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Tag "Diageo"

Strong Full Year Performance From Diageo

    Strong Full Year Performance From Diageo

Strong performances in emerging markets have helped Diageo to achieve organic growth of 6% in net sales to £10.76 billion and 9% in operating profit before exceptional items to £3.20 billion for the year ended 30 June 2012, with the margin improving by 60 basis points. Free cash flow was £1.6 billion.
During the year, Diageo […]

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Guinness Launches New Global Advert For Arthur’s Day

    Guinness Launches New Global Advert For Arthur’s Day

Diageo, owners of Guinness, has unveiled a new global advert to launch the iconic beer brand’s annual Arthur’s Day celebrations. The new creative entitled ‘Paint The Town Black’ is being previewed exclusively on the Guinness Facebook page from 16 August and have its global TV premiere inIrelandon the 19 August.
The ad itself is inspired by […]

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Diageo Launches Chinese White Spirit Shui Jing Fang into GB Market

    Diageo Launches Chinese White Spirit Shui Jing Fang into GB Market

Diageo has launched Chinese white spirit brand, Shui Jing Fang, into the GB domestic market. Great Britain is the first European market to stock Shui Jing Fang as part of Diageo’s strategy to build it as an internationally recognised brand.
Shui Jing Fang will be distributed throughout the UK by SeeWoo, a leading specialist Oriental food […]

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Diageo Tops Food and Beverage Sector in FTSE4GOOD Index

    Diageo Tops Food and Beverage Sector in FTSE4GOOD Index

Diageo has further strengthened its sustainability credentials by topping the food and beverage sector in the FTSE4GOOD index 2012. The index, which is designed to objectively measure the performance of companies that meet globally recognised corporate responsibility standards, saw Diageo’s score of 4.8 out of 5 beat a prestigious group of companies from the food […]

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Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

    Diageo Gains Regulatory Approval For £630 Million Chinese Acquisition

Diageo has received Chinese regulatory clearance to acquire the outstanding shares of Sichuan Shuijingfang Co for £630 million. ShuiJingFang is one of the largest super premium Chinese white spirits brand by volume in China. The company is listed on the Shanghai Stock Exchange.
Diageo made its first 43% investment in February 2007 and increased its shareholding […]

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Diageo Planning £150 Million Scotch Whisky Project

    Diageo Planning £150 Million Scotch Whisky Project

Diageo is planning to develop new warehouse storage facilities for Scotch whisky at Cluny in Fife, costing in the region of £150 million. The world’s largest spirits producer is reported to be seeking permission from Fife Council to construct 46 warehouses for the maturation of Scotch whisky stocks in line with the continued expansion of […]

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Diageo Appoints Ivan Menezes as Chief Operating Officer

    Diageo Appoints Ivan Menezes as Chief Operating Officer

Diageo has appointed Ivan Menezes (pictured) as chief operating officer. Ivan Menezes has been promoted from his position as president Diageo North America and chairman of Diageo Asia Pacific and Diageo Latin America & Caribbean.
As chief operating officer, Ivan Menezes will lead Diageo’s operating businesses globally adding responsibility for Europe and Africa to his current responsibility […]

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Diageo Delivers Solid Interim Performance

    Diageo Delivers Solid Interim Performance

Helped by strong growth in emerging markets and a recovery in some developed markets, Diageo has reported an 8% growth in operating profit before exceptionals to £1.87 billion on net sales up 8% to £5.76 billion for the six months ended 31st December 2011. Volume growth was 3% and organic net sales growth was 7%, […]

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Diageo to Invest €153 Million in Dublin Brewery

    Diageo to Invest €153 Million in Dublin Brewery

Diageo is to make a capital investment of Eur153 million in a brewing centre of excellence at its famous St James’s Gate site in Dublin. The decision follows a major review looking at how Diageo can best ensure the long term sustainability of its brewing operations in Ireland.
The capital investment programme will result in a […]

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Diageo Completes $225 Million Acquisition of Ethiopian Brewer

