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End Of The Road: Bowmore, Aston Martin Toast Five-Year Partnership

End Of The Road: Bowmore, Aston Martin Toast Five-Year Partnership

Forbesa day ago
The Bowmore ARC-54 features rare 54-year-old whisky in a handblown decanter that is inspired by the ... More F1 Valkyrie. Only 130 decanters available globally, at a suggested retail price of $80,000.
A five-year collaboration between Bowmore and auto maker Aston Martin officially comes to an end this month, a partnership that added some luxurious luster to the Scotch whisky brand.
Nathalie Phillips, the senior director of prestige brands in the U.S. for Suntory Global Spirits, the parent company of Bowmore, tells me during a virtual interview that the brand's positioning has strengthened over the past several years.
Back in 2020 before the Aston Martin partnership kicked off, Bowmore was in a rarified group of Scotch brands that can access decades-old whisky, making the brand highly coveted by collectors. But this heritage and history wasn't always appreciated by the broader population.
'That disconnect was something that we wanted to fix,' says Phillips. 'We should be getting that credit on our base, because our whiskies are incredible.' Bowmore, she adds, 'really is a coveted brand no matter what price point.'
This explains why over the last half decade, the distillery has reinforced time and time again a connection with Aston Martin. Both are brands that Phillips says have British heritage, craftsmanship and tradition. This history goes back well over a century for Aston Martin, which was founded in 1913, and even further for Bowmore distillery, which was created in 1779.
Bowmore, Aston Martin Collaboration Takes A Final Lap
Limited edition offerings have been a particularly important through line that's connected the brands. 'That collectibility is something that's really important to our core,' says Phillips. 'So finding another partner that could help us amplify that globally was important.'
The brands' first creation kicked off in 2020 with the launch of the Black Bowmore DB5 1964. Only 25 bottles were sold, marking momentous moments for each brand. For Bowmore, 1964 was significant as it was when a new boiler was added to the distillery that allowed for steam in heating the stills, rather than coal fires. And while the Aston Martin DB5 launched in 1963, it became most known when driven by the fictional spy James Bond in the 1964 film Goldfinger.
Bowmore distillery dates back to 1779. It is the oldest distillery on Islay.
The partnership has taken several other twists and turns over the years, including the DBX Bowmore Edition luxury cars that were painted in 'Bowmore Blue' and in some cases, featured Bowmore-branded copper inlays using copper from the original whisky still. Interior accents included Bowmore tweed, a nod to the brand's Islay roots. Only 18 of these vehicles were sold.
The final lap of the Bowmore-Aston Martin collaboration was recently marked with the second, and final, release of the ARC series, the Bowmore ARC-54. Sold at a suggested retail price of $80,000, the ARC-54 was distilled in November 1968 and is described as having zesty citric tones, delicate floral notes, along with salty caramel sweetness, spiced ginger and cinnamon.
Only 130 decanters were made available globally. Each of the vessels were handblown and took inspiration from the terroir of Islay and the F1-inspired aerodynamic exterior of the Aston Martin Valkyrie hyper car.
'This rare creation truly demonstrates just how Bowmore ages exceptionally over time, with unmatched precision and clarity,' says Calum Fraser, Bowmore's chief blender, in a statement at the time of ARC-54's release. 'As guardians of this spirit, we strive to harness the power of the past in every drop that we create – whilst constantly reimagining Bowmore for the next generation that will experience our whiskies.'
Over the course of five years, Bowmore and Aston Martin launched a series of collaborative products, ... More including rare bottles and Bowmore edition luxury cars, that were crafted for collectors.
Phillips says that the vision for ARC-54 was that it wasn't crafted to just be another rare whisky bottle. Brands like Bowmore must compete not only with the luxury offerings from other Scotches, but also with any collectible that luxury shoppers may desire, ranging from watches to purses to automobiles.
'We didn't want to just create a package that was beautiful, but something that actually was related to the partnership,' says Phillips. 'That was something that was unprecedented for us.'
How Aston Martin Has Helped Bowmore
When asked to gauge how Bowmore views the success of the five-year partnership with Aston Martin, Phillips says the brand looks at collectability rankings. Over the past few years, Bowmore says it has seen a rise in how 'collectible' it is deemed by consumers. The limited-edition sales runs for the bottles also sell out, another sign that Bowmore is crafting the right quantity of expensive, limited-edition bottles to meet demand.
There is also a halo effect that Bowmore says it sees for the more accessible offerings, which can sell for under $60. Phillips says Bowmore is keen to keep a close eye on which bars and restaurants are selling the brand and if it is prominently displayed behind the bar and on restaurant and hotel menus.
'That's really important to us, because that helps to build a sustainable brand,' says Phillips. 'And that's when the sales guys say, 'I love what you are doing. Please keep doing more.''
