Owner of Jim Beam, Yamazaki, Laphroaig and Courvoisier brands buys controlling stake in artisan distiller
The London gin maker Sipsmith has been swallowed up by Beam Suntory, the world’s third-largest spirits company, as it tries to tap into surging demand for handcrafted tipples.
The owner of Jim Beam, Maker’s Mark, Teacher’s and Courvoisier is thought to have paid as much as £50m to buy out Sipsmith’s shareholders, including Sam Galsworthy and Fairfax Hall, who founded the brand with Jared Brown just eight years ago.
Related: The year of gin! Spirit enjoys record sales as drinking habits change
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