Nick Brown wrote:If people don't like discussions then a forum may not be the best place for them.
Nick Brown wrote:I still contend that companies exist to make things - and that's how they make their profit. If they decide to stop making things it is (according to conventional wisdom) a sign that one of three things is happening:
they are no longer profitable
they have serious cash flow problems
they are looking to leave the business
MrTattieHeid wrote:...or they have decided that this is not a good moment to be making things, there are plenty of things in the warehouse, for the time being their energies are better directed elsewhere.
FeisIslay wrote:Has anyone bothered to phone them??
Nick Brown wrote:The Springbank decision looks like selling off assets rather than consolidating them. I can't see a cessation in all production as being a prudent strategy unless you are looking to leave the industry altogether - or unless you have a very dire cashflow crisis.
Nick Brown wrote:Right now, the problem is that there is a mismatch between what Springbank is doing and their explanation for it. Whenever that happens, people will start to surmise the truth. And it's not just me that will be doing that, either.
Nick Brown wrote:A distillery's main assest is its stock of maturing whisky. If it is going to sell stock and not replace it with new stock, then it is selling off assets.
MrTattieHeid wrote:Nick Brown wrote:A distillery's main assest is its stock of maturing whisky. If it is going to sell stock and not replace it with new stock, then it is selling off assets.
What a strange way of looking at it...would it be more fiscally prudent of them to stop welling whisky immediately?
Newbie wrote:I am not looking to attack you
weetoon1 wrote:Glenmorangie going Bust!
Glen Moray Distillery to be sold
Broxburn to be sold to dayglo.. Redundancies !
Odd company run by Odd people, maybe they just couldn't be bottered.
Sorry got it wrong this is a £45million investment?
MrTattieHeid wrote: Take a chill pill, everybody.
Nick Brown wrote:Newbie wrote:I am not looking to attack you
Yes you are
Nick Brown wrote:, but you'd miss me if I weren't here.
kallaskander wrote:Hi there,
a little hard data.
John Hansell of Maltadvocate has a statement of Henry Preiss, US importer of Springbank that we should take to heart.
Not sure this leads you straight to the comments. So if it does not please make the effort.
Click on the heading "Springbank, Glengyle shutting down?"
Collector57 wrote:les taylor wrote:Nick Brown wrote:, but you'd miss me if I weren't here.
Nick that's true. I don't want to appear gushy but I do enjoy reading your deliberations. Very informative and interesting.
That's true too Les. I just wish he'd take his black hat off and get a nice shiny orange one.
I_SPEY wrote:I read it, kallaskander. Interesting!
What's more interesting for me is, that story above Springbank!
Iain wrote:"Cuvee"? ? Is that a vat? Has Laddie been purchased by LVMH and relocated to France?