Company filings reveal family is now outnumbered amid speculation the drinks giant is aiming to take a majority shareholding in the company
Ten years ago, Jack and Stephen Teeling took their share of the sale of Cooley Distillery – which was acquired by drinks giant Beam for $95 million – and staked it on another whiskey venture.
They had a share of the sale proceeds and about €11 million-worth of whiskey stock – finished spirits, works in progress and raw materials – and set up the Teeling Whiskey Company. “People keep asking us why we are going back into whiskey now, so long after Cooley was set up,” Jack told the Business Post around that time. “It’s because we genuinely believe that the opportunity is bigger than it’s ever been.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Justice Committee asked to investigate blacklisted spyware company's presence in IrelandThe Oireachtas Justice Committee has been asked to investigate the presence of a spyware company in Ireland which has been blacklisted by the US government.
Read more »
UPS strike debacle reminds us how fragile supply chains remainAgreement between company and Teamsters appears to have narrowly averted industrial action
Read more »
Electronix Services aims to boost workforce and drive growthThe company is looking to double staff numbers by 2025
Read more »
Electronix Services aims to boost workforce and drive growthThe company is looking to double staff numbers by 2025
Read more »
Berkshire Hathaway’s highest quarterly results move conglomerate to almost $36bn overall profitInvestors track Warren Buffett-led company as results from group’s dozens of operating units often mirror broader economic trends
Read more »
Revealed: Exactly where the axe is falling inside Accenture’s Irish baseNews of company’s nearly nine hundred redundancies in Ireland raises fears that wave of job cuts in sector will continue
Read more »