The owner of The Scotch Malt Whisky Society (SMWS) is considering flotation on the AIM market following a 3% rise in revenues to £15m. Artisanal Spirits Company (ASC) has appointed investment bank N+1 Singer to help it to explore its funding options for an initial public offering (IPO). The IPO is expected to allow private equity firms reduce their stakes as well as
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The prolonged coronavirus crisis is slowly but surely reframing the once-familiar habits of people getting together in bars and pubs, chatting and hobnobbing, quaffing precious glasses of beer. Beermakers are also seeing more people distance themselves from drinking alcoholic beverages, compounding the forced contraction of the market caused by the pandemic. Breweries have been trying to navigate through this by
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Influential beer writer Jeff Allworth was surprised and impressed when he visited Maine back in 2014. The state possessed “arguably the richest vein of good beer in the country,” he wrote, suggesting that pioneers Geary’s and Allagash had laid the groundwork for a drinking culture in which experimentation and variety was the norm. “In regions with immature beer cultures, new
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