    Diageo Completes $225 Million Acquisition of Ethiopian Brewer

Diageo has completed the acquisition of Meta Brewery, a leading beer company in Ethiopia, for a cash consideration of $225 million, subject to customary post completion adjustments. The acquisition concludes a competitive tender process held by the Privatization and Public Enterprises Supervising Authority on behalf of the Government of Ethiopia.
The acquisition represents a key milestone […]

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Diageo Opens £10 Million Cooperage in Scotland

    Diageo Opens £10 Million Cooperage in Scotland

Diageo has officially opened the first new cooperage to be built in Scotland for decades. The new Diageo Cambus Cooperage near Alloa has been custom designed in close co-operation with the company’s coopers, drawing on generations of skill, craft and experience and combining it with the state-of-the-art British engineering – never before used in a […]

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Diageo Expands Global Partnership With Facebook

    Diageo Expands Global Partnership With Facebook

Diageo plans to step-up its multi-million dollar strategic partnership with Facebook, which will drive unprecedented levels of integration and joint business planning and experimentation between the two companies. The current relationship has seen Diageo enjoy strong return on advertising investment, with an initial study across five key brands in the US (Smirnoff, Captain Morgan, Baileys, […]

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Emerging Markets Drive Sales and Profits at Diageo

    Emerging Markets Drive Sales and Profits at Diageo

Buoyed by strong growth in emerging markets, particularly by its Scotch whisky brands, Diageo has achieved 5% organic growth in both net sales to £9.94 billion and in operating profit before exceptionals to £2.88 billion for the year ended June 30th 2011.
 
Exceptional operating costs were £289 million for the year including a net charge of […]

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Diageo Completes Acquisition of Mey Icki

    Diageo Completes Acquisition of Mey Icki

Having received the necessary regulatory clearances, Diageo has completed its £1.3 billion acquisition of Mey Icki, the leading spirits company inTurkey. In the financial year ended 31 December 2010 Mey Icki had net sales of £300 million and EBIT of £120 million. It is the clear market leader in Raki, the biggest spirits category in […]

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Diageo to Pay $16 Million to Settle Bribery Lawsuit

    Diageo to Pay $16 Million to Settle Bribery Lawsuit

Diageo has agreed to pay $16m to settle an investigation by the US Securities and Exchange Commission (SEC) into bribery allegations in South Korea, India and Thailand. The SEC claims that Diageo’s subsidiaries in India, South Korea and Thailand paid more than $2.7 million in bribes from 2003 to 2009 in order to gain sales […]

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Diageo and SABMiller End Brewing and Distribution Agreement

Diageo, through its subsidiary East African Breweries, has agreed to purchase SABMiller’s 20% shareholding in Kenya Breweries for $225m. The deal is subject to EAB disposing of its 20% shareholding in Tanzania Breweries, which is majority owned by SABMiller, through a public offer.
The two deals effectively end a brewing and distribution agreement between Diageo and […]

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European Region Still in Decline at Diageo

    European Region Still in Decline at Diageo

Greater focus on its priority brands and increased investment in emerging markets has allowed Diageo to deliver 7% organic net sales growth in its third quarter, and to increase sales by 5% on an organic basis and volume by 2% in the nine months ended March 31st 2011, compared to the comparable period last year. […]

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Diageo to Expand Islay Distillery

    Diageo to Expand Islay Distillery

Diageo, the world’s largest producer of Scotch whisky, is to invest £3.5m to expand and upgrade its Caol Ila distillery on the Sound of Islay. Production at the site will be increased by 700,000 litres a year.
Established in 1846, the distillery currently produces 5.7 million litres of whisky every year, with the majority used in […]

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Diageo Brands Continue to Lead Impact Top 100 Premium Spirits List

    Diageo Brands Continue to Lead Impact Top 100 Premium Spirits List

In the latest Impact Databank Top 100 ranking, Diageo has retained eight spirit brands among the top 20 premium spirits brands in the world by volume, and seven in the top 20 spirits brands by value, more than any other drinks company.
Diageo was in the top spots in both league tables once again. Johnnie Walker […]

