News Briefs for July 26, 2016July 26, 2016
•Edrington has revealed revenues of £575 million ($755m) for its fiscal year ended in March, in line with the previous year. The company’s organic EBIT was at £156 million ($205m), representing a slight increase from a year earlier. Edrington’s Macallan and Highland Park single malts both posted value growth for the year, the company said, with the Macallan now single malt Scotch’s top brand by value, showing strong gains in the U.S., China and Russia. Blended Scotch brands Famous Grouse and Cutty Sark posted volume declines for the year, although both outperformed the overall category in the U.S.
•Diageo has named Vince Hudson as global brand director and U.S. SVP for Smirnoff, replacing Matt Bruhn, who is leaving the company after 12 years. Hudson was previously vice president, U.S. Marketing & Mobile Business Unit for Samsung, and prior to that spent two decades with Procter & Gamble. He will report to both David Gates, Diageo’s global head, premium core spirits, and James Thompson, chief marketing and innovation officer for Diageo NA.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.