Magners and Tennent’s owner C&C outperforms in tough alcohol market Retail Drinks company C&C, the owner of brands such as Magners and Tennent’s, has said it’s on track to meet expectations this year despite well-documented troubles in the alcohol industry. The firm, which is headquartered in Dublin, said in an update ahead of its AGM that it remained “confident” of achieving its set goal and that [...]
Glass half empty: Distil searches for a loan as spirits firm’s revenue halves Retail Spirits firm Distil has reported a steep drop in revenue in light of inflation, cost-of-living pressures and a significant hike in alcohol duty. The AIM-listed firm, which owns brands including RedLeg Spiced Rum, Blackwoods Gin and Vodka and Blavod Vodka, said that revenue fell by 55 per cent in the four months covering April-June this [...]
Spirits trade has tough year in 2023 according to AIM-listed Distil Business Despite the difficult environment, turnover at the firm increased 15 per cent year-on-year to £1.5m with Goulding pointing to a "continued expansion" of its brands in the UK on-trade.
RedLeg Spiced Rum, Trove Vodka and Blackwoods Gin maker Distil reports profit plunge April 11, 2024 Sales between January to March fell 47 per cent year-on-year, despite an overall eight per cent rise in full-year volumes.
