Turnover is up at William Grant & Sons
THE team at William Grant & Sons can enter the festive season with a spring in their step after the Scottish spirits business posted some strong financial results.
William Grant has revealed that last year, turnover was up 11.6% to £1.33bn for the 52 weeks to 31 December 2018 – an increase that the firm said was driven by volume and value growth for its “core brands”.
The firm made a £260m post-tax profit, up 4% on 2017, in a year that saw William Grant & Sons take some significant steps with its business.
The firm also opened its newly built Hendrick’s Gin distillery and relaunched Grant’s whisky with new packaging and a new range.
William Grant also opened a new packaging facility in Scotland for its luxury portfolio and established its first bottling operation in India.
In 2018, the firm also donated £3.2m to charitable causes through the William Grant & Sons foundation.
Simon Hunt, chief executive of William Grant & Sons said: “We’re delighted to report another year of double-digit top line growth for our business.
“As an independent family-owned business, we have made bold decisions to grow the business the right way by investing in our people, our brands and our infrastructure to deliver sustainable long-term growth.