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|---|---|
| Former whisky shop worker returns to buy company | Former whisky shop worker returns to buy company |
| (4 months later) | |
| Iain McClune once worked as a sales assistant at Royal Mile Whiskies | Iain McClune once worked as a sales assistant at Royal Mile Whiskies |
| A Scotch whisky entrepreneur is buying the business that launched his career in the spirits industry. | A Scotch whisky entrepreneur is buying the business that launched his career in the spirits industry. |
| Iain McClune has agreed to purchase the firm behind Edinburgh-based whisky merchant Royal Mile Whiskies (RMW) for an undisclosed sum. | Iain McClune has agreed to purchase the firm behind Edinburgh-based whisky merchant Royal Mile Whiskies (RMW) for an undisclosed sum. |
| Mr McClune started at the retailer as a sales assistant in 2006 while studying at university. | Mr McClune started at the retailer as a sales assistant in 2006 while studying at university. |
| He later became manager of the business before founding Perth-based auction platform Whisky Auctioneer in 2013. | He later became manager of the business before founding Perth-based auction platform Whisky Auctioneer in 2013. |
| Read more stories on Scottish business | Read more stories on Scottish business |
| The latest headlines from Scotland | The latest headlines from Scotland |
| The purchase of RMW's parent company, Dormant Distillery Company, includes two other businesses - Drinkmonger and The Cigar Box. | The purchase of RMW's parent company, Dormant Distillery Company, includes two other businesses - Drinkmonger and The Cigar Box. |
| The acquisition is being made through Mr McClune's investment company Vintage Saga, which includes Whisky Auctioneer, Wine Auctioneer, Rum Auctioneer and Bright Spirits. | The acquisition is being made through Mr McClune's investment company Vintage Saga, which includes Whisky Auctioneer, Wine Auctioneer, Rum Auctioneer and Bright Spirits. |
| Royal Mile Whiskies, Drinkmonger and The Cigar Box will all be retained, owned and operated in Scotland as part of the deal. | Royal Mile Whiskies, Drinkmonger and The Cigar Box will all be retained, owned and operated in Scotland as part of the deal. |
| Royal Mile Whiskies is based in the capital | Royal Mile Whiskies is based in the capital |
| Mr McClune becomes the second former employee of Royal Mile Whiskies to return as owner of the business. | Mr McClune becomes the second former employee of Royal Mile Whiskies to return as owner of the business. |
| Dormant Distillery Company (DDC) founder Keir Sword purchased the shop in 1997, having worked there for several summers in his student days in the mid-1990s. | Dormant Distillery Company (DDC) founder Keir Sword purchased the shop in 1997, having worked there for several summers in his student days in the mid-1990s. |
| Mr Sword said: "As a former employee who myself returned to buy Royal Mile Whiskies, it is greatly satisfying to pass the baton on to one of our own, who shares my vision for the business and I trust to carry on our values." | Mr Sword said: "As a former employee who myself returned to buy Royal Mile Whiskies, it is greatly satisfying to pass the baton on to one of our own, who shares my vision for the business and I trust to carry on our values." |
| Mr McClune said he was "excited" to be part of the team at DDC again. | Mr McClune said he was "excited" to be part of the team at DDC again. |
| As part of Vintage Saga, DDC will continue to operate independently from other businesses within the group. | As part of Vintage Saga, DDC will continue to operate independently from other businesses within the group. |
| Arthur Motley, who has worked alongside Mr Sword for more than 20 years, will become DDC's managing director. | Arthur Motley, who has worked alongside Mr Sword for more than 20 years, will become DDC's managing director. |
| Related Topics | |
| Edinburgh | |
| Scotch whisky | |
| Perth | |
| Scotland business |
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