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UKV International AG Announces Development of Whisky Storage Facility In Edinburgh

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Zurich, Switzerland–(Newsfile Corp. – March 23, 2023) – UKV International AG, a leading Swiss-based fine wine and rare whisky investment specialist, has announced the development of its state-of-the-art storage facility in Edinburgh.

Alex James, Senior Consultant of UKV International AG announced that, in line with the company’s dedication to clientele and the whisky industry, UKV is collaborating with Elite Wine and Whisky and its storage division, Elite Whisky Storage, to establish a bonded facility in Edinburgh within the coming year. This development will centralize storage for cask whisky, consolidating it under a single roof within an HMRC-regulated warehouse, as opposed to the current scattered distribution across various distilleries and bonded warehouses throughout Scotland. The establishment of this facility signifies a monumental commitment by UKV and highlights the promising outlook for all stakeholders within the whisky sector. By streamlining storage, enhancing stock tracking capabilities, and offering clients the opportunity to visit the facility, this groundbreaking initiative is poised to transform the landscape of whisky storage and management.

“It has been well documented that Scottish food and drink exports have surged an incredible 30.6% in the last year alone, a record £8.1 Billion, highlighting strong increases in India and Singapore in particular,” James added.

As part of the commitment to clients and the whisky industry, UKV is collaborating with the company’s duty representative, Elite Wine, and Whisky, and storage division, Elite Whisky Storage, to establish a new bonded facility in Edinburgh within the year. The facility will provide UKV with its HMRC-regulated storage for cask whisky and give greater control over stock tracking.

The development of this facility is a huge commitment and very exciting for everyone connected to UKV and indicates how fruitful the future looks for those involved in the whisky sector. The prospect of being able to consolidate storage facilities, provide greater control over stock tracking, and allow for client access should they wish to visit the facility will be an absolute game changer,” said James.

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The longer whisky is aged in a cask, the more refined its flavor and, consequently, its price. The price differences between 15-, 20-, and 30-year-old single malt whisky of the same brand illustrate this point. Whisky is the world’s most popular alcoholic beverage and a highly coveted commodity. Older whisky stocks are in high demand and deplete rapidly after bottling, particularly as some of the world’s largest consumer markets eliminate or reduce import tariffs and duties on whisky.

About UKV International AG

UKV International AG is a Swiss-based fine wine and rare whisky investment specialist. With a dedicated team of whisky and fine wine consultants, the company offers clients a comprehensive overview of the market and valuable insights into market trends. The company’s primary business is based on the acquisition, supply, and sale of single malt Scotch cask whisky, bonded fine wine, and champagne on behalf of private individuals and trade customers. UKV International AG also offers a full brokerage service for individuals looking to sell whisky or wine held in a UK-regulated bond.

Contact details

Alex James
[email protected]
www.ukv-international.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/159230

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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