William Grant to offload liqueurs

SCOTTISH group William Grant, makers of Glenfiddich whisky, is to offload three liqueurs for €129 million to Campari, five months after acquiring them and Tullamore Dew whiskey from C&C.

Stella David, group chief executive, described the offer from the Italian drinks company as “compelling”, but declined to say if she had initiated the sale, which will be completed on October 1.

No job losses will result from the deal.