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News Briefs for April 25, 2019

April 25, 2019

•Diageo has received the go-ahead to expand the visitor experience at its Caol Ila distillery on Islay, as part of a previously announced £150 million ($215m) investment in its Scotch whisky tourism operations. Under the investment, Caol Ila will become “the Islay home of Johnnie Walker,” and be linked to the new global Johnnie Walker visitor center in Edinburgh. Caol Ila is a key part of the Johnnie Walker blend, along with Glenkinchie, Cardhu, and Clynelish.

•Rémy Cointreau posted sales of $1.36 billion, up 7.8% on an organic basis, for its full fiscal year ended in March. Growth was driven by an 11.9% rise from the House of Rémy Martin division—which accounts for 70% of sales—and a 4% gain for its other spirits and liqueurs. Among the latter, Rémy’s Botanist gin and its Scotch whisky portfolio, including Bruichladdich, saw strong growth, while Metaxa and Mount Gay faced challenging conditions. The Americas, Asia, the U.K., and Russia drove gains during the fiscal year, while Europe, the Middle East, and Africa struggled. According to Impact Databank estimates, Rémy Martin rose 5% to 950,000 cases in the U.S. last year, while Cointreau grew 6.5% to 280,000 cases.

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