Page 14 - Drambuie case study

An additional response to the deterioration of falling sales

and revenue was in July 2002 to sell the Glenvarigill Car

Company. This after the company had experienced a four

year run of losses ending in a return to profit in 2001. It was

sold in a management buyout for £40 million on a turnover

of £100 million and was one of Scotland’s fasted growing

motor groups.