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Irish Whiskey News – Jan 16 – 2020

This week our Irish Whiskey News features articles on Whiskey & Wealth Club generating €10 million in revenue during 2019 and World Whiskey Club launches in Dublin.

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

Irish Whiskey News - Jan 16 - 2020 - Whiskey & Wealth Club

Cask investment firm revenue tops €10m in 2019

Cask investment company Whiskey and Wealth Club experienced its “most successful” year to date after revenue reached €10 million (US$11.1m) in 2019. The company, which has offices in Dublin, Ireland, and Richmond, England, offers investors the chance to purchase casks of new make spirit from distilleries, which are stored in a secure bonded warehouse before being bottled and sold, or matured for a longer period. In 2019, the firm also grew its number of staff from four to 27 members. Originally created to target the Irish whiskey market, Whiskey and Wealth Club expanded into Scotch whisky by partnering with Bladnoch Distillery, and also has plans to enter the US and Japan.

The firm intends to grow revenue by 140% in 2020 to reach €24m (US$26.7m), while also increasing its employee numbers by a further 48%. Jay Bradley, founder at Whiskey and Wealth Club, said: “We’re extremely pleased by our efforts over the past year. All the hard work from the team is very much paying off, with record revenues reported and our team seeing a significant growth in headcount.”

Irish Whiskey News - Jan 16 - 2020 - World Whiskey Club

World Whiskey Club launches in Dublin

In the airy and beautiful confines of Smock Alley Theatre in Dublin last night, over 200 excited whiskey guests enjoyed the launch of World Whiskey Club. Before the official launch announcements, you had brands pouring like Ferncullen, Lambay Whiskey, Pearse Lyons and a host of others. The launch saw the unveiling of the newest venture in the Irish whiskey world which was set up by 4 whiskey enthusiasts who wanted to bring something new to the whiskey landscape.

World Whiskey Club will be holding regular tastings, distillery visits, special cask offers and you even get your own monthly whiskey hip flask refill service included. See http://worldwhiskeyclub.com/ for more information.

Thanks again for reading our Irish Whiskey News.

.

Andrew

The Whiskey Experts

 

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The Whiskey Experts  – Irish Whiskey News © 2019

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Irish Whiskey News – Jan 9 – 2020

This week our Irish Whiskey News features articles on Irish Whiskey exports show strong growth in 2019 and Powers Whiskey release new bottle design.

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

Irish Whiskey News - Jan 9 - 2020 - Irish Whiskey 2020 exports

Spearheaded By Whiskey, Irish Drinks Exports Increased By 8% To €1.45bn In 2019

Spearheaded by strong growth in Irish whiskey, Irish alcohol exports increased by 8% to €1.45 billion in 2019. Over half of the export growth achieved in 2019 was in the Irish whiskey category, which amounts to €58 million, according to a new report titled Bord Bia’s Export Performance and Prospects 2019/2020.

“Bord Bia’s report confirms that Ireland’s drinks industry is an export powerhouse and is certainly punching above its weight when it comes to export performance, with growth continuing over the past few years,” Patricia Callan, director of Drinks Ireland said. The data showed that the US remains the key market for Irish beverage exports, accounting for 40% of exports in 2019, valued at €676 million. “In addition to export growth in the US, we also saw growth in a number of other key markets in 2019,” she added.

Irish Whiskey News - Jan 9 - 2020 - Powers Whiskey

Powers Irish whiskey unveils new bottle design

The new design will debut on core expression Powers Gold Label in the US from March 2020. It will also roll out across Powers Three Swallow and Power’s John’s Lane from mid-2020 in the US and globally from late 2020. In Ireland, the newly designed Powers Three Swallow and Powers John’s Lane will be released in March 2020, with Powers Gold Label to be reviewed in due course. Conor McQuaid, chairman and CEO of Irish Distillers, said: “We are excited to introduce this new look to the world and inspire a new generation with the unique history and personality of Powers.

“At Irish Distillers, we have pride in Powers as one of the world’s leading Irish whiskeys and we welcome this dynamic new chapter for the brand as we seek to continue the Irish whiskey renaissance around the world.” The redesign features a new bottle shape inspired by the pot still silhouette from the brand’s home at John’s Lane Distillery in Dublin. In addition, the design will incorporate a diamond-shaped label with a ‘P’ – one of the first ever trademarks registered in Ireland and a link to Powers’ legacy and Irish whiskey history.

Carol Quinn, archivist at Irish Distillers, said: “Powers sense of identity has always focused on the diamond ‘P’; that became very clear to me as I worked my way through the historical archive. “The diamond ‘P’ was everywhere; on the casks, stationary, on bills and receipts, emblazoned on everything that left the distillery, and notably on the wonderful Powers mirrors that still hang in Ireland’s pubs today. “Workers at the old John’s Lane distillery even took to wearing a diamond ‘P’ pin on their lapel, such was their pride to be part of the Powers family. For me it’s wonderful to see the diamond ‘P’ front and centre on this new label, symbolising all the history of this great whiskey since 1791.”

 

 

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 – Dec 12 – 2019

This week our Irish Whiskey News features articles on Glendalough Distillery investors to share in €12 million sale and Pat Rigney becomes chair of Drinks Ireland|Spirits.

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

Irish Whiskey News - Dec 12 - 2019 - Glendalough Distillery

Glendalough Distillery investors to share €12m from the sale

A group of local investors in the Glendalough Distillery in Co Wicklow are set to share in a windfall of about €12 million from the sale of the remaining 60 per cent of the whiskey and gin maker to Mark Anthony Brands International, a Canadian-owned alcoholic beverage group. While financial details of the sale deal have not been revealed, industry sources said the deal values the Glendalough business at more than €20 million. This transaction gives Mark Anthony full control of the business, having acquired a 40 per cent stake in 2016.

The main beneficiaries of the sale will be Glendalough directors Barry Gallagher and Brian Fagan who own just under 20 per cent between them. Former Irish rugby captain Brian O’Driscoll, who owns 2.72 per cent of the company, is in line to receive more than €326,000 for his stake in the Irish spirits group.

Irish Whiskey News - Dec 12 - 2019 - Pat Rigney

Patrick Rigney named as the new chair of Drinks Ireland

Pat Rigney, the managing director and founder of “The Shed Distillery” in Co Leitrim, has been appointed Chair of Drinks Ireland|Spirits who are the representative body responsible for promoting the interests of the Irish spirits industry. Mr Rigney, who was previously vice-chair of the representative body, will take over from Aoife Clarke, who is senior director of International Public Affairs at Beam Suntory.

Pat Rigney said that Ireland’s spirits industry continues to go from strength to strength, with the value of spirits exports from Ireland increasing by 10.2% between 2017 and 2018, from €916m to over €1 billion. “We also have a dynamic domestic spirits market, driven by the growing popularity of premium spirits products like Irish whiskey and gin,” he added. He said the organisation wants to continue to drive this growth, but he cautioned that there are a number of imminent issues ahead, including tariffs and Brexit.

 

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