Glenmorangie yesterday stood by its sponsorship of golf’s Open Championship despite this summer’s row over event organiser the Royal & Ancient allowing men-only clubs to host the tournament.
First Minister Alex Salmond refused to visit last month’s contest at Muirfield in East Lothian, where Glenmorangie was the “Spirit of the Open”.
A company spokesman said: “We are in the middle of a three-year partnership as the official ‘Spirit of the Open’. We look forward to continuing this successful sponsorship.”
The comments came as accounts filed at Companies House revealed that pre-tax profits at Glenmorangie rose to £13.1 million in 2012 from £10.8m in 2011, on the back of turnover increasing to £66.2m from £59.8m.
Writing in the directors’ report, company secretary Martha Fleming hailed the success of the Open sponsorship and a deal to bring on board golfers Sir Nick Faldo and Tony Jacklin as “ambassadors” to promote its Scotch.
The Edinburgh-based firm, which was taken over by French luxury goods giant Louis Vuitton Moët Hennessy (LVMH) in 2005, said the marketing drive had been particularly successful in Asia and the United States.
Both Glenmorangie and sister brand Ardbeg benefited from the launch of further limited edition bottlings.
The company grew its headcount to 214 from 198, but refused to explain why the remuneration package for its highest-paid director had dropped to just £406,000 from £1.7m. Paul Skipworth replaced Paul Neep as president and managing director in 2011.