For a whisky that was only $70 six months ago, that's a massive hike.
$108 Australian = 45 pounds stirling = US$78.
(Sorry Canadian friends, I don't know our exchange rate with Canada right now).
What is Cragganmore retailing for in your neck of the woods?
Is this Diageo just getting greedy?
I can understand the price jump for Lagavulin, given its recent shortage and the current overwhelming demand. Even Oban jumped up a few dollars, but it is a 14 year old.
So why does a 12yo Cragganmore suddenly get elevated to be this country's most expensive 12yo malt? Are all the Classic Malts getting this treatment?
The Cragganmore is actually one of the more reasonable priced whiskies in my whereabouts at GBP 36,- Canadian $ 78,- US $ 62,- Euro 52,- or Australian $ 85,-.
Haven't tasted it yet but most people here appreciate it highly it seems - so I might have to get it soon!
......ok it's bad!
The LCBO list theCragganmore 12yr old @ $64.95cdn and have a Cragganmore Hogshead 14 yr old 1989 @ $84.95cdn. In Alberta a bottle of the 12yr old can be had for $45cdn. The Calgary Stampede is on this time of year. Cheep whisky, cowboys and itchy-bums, loose women and lots of beer.........Yeeeehaw!
I guess it can't be all that bad in Aussie land with all of that wonderfull vino that you have over there.
"CHANGING European drinking habits are to blame for a second-half slowdown at Diageo, a spokesman for the world's largest drinks company said yesterday in a trading update.
In response, the company said it would be looking to increase margins by raising prices and increasing efficiencies in the coming year. A spokeswoman said the price rises would take effect from August and would be introduced market by market and brand by brand. (...)"
So our Antipodians have to suffer first as it seems because we Europeans haven't come up to expectations - sorry!
At second thought considering the change in at least my drinking habits over the last year or so one would expect that Diageo would've had published decidedly better figures...
http://business.scotsman.com/agricultur ... =756612005
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