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Whyte & Mackay
Whyte & Mackay Ltd is a company producing alcoholic beverages based in Glasgow, Scotland. The company is a subsidiary of Alliance Global Group, one of the largest alcoholic-beverage companies in Southeast Asia.
Charles Mackay (1850–1919) and James Whyte founded a company as whisky merchants and bonded warehousemen in Glasgow in 1882. W&M Special was their first blended whisky and it was successful in the United Kingdom and other English speaking countries. After World War II the company focused on the home market and now sell more than 1 million cases a year.
The Company was purchased by Hugh Fraser's SUITS group in 1971. SUITS was acquired by Lonrho in 1981 and subsequently Whyte & Mackay was sold to Brent Walker in 1988 and then to American Brands in 1990, which was renamed as Fortune Brands in 1997.
In 2001 Fortune Brands sold Whyte & Mackay to its management for £208 million in a deal part-financed by brothers Robert Tchenguiz and Vincent Tchenguiz and brother-in-law Vivian Imerman and a £190 million loan from German investment bank WestLB. Initially chairman then CEO, Imerman instituted an aggressive cost-cutting programme and bought out 60 shareholder employees before, in 2005, purchasing the remaining interests in the firm with the Tchenguiz brothers. In 2007, they sold the company to Indian-based United Spirits Limited for £595 million.
In August 2013, key members of United Spirits Limited (USL), a subsidiary of United Breweries that owned Whyte & Mackay, resigned from positions at Whyte & Mackay in the wake of the purchase of a controlling share of USL by Diageo, including USL Chairman Vijay Mallya, Whyte & Mackay CEO John Beard, and director Ayani Nedungadi. Regulators in the UK were investigating whether to force United to divest itself of Whyte & Mackay before the sale due to anti-trust concerns over Diageo's dominant position in Scotch whisky production. On 16 September 2013, Whyte & Mackay appointed Bryan Donaghey as its new CEO. Donaghey formerly served as managing director of Diageo for Scotland and prior to Diageo held posts within the Scotch Whisky Association.
On 31 October 2014, the India-based United Spirits sold Whyte & Mackay for £430 million to the Philippines-based Alliance Global Group and controlled by the group beverage production arm, Emperador Inc.
In 2024 the company recorded record pre-tax profits of £96M, mainly down to the success of The Dalmore. As of 2024, the company's assets sat at £1billion.
In October 2011, Whyte & Mackay formed an import company in the U.S.—Whyte & Mackay Americas—to handle its portfolio in the U.S. market with products including the Jura, The Dalmore, Cluny, John Barr, Glen Salen, Whyte & Mackay and Mackinlay's whisky brands, as well as Glayva Liqueur, Snow Leopard and Pinky vodkas in the U.S.
Whyte & Mackay
Whyte & Mackay Ltd is a company producing alcoholic beverages based in Glasgow, Scotland. The company is a subsidiary of Alliance Global Group, one of the largest alcoholic-beverage companies in Southeast Asia.
Charles Mackay (1850–1919) and James Whyte founded a company as whisky merchants and bonded warehousemen in Glasgow in 1882. W&M Special was their first blended whisky and it was successful in the United Kingdom and other English speaking countries. After World War II the company focused on the home market and now sell more than 1 million cases a year.
The Company was purchased by Hugh Fraser's SUITS group in 1971. SUITS was acquired by Lonrho in 1981 and subsequently Whyte & Mackay was sold to Brent Walker in 1988 and then to American Brands in 1990, which was renamed as Fortune Brands in 1997.
In 2001 Fortune Brands sold Whyte & Mackay to its management for £208 million in a deal part-financed by brothers Robert Tchenguiz and Vincent Tchenguiz and brother-in-law Vivian Imerman and a £190 million loan from German investment bank WestLB. Initially chairman then CEO, Imerman instituted an aggressive cost-cutting programme and bought out 60 shareholder employees before, in 2005, purchasing the remaining interests in the firm with the Tchenguiz brothers. In 2007, they sold the company to Indian-based United Spirits Limited for £595 million.
In August 2013, key members of United Spirits Limited (USL), a subsidiary of United Breweries that owned Whyte & Mackay, resigned from positions at Whyte & Mackay in the wake of the purchase of a controlling share of USL by Diageo, including USL Chairman Vijay Mallya, Whyte & Mackay CEO John Beard, and director Ayani Nedungadi. Regulators in the UK were investigating whether to force United to divest itself of Whyte & Mackay before the sale due to anti-trust concerns over Diageo's dominant position in Scotch whisky production. On 16 September 2013, Whyte & Mackay appointed Bryan Donaghey as its new CEO. Donaghey formerly served as managing director of Diageo for Scotland and prior to Diageo held posts within the Scotch Whisky Association.
On 31 October 2014, the India-based United Spirits sold Whyte & Mackay for £430 million to the Philippines-based Alliance Global Group and controlled by the group beverage production arm, Emperador Inc.
In 2024 the company recorded record pre-tax profits of £96M, mainly down to the success of The Dalmore. As of 2024, the company's assets sat at £1billion.
In October 2011, Whyte & Mackay formed an import company in the U.S.—Whyte & Mackay Americas—to handle its portfolio in the U.S. market with products including the Jura, The Dalmore, Cluny, John Barr, Glen Salen, Whyte & Mackay and Mackinlay's whisky brands, as well as Glayva Liqueur, Snow Leopard and Pinky vodkas in the U.S.