Scottish firm in high spirits

Turnover is up at William Grant & Sons

Hendrick's gin
The firm behind Hendrick’s gin made a major investment in the brand in 2018.

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.

Last year, William Grant launched seven new brands, including Fistful of Bourbon, Discarded, and Aerstone single malt scotch whisky.

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.