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Undue reliance should not be placed on forward-looking statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause the Havas Group's actual results to differ materially from those expressed or implied in such forward-looking statements. Please refer to Section 7.2, 'Risk Factors' of the annual report of Havas N.V. for the year ended December 31, 2024, available on Havas N.V.'s corporate website for a description of certain important factors, risks and uncertainties that may affect the Havas Group's business and/or results of operations. Havas undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as required by applicable laws and regulations. This press release refers to certain non-IFRS financial measures, or alternative performance measures, used by Havas in analyzing operating trends, financial performance and financial position of the Havas Group and providing investors with additional information considered useful and relevant regarding the results of the Havas Group. These alternative performance measures are not recognized measures under IFRS or any other generally accepted accounting standards, and they generally have no standardized meaning and therefore may not be comparable to similarly labelled measures used by other companies. As a result, none of these alternative performance measures should be considered in isolation from, or as a substitute for, the financial statements and related notes prepared in accordance with IFRS. For a definition of these alternative performance measures and a reconciliation from such alternative performance measure to the relevant line item, subtotal or total presented in the financial statements, please refer to the financial glossary at the end of this press release and Note 7.2.2 to the unaudited condensed consolidated interim financial statements as of and for the six months ended June 30, 2025 included in the financial report of Havas N.V. for the six-month period ended June 30, 2025] The financial information included in this press release in respect of the six-month period ended June 30, 2025 has not been audited or reviewed by an external auditor. In addition, certain calculated figures (including data expressed in thousands or millions) and percentages presented in this press release have been rounded. Where applicable, the totals presented in this press release may slightly differ from the totals that would have been obtained by adding the exact amounts (not rounded) for these calculated figures. The financial information included in this press release in respect of the six-months period ended June 30, 2024 has been derived from the unaudited condensed consolidated interim financial statements of Havas S.A.S., prepared in accordance with IAS 34 'Interim Financial Reporting', as of and for the six months ended June 30, 2024 (the '2024 Unaudited Condensed Consolidated Interim Financial Statements'). The 2024 Unaudited Condensed Consolidated Interim Financial Statements, together with the Havas S.A.S.'s statutory auditors' limited review report thereon, are included in Section 18, 'Historical Financial Information' of the prospectus dated October 30, 2024, published in connection with the listing and admission of Havas N.V.'s shares to trading on the regulated market of Euronext in Amsterdam and available on the corporate website of Havas ( CONSOLIDATED FINANCIAL STATEMENTS Profit and loss Unaudited accounts In millions of euros Half Year 2024 Half Year 2025 Revenue 1,366 1,408 Costs rebilled to customers (58) (62) Net revenue 1,308 1,346 Other operating expenses and income (198) (211) Personnel costs (919) (934) Depreciation and amortization (56) (55) Performance shares (2) (2) Adjusted EBIT 133 144 Goodwill impairment / earn-out adjustments 3 (3) Restructuring (11) (7) Operating income 125 134 Net financial expense (4) (17) Income before Tax 121 118 Income taxes (48) (37) Net income 74 80 Non-controlling interests 3 6 Net income, Group share 71 74 Expand Balance sheet Assets Unaudited accounts In millions of euros Dec. 31, 2024 June 30, 2025 Non-current assets Goodwill 2,535 2,486 Intangible assets 49 48 Property and equipment 205 187 Rights-of-use assets 238 239 Equity Investments 3 4 Financial assets 40 43 Deferred tax assets 96 72 Other non-current financial assets 19 28 Total non-current assets 3,185 3,107 Current assets Inventories and work in progress 115 134 Customer receivables 2,726 2,532 Current tax receivables 70 64 Other receivables 337 439 Other current financial assets 9 11 Cash and cash equivalents 234 351 Total current assets 3,491 3,531 TOTAL ASSETS 6,676 6,638 Expand Equity and Liabilities Unaudited accounts In millions of euros Dec. 31, 2024 June 30, 2025 Shareholders' equity - Group share 1,881 1,725 Capital 198 198 Share premium account 3,246 3,167 Currency translation adjustments (8) (112) Treasury shares - (4) Other reserves and retained earnings (1,555) (1,524) Non-controlling interests 26 30 Total equity 1,907 1,755 Non-current liabilities Long-term borrowings 4 2 Lease liabilities over 1 year 223 223 Earn-out and non-controlling interest buy-out obligations 237 232 Other long-term provisions 108 98 Deferred tax liabilities 69 60 Other non-current liabilities 9 8 Total non-current liabilities 650 623 Current Liabilities Short-term borrowings 7 420 Lease liabilities under 1 year 77 72 Bank overdrafts 12 8 Earn-out and non-controlling interest buy-out obligations 32 90 Short-term provisions 63 45 Trade payables 2,692 2,330 Tax payables 24 23 Other payables 1,212 1,272 Total current liabilities 4,119 4,260 TOTAL LIABILITIES 6,676 6,638 Expand Cash Flow Statement Unaudited accounts In millions of euros June 30, 2024 June 