The Scotsman

Whisky giant announces £6m venture

● Diageo to invest in new test centre ● Focus will be on science and tech

- By HANNAH BURLEY

existing technical centre, which will continue to operate during constructi­on.

This latest announceme­nt follows plans released by the company in April to invest £150m in the Scottish whisky tourism sector, building on the success of the previous year.

In 2017, the number of tourists visiting Diageo’s 12 distillery visitor centres across Scotland reached a record high of 440,260 – an increase of 15.2 per cent on the year before.

Part of the £150m investment involved creating an immersive Johnnie Walker visitor experience in Edinburgh and linking this with four of the firm’s key distilleri­es, Glenkinchi­e, Cardhu, Caol Ila and Clynelish, to represent the regional flavour variations of Scotch whisky.

Speaking at the time, First Minister Nicola Sturgeon said the investment underlined the “fundamenta­l importance of the whisky sector to Scotland’s economy”.

In the company’s most recent financial results, published in January this year, Diageo announced a 6 per cent lift in profits to £2.2bn in the second half of 2017.

However, the distiller gave warning of a £60m knock to operating profit and a £460m hit to sales for the full year, owing to the rise of sterling against the dollar.

Newspapers in English

Newspapers from United Kingdom