Glenmorangie majority stake for sale

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The controlling shareholders seek to exit the business

Scotch whisky company Glenmorangie is for sale after the controlling shareholders, the Macdonald family, said they were looking to exit the business.

The family owns over 50% of the shares in the company, which sells over 2m cases a year across domestic and duty-free markets worldwide.

The distiller, which makes single malts Glenmorangie, Glen Moray and Ardbeg, has instructed financial advisers NM Rothschild to seek offers for the shares.

Brown-Forman could be one potential buyer, and already has a stake in the company. Bacardi also has a distribution agreement with the group in Europe and may be keen to add to its Scotch portfolio.