May 23rd, 2025: Loch Lomond Group's new acquisition and other news
Loch Lomond Group acquires The New York Distilling Company, strike at Inver House Distillers, China and France talking about tariffs and more...
Good morning from Venice, but in a Scottish-like weather.
Acquisitions…
Loch Lomond Group takes the New York Distilling Company
And it is probably a good move, considering today’s uncertain relations with one of the most important markets in the world. The news is reported today by various newspapers. This is by Eleanor Yates on Drinks International:
Loch Lomond Group acquires The New York Distilling Company
Workers on strike at Inver House Distillers
A six-days strike is planned for next month, to face a pay dispute between the workers and the firm, which is owned by International Beverage. The same property (subsidiary of ThaiBev) just completed a considerable investment to build its new warehouses in Scotland. We red the news two days ago.
Here is the article by Nicola Carruthers on The Spirits Business:
Inver House Distillers faces six-day strike
New moves in China-France dispute over Cognac tariffs (?)
Something seems to be moving. French President Emmanuel Macron had a phone call with Chinese President Xi Jinping on Thursday. The two leaders agreed on the need to move quickly to resolve the trade disputes over Cognac tariffs. As it often happens in these situations, it is just announcements at the moment, but Macron is expected to leave for a trip to Southeast Asia on Sunday. We’ll keep an eye on that. Meanwhile, here is Reuters’ article:
France's Macron, China's Xi agree to advance on cognac trade dispute
Then, something to read from the whisky world.
The world of whisky investments frauds
Whisky cask investments have grown in recent years, but so have scams. According to data reported in this article by Clay Risen on the New York Times, in 2023 alcohol investment fraud in London, caused nearly $4 million in loss. Small investors are the ones most at risk
A New, Full-Bodied Fraud Comes in a Whisky Barrel
We had recently read about two firms going bust (here is May 9th press review).
Wednesday press review was a lot about production pauses and slowing down. I found something interesting on Whisky Advocate about this topic.
Denmark’s Stauning Whisky vs production slowdown
In this article by Mark Jennings shows a vivid point of view about what it means to deal with such a difficult situation. Here it is:
Stauning Whisky's Fight to Keep a Dream Alive
The company has just joined the national whisky movement, announcing a Danish Whisky Manifesto last month. Here is the news by Lucy Schofield on Whisky Magazine:
Danish distilleries unite to create Danish Whisky Manifesto
Thank you for reading and enjoy your weekend.
See you next week!