Latest news with #Glenmorangie
Time of India
5 days ago
- Business
- Time of India
India-UK trade deal sealed, but scotch prices to come down only by next year
NEW DELHI : Scotch prices — including brands like Glenlivet, Black Label, Glenmorangie, and Chivas Regal — won't drop just yet, despite the India-UK trade deal halving the steep 150% import duty. The agreement still awaits ratification by the UK Parliament before the changes come into effect. Even when they come down, the reduction in prices will be in the range of only 8-10% as the share of customs duty to cumulative retail price of scotch is only around 15-20%, industry officials told TOI. The reduction in duty on scotch had been a major ask of the UK govt during the negotiations for the Comprehensive Economic and Trade Agreement. The UK Parliament is likely to ratify the deal only by the middle of next year. Once approved, the customs duty will come down to 75%, and thereafter reduce to 40% over the next decade. Top international spirits makers such as Diageo welcomed the move, and even Indian makers – who source Scottish spirits for blending in their local brands – are upbeat. 'We laud the Indian and British govts for formalising this historic treaty which will boost bilateral trade and positively impact the accessibility of premium Scotch whisky in India, reigniting growth and increased choice for Indian consumers,' Praveen Someshwar, MD & CEO of Diageo India said. Sanjit Padhi, CEO ofInternational Spirits and Wines Association of India (ISWAI) said the agreement paves the way for a more balanced and equitable trade environment, particularly as Indian alcohol exports to the UK have zero import duties. However, industry officials say that despite halving of import duty, the actual reduction of consumer prices will not be more than 10%. 'The share of customs duty to the overall structure of MRP is hardly 15-20%, depending on the category. The rest comprises state govt taxes, and distribution margins. So actual consumer prices will come down by only 8-10%,' an official said. The reduction in import tariffs will also be a benefit for manufacturers of Indian Made Foreign Liquor (IMFL). Around 80% of the imported scotch is in bulk form, which is used for bottling in India and for blending by local whisky brands. Abhishek Khaitan, MD of Radico Khaitan, said the company sees significant 'strategic and cost advantages' due to the trade deal. 'We have estimated our scotch requirements valued at over Rs 250 crore in FY26, and this treaty represents a substantial opportunity for value creation… this agreement is a win-win; empowering Indian enterprises to elevate their global competitiveness while showcasing India's excellence and innovation on the world stage. ' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Scotsman
10-07-2025
- Business
- Scotsman
Livingston Constituency MP Challenges Opposition Parties Over EU Trade Deal Benefits
Local businesses including Glenmorangie and Paterson shortbread are set to benefit from £9bn annual boost by 2040 Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Livingston constituency MP Gregor Poynton today challenged opposition parties to explain why they oppose a new EU trade agreement that will deliver significant benefits to Scottish businesses and the wider economy. Speaking during Cabinet Office questions in the House of Commons, Mr Poynton highlighted how the deal will help world-class producers in his constituency, including Glenmorangie whisky distillery and Paterson shortbread bakery, as well as the broader Scottish salmon industry which has already welcomed the agreement. Advertisement Hide Ad Advertisement Hide Ad The West Lothian MP emphasised the global reputation of Scottish produce, stating that the new agreement would help Scottish businesses "grow and export world class products" including premium whisky bottled in his constituency and traditional shortbread baked locally. Livingston MP Gregor Poynton has challenged opposition parties to get behind the new EU-UK Trade Deal Minister Nick Thomas-Symonds, Paymaster General and Minister for the Cabinet Office, confirmed the new Sanitary and Phytosanitary (SPS) agreement will make trade with the EU "easier and cheaper" for a wide range of Scottish produce including Paterson shortbread, Lorne sausages and Scottish seed potatoes. The Minister described Mr Poynton as speaking "very powerfully for his local businesses" and confirmed that the agreement represents a significant economic opportunity for Scotland and the wider UK economy. Crucially, the Minister stated that any party seeking to reverse the agreement would need to explain why they want to remove £9 billion worth of annual economic benefits by 2040 from the UK economy. Advertisement Hide Ad Advertisement Hide Ad Mr Poynton questioned why the SNP, Conservatives and Reform UK have "set their face against" a deal that has been warmly welcomed by the Scottish salmon industry and other key Scottish exporters, particularly given the substantial economic benefits it will deliver. The exchange comes as the government seeks to rebuild and strengthen trade relationships with the EU following years of uncertainty, while ensuring Scottish businesses can compete effectively in international markets. The SPS agreement is expected to reduce bureaucratic barriers and costs for food and agricultural exports, making it easier for Scottish producers to access the large EU market and maintain their competitive edge in international trade.
