Lalique Group announces acquisition of 50% of The Glenturret super premium single malt whisky and Scotland’s oldest distillery, further expanding its luxury goods business

Zurich, 29 March 2019 – Lalique Group SA (SIX: LLQ), which is active in the creation, development, marketing and worldwide distribution of luxury goods, today announced the acquisition of The Glenturret, Scotland’s oldest single malt whisky distillery, through a joint venture in which Lalique Group and Swiss entrepreneur Hansjörg Wyss each hold 50%. Lalique Group will fully consolidate and will further develop the Glenturret business by leveraging both brands and its international network, as well as implementing joint initiatives in product design, distribution and hospitality. The transaction, with a purchase price of GBP 15.5 million for Lalique Group’s 50% stake, closed on 28 March 2019.