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Diageo to Acquire Turkey’s Leading Spirits Company For £1.3 Billion

    Diageo to Acquire Turkey’s Leading Spirits Company For £1.3 Billion

Diageo has reached agreement to acquire Mey Icki, the leading spirits company in Turkey, for an enterprise value of £1.3b from investment firm TPG Capital and Actera. The transaction is expected to complete in the second half of calendar 2011, subject to regulatory clearances.
Paul Walsh, chief executive of Diageo.
Mey Icki is the leading spirits producer […]

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Europe Remains Weak Spot For Diageo

    Europe Remains Weak Spot For Diageo

Despite a 3% decline in Europe, Diageo achieved organic net sales growth of 4% to £5.32b for the six months ended December 31st 2010 and 2% organic operating profit growth (before exceptional items) to £1.73b. Diageo reported a 12% rise in operating profit to £1.72b for the period and profit before tax was £1.61b, against […]

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Diageo Expands in Vietnam

    Diageo Expands in Vietnam

Diageo, the world’s leading premium drinks business, has entered into a strategic partnership agreement with Halico, the largest domestic branded spirits producer in Vietnam. Diageo is acquiring a 23.6% stake in Halico for about £33m.
The strategic partnership agreement with Halico represents a significant move by Diageo into the fast growing Vietnamese branded spirits sector. Halico […]

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Diageo Looks to Strengthen Rum Portfolio

  Diageo Looks to Strengthen Rum Portfolio

Diageo, the world’s largest spirits group, is holding talks with Industrias Licoreras de Guatemala with a view to acquiring a 50% stake in super premium rum brand Zacapa Centenario. Diageo has been marketing the Guatemalan rum since 2008 under a three year contract with brand owner Industrias Licoreras de Guatemala.
Sales of Zacapa, which is produced […]

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Diageo Strengthens Brewing Business

  Diageo Strengthens Brewing Business

Diageo has strengthened its beer business in emerging markets after its East African Breweries subsidiary acquired a 51% stake in rival Tanzanian brewer Serengeti Breweries for $60.4m (£38.1m). The deal strengthens East African’s distribution in Kenya and Uganda.
Meanwhile, speculation has heightened that Diageo is considering a move to purchase the 66% of Moet Hennessy, the […]

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Diageo Opens First Scotch Malt Whisky Distillery of Scale in Over 30 Years

  Diageo Opens First Scotch Malt Whisky Distillery of Scale in Over 30 Years

Diageo, the world’s leading premium drinks company, has opened the doors of its new £40 million distillery in Speyside, Scotland. The Roseisle distillery is the first malt distillery of scale to be opened in Scotland in over 30 years and has been built in response to the high demand for Scotch whisky brands such as […]

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Board Appointment at Diageo

Diageo has appointed Lord Mervyn Davies of Abersoch to its board effective from 1st September 2010. He becomes a non-executive director and his responsibilities will include membership of the audit, the nomination and the remuneration committees.
Lord Davies was previously Minister for Trade, Investment and Small Business for the UK Government between January 2009 and May […]

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Stronger Second Half Performance Drives Growth at Diageo

  Stronger Second Half Performance Drives Growth at Diageo

A stronger second half performance has helped global alcoholic drinks giant Diageo to increase reported operating profit by 6.5% to £2.574b, aied by exchange rate movement, for the year ended June 30th 2010 as gains in developing international markets offset declines in the mature markets of North America and Europe. On a reported basis, net […]

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Recession Boosts Domestic/local Spirits at Expense of International Brands

  Recession Boosts Domestic/local Spirits at Expense of International Brands

2009 was not a good year for multinational spirits companies. Euromonitor International’s ‘2010 Millionaires’ ranking saw total volumes of international brands on the list fall by 5% while domestic/local brands saw growth of 6%, selling over 400 million 9-litre cases. The Millionaires supplement is a ranking of spirits with sales of over one million 9-litre […]

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