info@thewhiskeyexperts.ie
+353 86 314 8977

NEWS

Here you can find out whats been going on in the Irish whiskey industry and see what we have been getting up to as The Whiskey Experts. If you want to know any more – please get in touch.

NEWS

Here you can find all the whiskey news that is coming out of Ireland. We will tell you whats been going on in the Irish whiskey industry and see what we have been getting up to as The Whiskey Experts. If you want to know any more information about our weekly whiskey news – please get in touch.


Irish Whiskey News – Oct 10 – 2019

This week our Irish Whiskey News features articles on Pernod Ricard finalising Castle Brands acquisition and Budget 2020 helps out smaller Irish distilleries.

So let’s see what’s happening this week in our Irish whiskey news.

Irish Whiskey News - Oct 10 - 2019 - Castle Brands

Pernod Ricard finalises Castle Brands acquisition

The purchase, which was announced in August, saw Pernod Ricard buy a total of 150,335,952 shares of common stock from Castle Brands, each valued at US$1.27. Carried out through a subsidiary of Pernod Ricard, the acquisition will see Pernod Ricard take control of Jefferson’s Bourbon brand, Goslings Rum, Knappogue Castle Irish whiskey and others.

Alexandre Ricard, chairman and chief executive officer of Pernod Ricard, said: “We’re thrilled about the closing of the Castle Brands acquisition and the opportunity it offers us in the world’s largest spirits market, the US, a priority market for the group.” As a result of the tender offer and the merger, Castle Brands has become an indirect wholly-owned subsidiary of Pernod Ricard, and Castle Brands’ common stock will cease trading on the New York Stock Exchange.

Irish Whiskey News - Oct 10 - 2019 - Irish Distillers Budget 2020

Distillers and small brewers toast the 2020 Budget

Distilleries in Ireland welcomed plans to spur increased venture capital investment in startups, which includes dozens of distilleries that have launched in recent years. Vincent McGovern, head of the spirits division of Drinks Ireland, welcomed changes to the Employment and Investment Incentive (EII) scheme for stimulating venture capital investment in Irish firms.

Budget 2020 will allow EII investors to claim full income tax relief in the first year of their investment. It also allows investors to double their investment to a maximum of €500,000 if they stay invested for 10 years. Mr McGovern said these changes would “help smaller distilleries as they recognise the fact that they are not the same as other small companies and that the practicalities of setting up a whiskey distillery are different”.

Thanks again for reading our Irish Whiskey News.

.

.

Andrew

The Whiskey Experts

 


The Whiskey Experts  – Irish Whiskey News © 2019

For more information, visit our website or email us at info@thewhiskeyexperts.ie

Irish Whiskey News – Oct 3 – 2019

This week our Irish Whiskey News features articles on Irish Whiskey escaping 25% USA tariffs and The Festival of Irish Whiskey will be showcasing Irish whiskey from October 10th to the 13th.

So let’s see what’s happening this week in our Irish whiskey news.

Irish Whiskey News - Oct 3 - 2019 - Shamrock

Irish Whiskey escapes 25% tariff from the United States

In a blow to Irish and European food exporters, the Office of the US Trade Representative announced it would impose tariffs of 25 per cent on a range of food products including butter, cheese, pork and several drink products, including liqueurs such as Baileys. However, while whiskey from Scotland and Northern Ireland – including Bushmills – will be hit, it appears that Irish whiskey has been exempted from the tariffs. The decision was announced hours after the United States was given the green light to impose $7.5 billion (€6.84 billion) worth of tariffs on European exports.

However, the apparent exemption for whiskey from the Republic of Ireland will be welcomed, given that the US is Ireland’s primary export market for whiskey. An analysis by Ibec earlier this year found that Irish goods would be the most exposed, on a per capita basis, to the proposed US tariffs on EU goods, noting that €818 million worth of products would be hit. “Given that the food and drink sector makes up two-thirds of the exports of indigenous firms, there is potential here for significant knock-on impacts on the domestic economy,” the association writes in its most recent economic outlook.

