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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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