William Grant & Sons has acquired The Famous Grouse and Naked Malt brands to bolster its portfolio despite facing industry challenges, reflecting a strategic move towards growth in the spirits market.
Information on the Target
William Grant & Sons reported a turnover of £1,834 million and a profit before tax of £388 million for the year ending December 31, 2024. Despite facing industry-wide challenges, the company's performance exhibits resilience, with revenue decreasing by 6.5% compared to 2023, primarily due to ongoing destocking trends prevalent in the market. The decline in profit, specifically a 30% reduction, reflects both these market conditions and ongoing investments aimed at enhancing the company's brands and infrastructure.
Demonstrating a commitment to quality and innovation, William Grant & Sons announced a multi-year partnership between its Glenfiddich brand and the Aston Martin Formula One™ Team in November 2024. This strategic collaboration merges the legacies of two prestigious entities, emphasizing mutual dedication to heritage, innovation, and excellence.
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Industry Overview in the Target's Specific Country
The spirits industry in the United Kingdom has been navigating a tumultuous landscape over the past few years, influenced by various economic factors and consumer
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William Grant & Sons
invested in
The Famous Grouse and Naked Malt brands
in 2024
in a Strategic Partnership deal
Disclosed details
Revenue: $2,244M
Net Income: $277M