Edrington has sold its Glenturret whisky brand to posh wine distributor Art & Terroir.
The deal, for an undisclosed sum, marks Art & Terroir’s first move into the world of Scotch whisky.
The sale is expected to complete by spring 2019, with Edrington to provide operational and technical support during a transitional period.
No redundancies have been made as a result of the deal.
Edrington was “pleased to be placing Glenturret in the hands of Art & Terroir and we know that the distillery will thrive under their management”, said its CEO Ian Curle, who earlier this month announced he will step down in March 2019.
The brand was “the perfect choice” for Art & Terroir to make its debut in spirits, said the upmarket distributor’s MD Silvio Denz. “We are looking forward to working with the existing team to bring even greater success to this superb single malt and its beautiful Perthshire surroundings.”
Edrington put The Glenturret - Scotland’s oldest working distillery - up for sale in June, along with fellow Scotch brand Cutty Sark, which it sold to French spirits giant La Martiniquaise-Bardinet last month, as part of its ongoing strategy to focus on its more premium spirits brands such as The Macallan and Highland Park.
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