Who owns Riga Black Balsam?
Riga Black Balsam is owned by Amber Beverage Group (Luxembourg).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Amber Beverage Group Annual Report 2024. Last checked .
Key facts
- Current owner
- Amber Beverage Group Holding S.à r.l. reported
- Owner HQ
- 🇱🇺 Luxembourg, Luxembourg
- Origin
- 🇱🇻 Latvia
- Founded
- 1752
- Category
- Beverages › Spirits › Liqueurs & aperitifs
- Last verified
- · 2 sources
About Riga Black Balsam
Riga Black Balsam is a Latvian herbal bitter made from 24 natural ingredients, 17 of them botanicals, including valerian, wormwood, black pepper and ginger as well as gentian and Peruvian balsamic oil. Its recipe was crafted more than 270 years ago, which makes it likely the oldest brand in its category anywhere, and it is exported to more than 35 countries. It is the largest of Amber Beverage Group's own brands by volume.
Ownership timeline of Riga Black Balsam
- Current owner Amber Beverage Group [1] reported
Where Riga Black Balsam sits in Amber Beverage Group
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Amber Beverage Group ownership tree →
See the full Amber Beverage Group brand portfolio (8) →
Other brands owned by Amber Beverage Group
Amber Beverage Group controls 8 brands on Brandtree, 8 of them in beverages.
Also in beverages
Other brands in liqueurs & aperitifs, and who owns them
The 43 brands in liqueurs & aperitifs on Brandtree belong to 26 owners. The largest is Kasapreko, with 3.
| Brand | Owner | Owner based in |
|---|---|---|
| Aperol | Campari Group | 🇳🇱 Netherlands |
| Alomo Bitters | Kasapreko | 🇬🇭 Ghana |
| Kännu Kukk | Liviko | 🇪🇪 Estonia |
| Kòfi Kòrsou | Senior & Co. | 🇨🇼 Curaçao |
| Fütyülős | Zwack Unicum | 🇭🇺 Hungary |
| Amaro di Angostura | Angostura | 🇹🇹 Trinidad and Tobago |
| Baileys | Diageo | 🇬🇧 United Kingdom |
| Joseph Cartron | GBH | 🇲🇶 Martinique |
About the owner: Amber Beverage Group
Amber Beverage Group is a privately held company headquartered in Luxembourg, Luxembourg, founded in 2014. Brandtree records 8 brands under its control.
Amber Beverage Group is a spirits company established in 2014, headquartered in Luxembourg and part of SPI Group, which also holds Stoli Group and wine and real-estate businesses. It employs more than 1,100 people across over twenty companies in the Baltic states, Austria, Australia, Germany, Ireland, Mexico and the United Kingdom, and produces at Amber Latvijas Balzams in Riga, a tequila distillery in Mexico and Walsh Whiskey in Ireland. Most of what it moves is not its own: in 2024 its own brands were 30 per cent of seven million nine-litre cases, Stoli brands 24 per cent and third-party brands the remaining 46 per cent.
Amber Beverage Group: full profile, brands and acquisition history →
🇱🇻 Riga Black Balsam and other Latvian brands
Brandtree records a controlling owner for 22 brands that began in Latvia. 11 of them (50%) are now controlled by a company headquartered in another country, Riga Black Balsam among them.
- Cido — Royal Unibrew 🇩🇰
- Cēsu Alus — Olvi 🇫🇮
- Dzintars — Rīgas Piena Kombināts 🇱🇻
- Jelgavas Cukurs — Nordzucker 🇩🇪
- Kekava Foods — Akola Group 🇱🇹
- LMT (Latvia) — Telia 🇸🇪
Frequently asked questions
Who is the parent company of Riga Black Balsam?
The parent company of Riga Black Balsam is Amber Beverage Group, a privately held company headquartered in Luxembourg.
Is Riga Black Balsam Latvian or Luxembourgish?
Riga Black Balsam originated in Latvia in 1752, but it is owned today by Amber Beverage Group, which is headquartered in Luxembourg. So Riga Black Balsam is a Latvian-origin brand under Luxembourgish ownership.
Is Riga Black Balsam still owned by Amber Beverage Group?
Yes. As of 17 September 2026, Riga Black Balsam is still owned by Amber Beverage Group. The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Amber Beverage Group Annual Report 2024 — Amber Beverage Group, Annual report; retrieved 17 September 2026.
- [2] Amber Beverage Group — Riga Black Balsam — Amber Beverage Group, Official document; retrieved 17 September 2026.
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