With the Suntory-Beam/Beam-Suntory deal now complete, sources are telling Reuters that Suntory plans to sell $8 billion in debt to finance the purchase of the company. Elsewhere, Chuck Cowdery looks into his crystal ball to figure out what exactly the whole deal will mean for the corporate culture of both companies, and what the future may hold for us.
In other bourbon news, the Courier Journal reports there’s a new distillery opening shortly along the Bourbon Trail. New Riff distillery will be a bit out of the ways in Northern Kentucky, but looks to be a bit different from most of the folks on both the traditional and craft bourbon trails. Across the Commonwealth, Janet Patton reports there’s a new buyer for the Charles Medley distillery. South Carolina’s TerrePure is looking to invest $23 million over the next year and a half to bring the distillery back to life. This coming on the heels of a potential overhaul of the old Taylor distillery, it seems as if the ghosts of Kentucky past are coming back to life.
With its lawsuit with the Explorer’s Club still pending, Johnnie Walker/Diageo is once again revamping the ultra-super-mega-premium range to present its Premium Collection. This expression will be released annually with a limited offering of 8,888 bottles at a cost of about $740. Of course, one is simply not going to be able to roll down to the corner store to get their bottle. It will only be available in Singapore Changi Airport through May, and most of Asia-Pacific travel retail outlets in early summer. This move makes sense for Diageo, as it tries to somehow recover the losses of last quarter in the Chinese market due to the government crackdown on extravagant gifts and offerings at functions. [Moodie]
For those who have significant amounts of money to burn, an insane Maccallan collection collected over the last 50 years by an Italian restaurant owner will find itself on the auction block at McTear’s next Wednesday. The full collection runs over 400 bottles, wirh the first 164 up for sale in this round. [Glasgow]
And finally today, Joshua Feldman over at the Coopered Tot has been doing some outstanding historical research on old whiskey advertisements. Recent posts on women, racism, and male intimacy in advertising over the past century has been worthy of peer review in scholarly journals, so why not whiskey? Well researched and worth the time to read all three in the series. [Coopered Tot]