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The whisky crisis is rocking Scotland. A glut of unsold stock and distilleries on the brink of bankruptcy

Diageo and Pernod Ricard together control more than half the market and have the resources needed to weather the crisis. Independent producers are far more vulnerable; indeed, according to Duncan McFadzean of Noble & Co, up to a quarter of Scotland’s approximately 160 distilleries could end up being put up for sale