Irish whiskey investors face significant losses as a global alcohol slowdown reduces demand and prompts some promising producers to close. Millions were invested in new Irish distilleries by investors, foreign funds and banks on the assumption that whiskey would retain value and benefit from US demand. Investor panic has emerged as the industry contracts. Distillery owners remain optimistic about recovery prospects and anticipate securing a zero-for-zero tariff on spirits with the US, which could bolster exports. Owners view the current downturn as an opportunity despite financial pain among investors.
Investors in Irish whiskey distilleries are panicking as the global slowdown in alcohol continues to hammer the industry, with some of the most promising producers recently shutting up shop.
However, despite investor worries, distillery owners remain upbeat that the sector will recover as it looks to secure a zero-for-zero tariff on spirits with the US.
Millions have been piled into Ireland's new distilleries in recent years by investors, foreign funds and banks in the belief that whiskey would never depreciate and, buoyed by US demand, was effectively liquid gold.
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