Macallan Bolsters Double Cask Range With Two New ExpressionsJuly 1, 2020
The Macallan has expanded its Double Cask range, adding 15- and 18-year old expressions to the lineup. The two new whiskies are bottled at 43% abv and are matured in Sherry-seasoned casks made from European and American oak. The 15-year-old whisky will retail for around $135 and the 18-year-old is positioned at $330. Both are rolling out now across the U.S. The Macallan was up 2.5% to 268,000 cases in the U.S. last year, according to Impact Databank.
Meanwhile, Macallan parent Edrington saw core revenues increase 6% to £699.6 million ($866m) in its fiscal year through March, on volume growth of 3%. Profit before tax jumped 10% to £222.4 million ($275m). Growth was led by The Macallan, while Highland Park and The Glenrothes saw mixed results in an increasingly competitive single malt category. CEO Scott McCroskie cautioned that the results reflect a time period largely unaffected by coronavirus and warned that while Edrington is on “sound financial footing,” the company anticipates a significant decline in global sales and profits in its current fiscal year.—Daniel Marsteller & Shane EnglishSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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