MARK ANGUS JOINS EXCLUSIVE SCOTCH WHISKEY SOCIETY
The Powercourt Distillery recently secured a funding of USD3.75 million for their plans to convert an old mill house into a distillery. This is expected to produce over a million bottles of Irish whiskey each year.
Interestingly, the investors come from diverse backgrounds, but seem to share a common interest—their love for whiskey. The co-founder of the distillery, Ashley Gardner, invested €380,000. He also happens to be a co-owner and director of a company that undertakes shop fit-outs, Dublin Display Centre. Gardner’s firm has, in addition, invested €95,000 in the distillery. Another investor, Gerry Ginty—the co-founder and director of the Powerscourt Distillery—entered the whiskey business after working over six years as a Project Management Consultant at Accenture.
It seems the whiskey distilleries attracted whiskey aficionados from the technology sector as well. Mentec’s Mike Peirce and his son Alexander have separately invested €750,000 and €375,000 respectively. The two will also be part of the distillery’s board of directors. Others include the Powerscourt estate property owners, the Slazenger family (€1.5m), and a shop fit-out firm’s director, Anthony Murphy (€185,000).
Located at the foothills of Wicklow Mountains, the picturesque estate—soon to be a distillery—has been planning to raise funds since 2015. Last year, it received planning permission to begin constructing this distillery. With additional funding, the efforts towards whiskey production is expected to accelerate. The distillery is aims to appoint about 18 full-time employees for this purpose.
HOW WHISKEY STAGED A COMEBACK FOR OYSTERS
Glenmorangie Distillery is all set to welcome the native oysters to the Scottish Highlands. With their plan to bring them back to its roots, the DEEP Project led by Heriot-Watt University, Glenmorangie Distillery and the Marine Conservation Society joined hands in bringing back the long lost oysters.Read More
Paddy's Day Carnivalesque: US Bars Witness Increased Footfall
In the US, the Irish festival of St. Patrick’s Day is celebrated mostly in bars and restaurants, suggests a 2017 Nielsen CGA analyst report. It shows that one out of five Americans plan to spend the Paddy’s Day weekend, around 17 March, in a bar or restaurant enjoying around four drinks on average. The study says that the 21-34-year-old demographic show more intention than other aged demographics, with numbers rising to almost one in four people heading to a bar or restaurant and drinking at least five pegs. Their poison of choice, as study and trade reports suggest, is more likely to be a smooth Irish whiskey. According to the data collected from Nielsen CGA’s market analysts, Irish whiskey sales have increased 27.6% in value in the bars and restaurants in the US.Read More
Lucky Bastard Launches Straight Malted Rye Whisky
Lucky Bastard Distillers, producers of a wide selection of spirits and liquors in Saskatoon, Canada have announced the launch of a new range of malt whiskies. The first to be released is a Lucky Bastard Straight Malted Rye Whisky followed by the Lucky Bastard Single Malt.Read More