But its links with Remy- Cointreau, in which it has in effect a 25 per cent stake, have brought whisky galore to the Gauls, and the company is extremely well managed. It also owns 35 per cent of Robertson & Baxter, which has just made a joint bid with Grand Metropolitan to buy North British Distillery. None of the costs of the bid fall on Highland.
Tomorrow, the company is expected to turn in pre-tax profits of about pounds 39m, up substantially on pounds 28.8m last year. This may sound like cause for a snifter, but the shares are only a hold: Scottish whisky will continue to see adverse conditions for a while yet.Reuse content