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William Grant & Sons tops £1 billion turnover for second year running

Published:  30 September, 2013

William Grant & Sons, which produces and distributes leading spirits brands inculding Glenfiddich, Hendrick's Gin and Monkey Shoulder, has reported a 7% increase in sales on core brands year-on-year to hit a record topping £1.06 billion.

It is the second year in a row that the premium spirits company has achieved sales of over £1 billion with a 1.4% increase on last year's performance.

But the company said the tough economic conditions and spending on its internal infrastructure had seen profits fall to £124.8 million in 2012, down from £126.3 million in 2011. Investments included expansion at both the Glenfiddich and Tullamore DEW visitor centres and an increase in production capacities.

Stella David, William Grant & Sons' chief executive, said:  "Whilst 2012 saw some difficult global economic conditions, the company continued to perform well thanks to the continued success of our premium spirits brands and our consistent focus on building brand equity and investing for the long-term."

Glenfiddich marked its 125th anniversay in 2012 by opening a new distillery in Dufftown.