Diageo Offers To Unload Whyte & Mackay HoldingsNovember 25, 2013
Diageo has offered to unload part of its Whyte & Mackay whisky unit in an effort to counter competition concerns from U.K. regulators. According to a statement from Diageo, the drinks giant has proposed the potential sale of Whyte & Mackay’s Scotland-based Invergordon, Jura and Fettercairn distilleries. The U.K.’s Office of Fair Trading is currently considering the proposal. The company does, however, intend to retain the unit’s Dalmore and Tamnavulin facilities. Diageo, which also sells the Johnnie Walker, Caol Ila, Talisker, Buchanan’s and J&B whisky brands, among others, acquired Whyte & Mackay’s holdings in July as part of its takeover of India’s United Spirits Ltd. The Whyte & Mackay portfolio comprises the Dalmore, Jura, Cluny, John Barr, Glen Salen, Whyte & Mackay and Mackinlay’s whisky brands, as well as other offerings. Additional details on the Whyte & Mackay offer are slated to be released shortly.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.