Diageo Settles Disputes With Rapper Diddy

[ad_1] Jan. 16, 2024 10:24 am ET Diageo said it has reached an agreement with Sean “Diddy” Combs, after the rapper accused the group of racial discrimination and alleged it…

Cognac Sets the EV Trade War Alight

[ad_1] Volkswagen and Stellantis might turn out to be bigger victims of China’s investigation into European liquor than Rémy Cointreau and Pernod Ricard. Beijing has launched an antidumping probe into…

Guinness Maker’s Morning After Offers Little Reassurance

[ad_1] Global liquor giant Diageo is reeling from the sudden death of its longtime chief executive in June followed by a profit warning last week that tanked the stock.  But…

Can Tequila Really Go Global? This Booze Boss Is Giving It a Shot

[ad_1] Updated Nov. 14, 2023 12:01 am ET Listen to article (1 minute) LONDON—Shortly after taking the helm at the world’s largest spirits maker, Diageo CEO Debra Crew made a…

Bacardi’s Russia Business Grows as Other Booze Makers Leave Country

[ad_1] The owner of Grey Goose vodka and Bacardi rum is hiring staff and shipping millions of dollars of products to the market. [ad_2] Source link

Americans’ Thirst for Diageo’s High-End Spirits Slows

[ad_1] The owner of Johnnie Walker scotch said sales of its $50-a-bottle liquor are growing more slowly as pandemic-era spending patterns fade. [ad_2] Source link

Diageo FY 2023 Pretax Profit Rose; Backs Medium-Term Guidance

[ad_1] Diageo reported profits and sales for fiscal 2023 that came in below expectations, despite abaove-consensus organic net sales growth of 6.5%, and confirmed its 2023-25 projections for sales and…

Diageo to Cut Ties With Diddy After Lawsuit

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Ivan Menezes, Longtime CEO of Guinness Maker Diageo, Dies at 63

[ad_1] Ivan Menezes is credited with growing the drinks company significantly since he became CEO in July 2013, with Diageo now selling around 200 brands in more than 180 markets.…

Diageo to Buy Premium Rum Brand Don Papa

[ad_1] The liquor giant has agreed to buy Don Papa Rum in a deal worth up to about $473 million. [ad_2] Source link