Noble & Co

We are delighted to share that we are now recruiting for an Analyst to join our Corporate Finance team. Please see the attachment for the job description. To apply, please follow this link https://wkf.ms/3PKwYnk

We are pleased to announce the appointment of Duncan McFadzean as Chief Executive of Noble & Company. Duncan has been with the company for 12 years and has led multiple advisory mandates in the drinks sector, as well as across other industries. He succeeds Angus Macpherson who will remain actively involved in Noble & Company as Chairman. We look forward to continuing to advise our clients in Scotland and internationally during 2025.

2024 was a mixed year for whisky auctions: just 9 distilleries with over 100 bottles sold saw volume growth, led by Longmorn, Brora, Jura, and Glen Moray, each up 25%+. Meanwhile, 49 distilleries saw declines. The Macallan remains king, selling 1.5x more bottles than runner-up Springbank and breaking the 10,000-bottle mark yet again. Find out more here: https://lnkd.in/e4dj6pjx

Sales of fine and rare single malts – whisky fetching over £1,000 at auction – have dropped 34% in volume and 40% in value. The decline points to a cocktail of challenges: global economic uncertainty, inflation, rising taxes, and looming US tariffs. Is the world losing its taste for luxury whisky? Read the whole report here: https://lnkd.in/e4dj6pjx

This year’s Whisky Intelligence report uncovers a 16% drop in global secondary whisky sales, with the average auction price per bottle dropping from £370 to £363. The whisky market is now in decline, with no sign of an upturn yet. Read the whole report here: https://lnkd.in/e4dj6pjx

2024 Fine & Rare Whisky Market Review: A Year of Challenges The fine and rare whisky auction market has faced significant headwinds in 2024, with macroeconomic pressures, high inflation, and cautious consumer spending reshaping the landscape. Here are the key insights from our latest Noble & Co Whisky Intelligence Report: Market Trends: Volume transacted in our dataset was down by 16% over the twelve months and value transacted was down by 18% over the same period, mirroring struggles seen in other luxury assets. In the period up to the end of September 2024 the data has not shown a slowing rate of decline. Lower-priced bottles (<£1,000) proved relatively more resilient as buyers traded down, while the premium segment (>£10,000) saw sharper declines as sellers held back bottles and buyers exercised caution. However, almost every part of the market declined. We interviewed industry experts Jonny Fowle and Isabel Graham-Yooll for their insights. At a brand level, we saw declines across almost every brand by total value transacted. The most popular brands in the secondary market remain The Macallan, #Springbank and #Bowmore. Regionally, Speyside dominates the market with 59% of total value transacted but experienced a 27% drop in volume. Islay and Campbeltown remain popular but also fell. Read the full report for a deeper dive into these insights, performance by price point and a look at the league tables for brands. https://lnkd.in/e_3ASNh3 Our thanks to Sotheby's Bonhams The Macallan Aste Bolaffi Christie's Scotch Whisky Auctions Ltd Prestige Whisky Auction Ltd Speyside Whisky Auctions Limited Glenkeir Whiskies Ltd Whisky.Auction Thought Collective #WhiskyMarket #FineAndRareWhisky #Secondarymarket #Auctions #MarketTrends

We’re pleased to announce the release of our eighth Noble & Co Whisky Intelligence Report, developed in partnership with Brainnwave. This quarterly update provides a comprehensive analysis of the fine and rare whisky auction market. Our takeaways: - Auction Market Challenges: Total value and volumes fell by 50% over the period versus the same period last year, with declines across all price segments. - Shifting Buyer Behaviour: Bottles auctioned for under £1,000 now account for 51% of total value transacted, up from 43% last year. - Savvy Collectors: Bottles over 50 years old saw a significant increase in the volumes remaining unsold, reflecting collector caution and signs of them holding on until better times return. - Price Drops: Average bottle prices fell 19% year-on-year, with volume declines driving down market values. A large part of this is due to the shift to higher volumes at lower prices. - Market Resilience: Despite the downturn, Glenfarclas and Port Ellen showed positive growth, while The Macallan retained its dominant brand market share, albeit with a 34% decline in absolute value transacted. As we look ahead, we’re closely monitoring the macroeconomic environment to gauge the potential for market recovery. For a full breakdown of these trends, download the report. 🔗https://lnkd.in/eBTmR3ew Our thanks to those that supported the publication of this report: The Macallan Scotch Whisky Auctions Ltd Sotheby's Bonhams Aste Bolaffi MALTDAQ Just Whisky Auctions Speyside Whisky Auctions Limited Prestige Whisky Auction Ltd Whisky.Auction Glenkeir Whiskies Ltd Thought Collective Martha Moger #WhiskyMarket #AuctionTrends #WhiskyIntelligenceReport #WhiskyCollecting #NobleAndCo #Brainnwave #FineAndRareWhisky

We are delighted to have advised Ascensos on its sale to Firstsource. Our congratulations to Dermot Jenkinson John Devlin Martin Shand and Oliver Jenkinson on completion of the transaction and finding an excellent partner for the next step of the Ascensos journey. #M&A #Advisory #Scotland #CrossBorder

We are delighted to have advised The Borders Distillery as it secured this funding from Ferovinum.