The Herald Scotland
10-07-2025
- Entertainment
- The Herald Scotland
Glenmorangie unveils £1800 experience based on Harrison Ford campaign
Now Glenmorangie House is offering a new package to allow guests to explore the Highlands in the same way the Star Wars actor did. The nine-bedroom boutique hotel pays tribute to the renowned distillery with each room inspired by the different element of whisky making. Guests who book the experience will be treated to a two-night stay at Glenmorangie House, where a bottle of The Infita 18 Years Old will await them on arrival. There will then be a private guided tour of the nearby Glenmorangie Distillery and an exclusive tasting in one of the traditional dunnage-style warehouses. A Highland Dinner, complete with bagpipes, Scottish delicacies and live music alongside a mixology class will also be on offer while there will be a guided half-day excursion to the shores of Loch Glass which provided the backdrop to Ford's kilted pose. Read More Glenmorangie's Harrison Ford campaign claims top prize at design awards The experience also includes the option to commission a custom-made kilt from Geoffrey Tailor and Kiltmaker in Edinburgh. Reflecting on her time in the Scottish Highlands and at Glenmorangie House, Hollywood actor Calista Flockhart, married to campaign star Harrison Ford, said: 'I had such a wonderful stay at Glenmorangie House. Everyone was lovely, and fun – we were made to feel right at home immediately upon arrival. It was magical to experience the Highlands for the first time from this incredible boutique hotel. 'We had stunning views of the Moray Firth coastline, and spent time hiking the surrounding hills, exploring local towns and villages, and of course, visiting the Glenmorangie Distillery. We returned to the house every night for a wonderful meal and an evening by the fire. I can't wait to have the opportunity to go back, and back again!'. The experience is priced at £1800 per room with breakfast, dinner and all activities included and is available over set dates from August 29 to 31 and October 3 to 5.
Daily Record
04-07-2025
- Entertainment
- Daily Record
Scotland's 'top seven' whiskies for July 2025 including limited edition drams
The best Scottish drams of the month have been named. Scotland's top whiskies for July have been named. Bottles from distilleries such as Glenmorangie and Laphroaig are featured on the roundup. When it comes to purchasing whisky, it can be difficult to know where to start. Unless you are a seasoned expert, it is easy to overspend if you are not sure what the right whisky is for you. Retailer Master of Malt has shared its list of the top 10 whiskies of July 2025. The Daily Record has rounded up all of the Scottish whiskies featured on the list. Read on for the top seven Scottish whiskies for July 2025, according to the experts. The full list of the top whiskies around the world this month can be found on the Master of Malt website. 1. Kinglassie Raw This limited-edition peated single malt is among the first releases from the InchDairnie distillery in Fife. Matured in bourbon barrels for eight years, it features scents of heather and caramelised banana and tasting notes of black pepper, smoked bacon, and salted toffee. The Kinglassie Raw Whisky is available to buy for £78.95 from Master of Malt. Elsewhere, it can be purchased for the same price from The Whisky Exchange. 2. Old Perth Manzanilla Limited Edition The Old Perth Manzanilla Limited Edition is another limited-edition, this one being a blended malt whisky matured in manzanilla sherry casks. There are notes of buttery almond croissants on the nose, while tasting notes include amaretti biscuits and candied almonds. At the moment, the whisky can be bought from Master of Malt for a price of £58.95. It is also stocked by The Whisky Exchange, for £58.95 as well. 3. Glenmorangie A Tale of Tokyo This is the fourth release as part of Glenmorangie's 'Tale of' series, and is unique for being partially aged in Japanese Mizunara oak casks. Among the notes are sandalwood, incense, dried cherries on the nose and citrus, marzipan, and fennel on the palate. Glenmorangie A Tale of Tokyo is currently in stock at Master of Malt for £66. Buyers can also find the whisky for sale on The Whisky Exchange for £73.95. 4. Secret Wigtownshire 6 Year Old 2018 - Elevenses The Secret Wigtownshire 6 Year Old 2018 - Elevenses comes from Edinburgh-based cask broker and independent bottler Keeble Cask Company. Distilled in 2018 and matured for six years, nose notes include pancakes and lemon peel and tasting notes include lemon sherbet and fruit sorbet. The Secret Wigtownshire 6 Year Old 2018 - Elevenses can usually be purchased from Master of Malt for £49.95, though it is currently out of stock. Elsewhere, it can be picked up from Royal Mile Whiskies for a price of £48.95. 5. Laphroaig Elements 3.0 The newest release in Laphroaig's Elements series, this one-of-a-kind whisky was distilled under fire before being fully matured in American oak bourbon casks. Unsurprisingly, it features an intense smoky and peaty character—as well as notes of cocoa beans and tangy fruit. At the moment, Master of Malt is selling Laphroaig Elements 3.0 at a price of £169.95. The whisky can also be purchased from The Whisky Shop for £170. 6. Dailuaine 16 Year Old 2008 Single Cask (Master of Malt) This whisky comes from the Dailuaine Distillery in Charlestown-of-Aberlour, and was bottled for the exclusive Master of Malt collection. There are notes of apple pastries, shortbread, and vanilla on the nose, giving way to a palate of banoffee, candied mango, and overripe fruit. The Dailuaine 16 Year Old 2008 Single Cask is available to purchase for £69.95 from Master of Malt. 7. Glencadam 10 Year Old Finally, the Glencadam 10 Year Old is a multi-award-winning whisky aged exclusively in American oak bourbon barrels. Neither coloured nor chill-filtered, its notes include wood and vanilla on the nose and tart fruits and cut hay on the palate. Those interested in a bottle of Glencadam 10 Year Old can find it for a price of £39.90 on Master of Malt. Elsewhere, Glencadam 10 Year Old is sold by The Whisky Exchange for £44.75.
