Spirits behemoth Bacardi has purchased the remaining stake of ownership in family-owned Teeling Distillery, producers of Irish whiskey, from founding brothers Jack and Stephen Teeling. Bacardi initially purchased a minority stake in the Dublin-based Irish whiskey producer in 2017 and gradually increased ownership to become the majority shareholder in 2023. Bacardi claims that the Teeling […]
Bacardi-owned Speyside distillery Aultmore has completed an expansion – adding three new warehouses to their maturation and blending facility in Glasgow. In addition to Aultmore, Bacardi also boasts a portfolio of single malt whiskies including Aberfeldy, Craigellachie, Royal Brackla and The Deveron, as well as blended Scotch brand Dewar’s. The three new state-of-the-art maturing warehouses […]
A mere six years after investing in the Dublin-based Irish whiskey-making Teeling Distillery, Bermuda-based Bacardi has taken majority control of the distiller. The percentage of Bacardi’s ownership stake was undisclosed but founders Jack and Stephen Teeling will continue to own a percentage of the business and run day-to-day operations. Bacardi initially invested in The Teeling […]
In a UK-based legal dispute between spirits distributor giants, Brown-Forman has been awarded a $67.6 million ruling by a UK tribunal as a result of a cost-sharing disagreement. Brown-Forman and Bacardi first collaborated on their UK-based distribution process in 2002 but officially ceased that collaboration in April 2020 and Brown-Forman immediately formed their own UK […]