Irish Whiskey News - Oct 3 - 2019 - Festival of Irish Whiskey

Festival of Irish Whiskey is coming to the capital

The Festival of Irish Whiskey will be taking place in Dublin next week with some exciting events lined up. Venues across the capital will be hosting a variety of events celebrating the rich heritage of Irish whiskey. The festival will run from Thursday to Sunday next week with everything from tastings, workshops, talks, and tours in store for whiskey fans. All five Dublin distilleries will be hosting a joint tasting event and all proceeds will be going to A Liberties charity called the Solas Project. You can also check out the live cooperage demonstration at Pearse Lyons Distillery on Saturday. And if you love artisanal food and drink, why not make your way down to the Spirit of Dublin Food Fair at Teeling Whiskey Distillery?

Speaking at the launch, Food Minister Andrew Doyle TD said: “I am very pleased to see that in 2018 there were 923,000 visitors to Irish whiskey distilleries, up 13% compared to 2017 and up 41% compared to 2015. “With the number of visitors set to exceed one million in 2019, thus ensuring that the industry remains a significant employer both directly and indirectly through its support of the Irish tourism, agricultural producers, the agri-food sector and the rural economy.”

Thanks again for reading our Irish Whiskey News.

.

.

Andrew

The Whiskey Experts

 


The Whiskey Experts  – Irish Whiskey News © 2019

For more information, visit our website or email us at info@thewhiskeyexperts.ie

Irish Whiskey News – Sept 26 – 2019

This week our Irish Whiskey News features articles on Irish consumers paying the second-highest tax on alcohol in the EU and why barley farmers need more government support.

So let’s see what’s happening this week in our Irish whiskey news.

Irish Whiskey News - Sept 26 - 2019 - Irish Whiskey

Irish Consumers Pay Second-Highest Excise Tax On Alcohol In EU

Irish consumers pay the second-highest overall excise tax on alcohol in the EU: the highest on wine, the second-highest on beer, and third highest on spirits, a new survey shows. Despite its prominent drinks industry, Ireland ranks second in the ‘Big 4’ of EU excise tax on alcohol, behind Finland and ahead of Sweden and the UK, a new Drinks Industry Group of Ireland report, Excise Tax Rates in Europe: How Ireland Compares in 2019.

The Irish government levies a tax bill of €12 on a bottle of off-licence-bought Irish whiskey and 54 cents on a pint of Irish stout served at a pub, restaurant or hotel. In terms of excise tax, Italian tourists pay four times less excise on a bottle of Irish whiskey in an Italian supermarket than they would if purchasing it for the Irish distillery that produced it. In France and Germany, countries equally renowned for their drinks industries, excise tax rates on wine and beer are far lower. The report showed that a shopper in France pays just three cents in excise on a bottle of Cabernet Sauvignon, while a patron at a German beerhall pays five cents in excise on every pint of lager.

Irish Whiskey News - Sept 26 - 2019 - Irish Malt

Drinks Ireland calls on Government to support barley growers

Agriland and Drinks Ireland met last week to discuss the policy of sourcing malted barley for the production of Irish whiskey from outside Ireland. “What I’d love to see is the Government to re-establish a tillage forum – or whatever you like to call it – but something that gives strategic intent to look at the sector equally with meat and dairy and that’s obviously a climate agenda item as well. Tillage is a quarter of the climate emissions of meat and dairy.”

Those were the words of Patricia Callan, who is the director of Drinks Ireland. Patricia was speaking to AgriLand as part of a panel discussion at the National Ploughing Championships last week on malting barley. However, the use of imported malt has become a real source of annoyance for malting barley growers, along with the fact that the Geographical Indication for Irish whiskey has no requirement for Irish ingredients to be included in the product.

Farmer Séamus Duggan was clearly frustrated by this: “We have this geographical indicator being put up as being the be-all and end-all for the Irish drinks industry going forward, but for me, they’re walking on very thin ice.” He added: “If you can put a 53-page document together and talk all about the manufacturing process and, as you said, the taste – it’s all very fine – but the core thing that should have been part of the geographical indicator has to be the ingredient. He continued: “For the drinks industry to say it’s fine, it’s made in Ireland; it’s made with pot stills and this is the process we use and that’s enough to call it Irish I think it’s very, very dangerous.”

Thanks again for reading our Irish Whiskey News.

Andrew

The Whiskey Experts

 


The Whiskey Experts  – Irish Whiskey News © 2019

For more information, visit our website or email us at info@thewhiskeyexperts.ie