Yahoo
01-07-2025
- Automotive
- Yahoo
Harrison Ford entertainingly reveals Glenmorangie as Official Whisky of Formula 1®
- "Nice", says actor in witty verdict on whisky's pioneering partnership - GLASGOW, Scotland, July 1, 2025 /PRNewswire/ -- Glenmorangie Highland single malt Scotch whisky today becomes the Official Whisky of Formula 1® – the world's most prestigious motor-racing competition. Marking the union of two icons dedicated to taking their crafts to new heights and steeped in heritage, this landmark alliance is part of a decade-long collaboration forged by Glenmorangie's parent company LVMH and Formula 1®. Glenmorangie's partnership is revealed by another icon – Harrison Ford – star of the whisky's brand campaign, in an entertaining short film infused with his trademark wit. Meanwhile, Glenmorangie will celebrate the collaboration trackside this weekend, at the FORMULA 1 QATAR AIRWAYS BRITISH GRAND PRIX 2025, by sharing a Harrison Ford-inspired photo-moment with racegoers. For more than 180 years, Glenmorangie's whisky creators have been relentlessly imaginative in their pursuit of excellence. They distil their more elegant spirit in Scotland's tallest stills on their mission to continually bring new flavours and possibilities to whisky, making Glenmorangie the world's most highly awarded Highland single malt. Formula 1®, which this year celebrates 75 years as the pinnacle of motor racing, is Glenmorangie's kindred spirit. Devoted to setting new standards in performance, and with an equally proud heritage, Formula 1® is a sport based in innovation and relentless progress. Ford, who plays himself in Glenmorangie's humorous brand campaign Once Upon a Time in Scotland, marks the partnership in a new short film. And, with the same amusing understatement he uses for Glenmorangie's whisky, Ford blesses the collaboration in a word: "Nice". Glenmorangie, which strongly advocates only alcohol-free driving, will captivate racegoers with experiences and serves celebrating the partners' shared commitment to excellence, throughout the 2025 Formula 1® season. Fittingly, the partnership will be marked with a special activation at the Formula 1® FORMULA 1 QATAR AIRWAYS BRITISH GRAND PRIX 2025 at Silverstone, from July 4, 2025. As the site of the first official Formula 1 World Championship in 1950, Silverstone holds a special place in F1 heritage. There, fans will be invited to enjoy an exclusive Glenmorangie experience showcasing Glenmorangie cocktails and the exclusive Eagle Speedster Jaguar E-Type used by Harrison Ford in the whisky's brand film. Racegoers will be invited to recreate a moment from the film by taking a seat in this classic car, revered for its craftsmanship. Caspar MacRae, President and CEO of Glenmorangie, said: "I am thrilled to set in motion Glenmorangie's landmark partnership with Formula 1 – the pinnacle of motor racing. We share with F1 a great pride in our heritage and an unstoppable desire to reach new heights of excellence. We look forward to spectacular performances and imaginative serves and hope our collaboration will inspire and excite racegoers throughout Formula 1's 75th anniversary year – and beyond." Emily Prazer, Chief Commercial Officer at Formula 1, said: "As part of our 10-year deal with LVMH, we are delighted to welcome Glenmorangie from the Moët Hennessy Maisons collection as the Official Whisky of Formula 1. We have both been mastering our craft for many years, and we share a commitment to refinement and perfection delivered over time. With our mutual respect for tradition, it is absolutely fitting that we are launching our collaboration at the Formula 1 British Grand Prix at Silverstone - the circuit that hosted our first race 75 years ago - and from there around the world for many years to come." Video - - - View original content to download multimedia:
