Glenfiddich owner toasts 3% rise in profits

Glenfiddich owner toasts 3% rise in profits

Glenfiddich Scotch whisky and Hendrick’s Gin owner, William Grant & Sons, has seen a 3% rise in profit in the last financial year.

The firm’s turnover rose by 12% to £1.4bn, while profits after tax rose to £248m from £240.4m, according to its latest full year report.

William Grant & Sons highlighted a large increase in distribution costs during 2021, as well as supply chain disruption in markets worldwide. The firm revealed it had also invested a record amount in advertising and promotion.

The strong results were helped by a rebound in sales to the on-trade and hospitality after Covid-driven closures, The Times reports.



Throughout the year, the firm marked the opening of a tequila distillery in Mexico, and a new cooperage and liquid supply area at its distillery in Girvan, Ayrshire. There was also the launch of the Clink ecommerce platform, which is a consumer-facing site to sell William Grant’s brands.

A spokesman said there had been “real progress” throughout 2021 and praised the resilience of staff.

They said: “The key to our long-term success lies in working together as one team, particularly with the supply chain challenges and unrest in the world that are again evident in 2022.”

Share icon
Share this article: