Whisky by Time News Round Up – December 2023
It may be cold outside, but this December News Round Up keeps you warmly up to date.
Our news highlights include; The Winners of Best Irish Whiskey’s of 2023, the record breaking value of a rare bottle of Macallan, a word of caution from the City of London Police, new investments in Scotland and China, celebrity backing from Ricky Gervais and why the recent Autumn Statement received a cheers from the Scottish Whisky Association
We also end the year with some very exciting news of own. Whisky by Time has been chosen to be the exclusive UK partner of the prestigious Hanyu whisky. Offering our clients a unique access to a highly coveted Japanese whisky brand. This is a really big deal for whisky cask investors. You can read all the reasons why here. We look forward to sharing more about their phenomenal story in 2024.
Until then, on behalf of everyone at Whisky by Time we wish you a very Merry Christmas.
Rare Macallan 1926 whisky sells for £2.2m
A bottle of The Macallan 1926 has become the highest-selling spirit or wine at auction after selling for £2,187,50 during a Sotheby’s auction in London in late November. This record breaking figure was reported across the media including this article in The Guardian which gave an insight into the flavour and taste of The Macallan 1926.
GlenAllachie secures grant for energy efficiency improvements
Sustainability continues to be a number one priority for reputable whisky distilleries. Whisky Magazine reported on how GlenAllachie Speyside distillery has been awarded a grant from the Scottish Industrial Energy Transformation Fund (SIETF) to install technology that will improve its energy efficiency.
The new system is expected to cut GlenAllachie’s energy demand by 50 per cent, and will also support the distillery’s move away from natural gas to greener energy sources.
The GlenAllachie’s operations director Richard Beattie said;
“We’re thrilled at the news of our successful grant application for a project that will help us as an SME [small- to medium-sized enterprise] to significantly boost our sustainability credentials. We are acutely aware of the climate crisis and strive to punch above our weight within the Scotch whisky industry to decarbonise our processes.”
The company behind Camus Cognac is to build a whisky distillery in China.
The French spirits company broke ground on the site of the US$30 million Guqi Distillery in Bozhou, Anhui province, on 21 November.
Whisky Magazine reported on how the new distillery will combine Chinese knowledge on fermentation with Scottish distillation techniques, and ageing and blending methods from Cognac to create its single malt whiskies.
Cyril Camus said:
“As we look to the future, we see Guqi as a pioneer in the world of spirits, renowned for innovation, unique experiences, and a brand synonymous with quality and excellence.”
Irish Whiskey Association Announces The Best Irish Whiskeys Of 2023
The Irish Whiskey Association gathered in Dublin on November 29 to announce the 2023 Irish Whiskey Awards winners. Now in their 10th year, the awards span 20 categories across Irish whiskeys and spirits and have become the definitive judging of Irish whiskey worldwide. The coveted Best Irish Whiskey of the Year prize was awarded to Connacht Irish Whiskey Distillery, Exclusive Cask Strength, Single Malt Irish Whiskey, 47% ABV, 750 ml. Read more here in this Forbe’s article
Cheers Chancellor! Scotch Whisky industry heralds relief of duty freeze
The Scotch Whisky Association (SWA) has welcomed the recent alcohol duty freeze, saying that the decision of the Chancellor to cancel a further hike in duty following the 10.1% increase seen in August provides “much-needed stability” for distillers. The decision shows the HM Treasury has listened to the Scotch Whisky sector’s calls to support industry, its supply chain, and consumers.
A word of caution from the City of London Police
The Spirits Business reported on the recent advice from the City of London Police around fraudulent whisky cask investment advertisements with consumers losing over £3million in investment scams in 2023. We always urge caution on adverts that sound to good to be true – they usually are.
Ricky Gervais invests in Ellers Farm Distillery
English comedian and actor Ricky Gervais has become a co-owner of North Yorkshire-based spirits producer Ellers Farm Distillery.
“I’d been looking to invest in eco-friendly businesses for a while and as soon as I found Dutch Barn – I wanted in. I love the planet and I love a drink so it was the perfect combination. On a serious note Dutch Barn really is a quality product. I love the fact that it’s done differently and I can’t wait to let everyone know about it.”
You can read more here in this global drinks intel article;