Edinburgh-based Whisky Merchants Trading Limited was placed into liquidation by administrators Griffins after an estimated £80 million was raised from investors across the company’s brands.
Administrators said the collapse of the firm had left “thousands of global customers uncertain of their asset ownership”, as first reported by The Herald.
The business operated brands like Braeburn Whisky and Cask 88 and entered into administration due to mounting debts and rapid expansion costs.
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Administrators confirmed in recent documents submitted to Companies House that the cask investment business was rescued following the sale of…