30, 2025 Net income 74 80 Adjustments of non-cash items 77 82 Amortization, depreciation and provision 30 37 Current income taxes 30 25 Change in deferred taxes 18 12 Expenses related to performance shares - 2 Other non-cash transactions (3) 1 Finance costs 2 5 Tax paid (33) (38) Change in working capital (204) (183) Net cash provided by operating activities (86) (59) Intangible and tangible (13) (15) Payment for acquisition of subsidiaries, net of cash acquired (14) (16) Loans granted 1 (3) Interest received 11 11 Loan to Vivendi 116 - Divestitures - 3 Net cash used in investing activities 101 (20) Dividends paid to Havas shareholders and non-controlling interests (94) (84) Transactions in treasury shares - (4) Buy-out payments of non-controlling interests (62) (9) Transactions on borrowings 93 401 Repayment of lease borrowings (42) (40) Interests paid on lease liabilities (6) (5) Net cash used in financing activities (111) 259 Effect of exchange rate changes on net cash 8 (59) Net increase / (decrease) in cash and cash equivalents (96) 180 Cash and cash equivalents net at opening 322 222 Cash and cash equivalents net at closing 234 343 Expand FINANCIAL GLOSSARY Adjusted EBIT Adjusted EBIT represents net income excluding income taxes, interest, other financial income and expenses, goodwill impairment, earn-out adjustments and restructuring charges Adjusted EBIT margin Ratio in % of (Adjusted EBIT) / (Net Revenue) bps Basis points Capex Cash used for purchases of intangible and tangible assets Operating Cash Flow before working capital Net cash provided by operating activities, excluding changes in working capital and taxes paid, and including lease payments, as reported in the consolidated financial statements Dividend payout ratio Target proportion of net income attributable to the shareholders of Havas, the distribution of which would be proposed to the General Shareholders' Meeting of Havas. EBIT Operating income (EBIT – Earning Before Interest and taxes) including the impact of restructuring charges Foreign Exchange rate change Contribution of the foreign exchange effect (or currency effect) to total growth Like-for-like, Organic growth Growth achieved through internal business activities at constant currency and perimeter Liquidity available Position of cash and cash equivalents, adding available short-term undrawn credit lines (confirmed and non-confirmed) Margin Calculated as a percentage of Net revenue Net debt / Net cash Net debt = Long-term debt plus short-term debt, excluding lease liabilities, earn-out obligations and non-controlling interest buy-out obligations, minus cash and cash equivalents and amounts outstanding on loans to Vivendi SE. If Net debt is negative, then it is equivalent to Net cash Average Net Debt / Net Cash Average of the amount of net debt / net cash at the end of each month Net revenue Equal to revenues in accordance with IFRS 15 less costs rebilled to customers (consisting of pass-through costs rebilled to customers such as out of pockets costs and other third-party expenses) Scope change Contribution of perimeter variation (including M&A operations and divestments) to total growth Total Growth = YoY (Year-over-Year) Growth in net revenue over a specified period (including Organic growth, Scope change and FX change) / Year-over-year equivalent Expand Note on Operating Cash Flow before working capital: As from July 29, 2025, Havas will report its Operating Cash Flow before working capital, a non-IFRS measure defined in the above financial glossary ('OCF before WC'). This new figure will be provided going forward in addition to Free Cash Flow ('FCF' – defined as net cash provided by operating activities minus capital expenditures). Management believes OCF before WC provides more relevant information on Havas's underlying cash generation capacity compared to FCF, as OCF before WC does not take into account short-term, external or seasonal fluctuations in Havas's working capital requirements. In the first half of 2025, OCF before WC amounted to 117 million euros, up from 104 million euros in the first half of 2024. In the first half of 2025, Free Cash Flow stood at (73) million euros, compared to (99) million euros in the first half of 2024. 1 Net revenue, Adjusted EBIT and Adjusted EBIT margin are non-IFRS measures defined in the financial glossary appended to this press release. 2 Net revenue is a non-IFRS measure defined in the financial glossary appended to this press release. 3 Adjusted EBIT and Adjusted EBIT margin are non-IFRS measures defined in the financial glossary appended to this press release. 4 Net revenue is a non-IFRS measure defined in the financial glossary appended to this press release. 5 Organic growth is a non IFRS measure defined in the financial glossary appended to this press release. 6 Change in the scope of consolidation is defined in the financial glossary appended to this press release. 7 Foreign exchange rate impact is defined in the financial glossary appended to this press release. 8 Adjusted EBIT is a non-IFRS measure defined in the financial glossary appended to this press release. 9 Adjusted EBIT margin is a non-IFRS measure defined in the financial glossary appended to this press release. 10 Operating Cash flow before working capital is a non-IFRS measure defined in the financial glossary appended to this press release 11 Net cash / Net debt is a non-IFRS measure defined in the financial glossary appended to this press release. 12 Average Net debt is a non-IFRS measure defined in the financial glossary appended to this press release. 13 Liquidity available is defined in the financial glossary appended to this press release.

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