Subscribe Login
Drinks

Glendalough Distillery Records €361,000 Loss

Accounts for Glendalough Irish Whiskey Limited recently filed with the Companies Registration Office have revealed that Glendalough Distillery made a loss of over €361,000 during the 15 months that ended on March 31, 2019.

The company's loss during the period was close to €60,000 larger than the loss it made during the preceding shorter 12 month period, reports The Irish Times.

Acquisition

Mark Anthony Brands International announced on the 12 December last year that it has purchased the remaining shares in Glendalough Distillery, which now gives the company complete ownership of the Irish craft spirits business.

The deal which was reportedly worth in the region of €12 million came three years after the North American private beverage company took an initial 40% stake in the fast-growing distiller.

The Glendalough business continues to operate as a separate company from Mark Anthony Brands International under the leadership of the existing management team, headed by Barry Gallagher and Brian Fagan, who founded the company in 2011.

© 2019 Checkout – your source for the latest Irish retail news. Click subscribe to sign up for the Checkout print edition.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Enjoy full access to Checkout Magazine, our weekly email news digest, access to all website and app content, and the latest digital magazine for a full 30 days.
Enjoy unlimited digital access for 30 days