{"id":16557,"date":"2021-07-27T04:00:00","date_gmt":"2021-07-27T04:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/07\/27\/hong-kong-based-rare-whisky-holdings-agrees-investment-deal-with-scottish-whisky-auction-house-whisky-hammer\/"},"modified":"2021-07-27T04:00:00","modified_gmt":"2021-07-27T04:00:00","slug":"hong-kong-based-rare-whisky-holdings-agrees-investment-deal-with-scottish-whisky-auction-house-whisky-hammer","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/07\/27\/hong-kong-based-rare-whisky-holdings-agrees-investment-deal-with-scottish-whisky-auction-house-whisky-hammer\/","title":{"rendered":"Hong Kong based Rare Whisky Holdings agrees investment deal with Scottish whisky auction house Whisky Hammer"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\"><!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p>HONG KONG SAR &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 27 July 2021 &#8211;\u00a0Rare Whisky Holdings, a whisky investment&#13;<br \/>\ngroup managed out of Hong Kong has bought a 49% stake of the online whisky&#13;<br \/>\nauction site, <a href=\"https:\/\/www.whiskyhammer.com\/\">Whisky Hammer<\/a>, and&#13;<br \/>\nits sister ecommerce business <a href=\"https:\/\/www.stillspirit.co.uk\/\">Still&#13;<br \/>\nSpirit<\/a>, paving the way for global expansion of the family run Scottish&#13;<br \/>\nbusiness.<\/p>\n<p style=\"text-align: center\"><img src=\"https:\/\/release.media-outreach.com\/release.php\/Images\/Thumb\/500x0\/165620\/whisky.jpg#image-165620\" width=\"500\"\/><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<h5 style=\"text-align: center\"><span style=\"font-weight: normal\">Li Hau TAN and&#13;<br \/>\nRickesh Kishnani, co-founders of Rare Whisky Holdings<\/span><\/h5>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Rickesh Kishnani, co-founder of Rare Whisky Holdings is the&#13;<br \/>\nentrepreneur behind the successful Platinum Whisky Investment Fund, the first&#13;<br \/>\nprivate equity fund in the world to focus on rare single-malt whiskies. The&#13;<br \/>\nPlatinum Whisky Fund originally launched in 2014 in Hong Kong, raised USD 12&#13;<br \/>\nmillion and is in the final stage of its wind down, exiting at over USD 24&#13;<br \/>\nmillion.<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Rare Whisky Holdings also owns The Glenor Cask Company, which holds&#13;<br \/>\nover 1,000 casks of maturing Scotch whisky from a range of top distillery&#13;<br \/>\nbrands. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Private whisky cask ownership has grown in popularity in the past two&#13;<br \/>\nyears, particularly in Hong Kong and Singapore, with many private clients&#13;<br \/>\nchoosing to buy a cask of whisky from a special vintage to store for the long&#13;<br \/>\nterm or to have their own private bottling to use for gifting. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>The multi-million-dollar investment and partnership will provide&#13;<br \/>\nregistered members of Whisky Hammer and Still Spirit exclusive access to a full&#13;<br \/>\nrange of cask opportunities. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Whisky Hammer was started in 2016 by brothers Daniel and Craig Milne&#13;<br \/>\nwho are originally from Macduff, near Speyside in Scotland, famous for the&#13;<br \/>\nproduction of single malt whiskies such as The Macallan, Glenlivet, and&#13;<br \/>\nBalvenie.<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Whisky Hammer hosts monthly&#13;<br \/>\nonline auctions, dedicated to whisky and other fine spirits, drawing customers&#13;<br \/>\nfrom every corner of the globe. It has auctioned a wide range of&#13;<br \/>\nwhiskies,\u00a0both bottles and casks,\u00a0with auctions\u00a0selling in&#13;<br \/>\nexcess of \u00a31 million under the hammer each month. \u00a0<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>A recent feature included the&#13;<br \/>\n31-Year-Old\u00a0Black Bowmore\u00a0&#8216;DB5&#8217; collaboration with Aston Martin,&#13;<br \/>\ndistilled in 1964 and sold for a hammer price of \u00a381,000 in March 2021. \u00a0<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>The customer base of&#13;<br \/>\nWhisky\u00a0Hammer is an extensive global network of whisky enthusiasts who buy&#13;<br \/>\nand sell on the platform, resulting in a 70% growth in revenue in 2020. One&#13;<br \/>\nmain driver of this growth has been customers from Asia, growing by 64%&#13;<br \/>\nannually, with Hong Kong, Singapore, and Taiwan leading the way. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Whisky Hammer re-located in 2019&#13;<br \/>\nto a new, purpose-built facility in Aberdeenshire, which is also home to Still&#13;<br \/>\nSpirit &#8211; a whisky shop, e-commerce site and dram bar offering over 100 rare&#13;<br \/>\nwhiskies to taste while overlooking the beautiful Scottish countryside. Rare&#13;<br \/>\nWhisky Holdings will be providing Asian customers with customized VIP whisky&#13;<br \/>\ntrips to Scotland starting in 2022.<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p><b>Rickesh Kishnani, Co-Founder&#13;<br \/>\nof Rare Whisky Holdings commented <\/b>&#8220;Our investment group is proud to join the Milne family&#13;<br \/>\nbusiness and help with their expansion to Asia, where the demand for whisky&#13;<br \/>\ncontinues to grow at a rapid pace. We are also excited to use this new&#13;<br \/>\npartnership to provide Whisky Hammer and Still Spirit members with exclusive&#13;<br \/>\naccess to our collection of aged casks.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p><b>Daniel Milne, Managing&#13;<br \/>\nDirector of Whisky Hammer and Still Spirit said<\/b>: &#8220;This is a very exciting&#13;<br \/>\ntime for our business. The transaction signifies an important bond with our new&#13;<br \/>\npartner that will rapidly bring the group a much larger presence across Asia as&#13;<br \/>\nwell as exclusive access to casks for our members.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Legal&#13;<br \/>\nsupport was provided for the transaction by Goodwin Proctor LLP (acting on&#13;<br \/>\nbehalf of the buyer) and Brodies LLP (acting on behalf of the sellers).<\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p>Follow Whisky Hammer on @whiskyhammer on <a href=\"https:\/\/www.facebook.com\/whiskyhammer\">Facebook<\/a> and <a href=\"https:\/\/www.instagram.com\/whiskyhammer\/\">Instagram<\/a>.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>#RareWhiskyHoldings #WhiskyHammer<\/p>\n<\/p><\/div>\n<p><script async defer src=\"https:\/\/platform.instagram.com\/en_US\/embeds.js\"><\/script><br \/>\n<br \/>\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-07-27\/87787\/hong-kong-based-rare-whisky-holdings-agrees-investment-deal-with-scottish-whisky-auction-house-whisky-hammer\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG SAR &#8211;\u00a0Media OutReach\u00a0&#8211; 27 July 2021 &#8211;\u00a0Rare Whisky Holdings, a whisky investment&#13; group managed out of Hong Kong has bought a 49% stake of the online whisky&#13; auction site, Whisky Hammer, and&#13; its sister ecommerce business Still&#13; Spirit, paving the way for global expansion of the family run Scottish&#13; business. &#13; &#13; Li &hellip;<\/p>\n","protected":false},"author":1,"featured_media":16558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16557"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16557"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16557\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/16558"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}