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News in brief

AG Barr poaches Diageo supply chain guru as finance chief

Irn-Bru maker AG Barr has appointed Stuart Lorimer as finance director and he will join the soft drinks firm following a handover period at current employer Diageo.

Diageo’s lackluster 2014 gives CEO Menezes bonus blues

Diageo revealed yesterday that CEO Ivan Menezes, his predecessor Paul Walsh and CFO Deirdre Mahlan took home less than 10% of their possible bonus pot in fiscal year 2014 due...

IVAN MENEZES CONFIDENT DIAGEO CAN REBUILD AN 'ATTRACTIVE BUSINESS'

‘Shui Jing Fang appears to be broken, from the outside’: Analyst tells Diageo boss

Sales of Diageo’s super premium baijiu brand Shui Jing Fang fell 79% in 2014, but CEO Ivan Menezes insists the firm can rebuild an ‘attractive business’ by slashing prices and...

'A MIXED YEAR AND A TOUGHER ONE THAN WE ANTICIPATED AT THE START': CFO DEIRDRE MAHLAN

Diageo’s top line takes a hammering: 2014 results show Chinese dragon bites

Diageo said today that foreign exchange movements ‘severely impacted’ its 2014 top line while Chinese anti-extravagance measures also hit hard – our slideshow dissects the Johnnie Walker distiller's performance.

Diageo appoints Facebook exec to bolster digital marketing skillset

Diageo today announced leadership changes that CEO Ivan Menezes says will continue its shift away from regions towards greater market accountability, and also appointed a senior Facebook executive to bolster...

News in brief

Struggling Chinese baijiu sales weigh on Diageo?

Diageo reportedly plans to write down the value of its stake in China baijiu brand Shui Jing Fang, as the government's anti-extravagance drive hits sales.

Diageo's Captain Morgan rum rapped for implying alcohol can overcome boredom

Diageo rum brand Captain Morgan has again been censured by UK advertising regulator the ASA – this time for implying that alcohol can overcome boredom and is capable of changing mood.

PepsiCo, Heineken, Diageo trend up in 2013 global FMCG league but Tingyi steals show

PepsiCo, Heineken, Diageo and SAB Miller are all risers in the OC&C league table of Global Top 50 FMCG players in 2013, but China's Tingyi Holdings was the rising beverage...

‘EU doesn’t have resources to police trade deals properly’: spiritsEUROPE DG warns

The head of powerful EU spirits trade confederation spiritsEUROPE warns that the EU Commission needs more resources to better police trade agreements with outside nations.

'I wouldn't dismiss it outright': Analyst sees logic in SAB Miller, Diageo merger

Whispers of a $171bn+ merger between Diageo and SAB Miller have led to share spikes for both companies over the past couple of days and follow chatter about SAB tying-up...

Making a meal out of Haig Club: Diageo talks up Beckham-backed whisky in China

Diageo CEO Ivan Menezes insists the spirits giant must ‘innovate at scale’ to ensure a larger share of its growth stems from fewer launches along the lines of Haig Club...

Diageo cuts around 200 jobs to help hit £200m savings target by 2017

Diageo has confirmed circa. 200 job losses across its head office and regions as the Johnnie Walker and Guinness producer targets annual cost savings of around £200m by 2017.

Not When Harry Met Sally…When Suntory bought Beam!

Suntory’s $16bn takeover of Beam Inc. shocked many industry insiders but the likes of Diageo, Pernod Ricard and Bacardi likely sighed with relief, according to Rabobank.

BREAKING NEWS

Diageo plans $115m spend on Kentucky bourbon distillery

Diageo plans to spend $115m on new Kentucky bourbon distillery and warehouses to distill the company current brands and future products, as it seeks to expand its share in the...

Smirnoff faked by the IRA? Irish police raid moonshine racket

Irish police have seized equipment that reportedly forms part of an IRA fake vodka production racket running for more than two decades that copies brands including Smirnoff.

Diageo to sell Whyte & Mackay for £430M

Diageo’s United Spirits has agreed to sell its whisky brand Whyte & Mackay to Philippines-based brandy business Emperador for £430M, following Office of Fair Trading (OFT) concerns.

INNOBEV GLOBAL SOFT DRINKS CONGRESS 2014

‘You’ve got to feel a little sorry for Schweppes’: Fever-Tree CEO delivers $42m tonic

Fever-Tree CEO Charles Rolls insists Schweppes is no longer the ‘great old British company it was’ and insists the brand is scared by his firm’s giant steps in premium spirits...

News in brief

Diageo out to seduce United Spirits shareholders with $1.9bn offer

Diageo will launch a $1.9bn offer to buy a majority stake in India's United Spirits and cement its position in the world's largest whisky market.

Slosh 'n' Becks! Alcohol Concern slams Beckham Diageo deal

David Beckham has come under fire for his whisky partnership with drinks business Diageo, which a charity says could send a ‘confusing message’ to children.

Diageo scores with David Beckham whisky deal

Drinks business Diageo has partnered with footballer David Beckham and British entrepreneur Simon Fuller for the launch of its Haig Club Single Grain Scotch Whisky. 

Diageo's Captain Morgan fights to force ‘copycat’ Admiral Nelson surrender

Diageo is suing rum rival Heaven Hill Distillers in Canada claiming the Kentucky firm is infringing its Captain Morgan trademark with its Admiral Nelson's spiced rum.

'Genius' Bacardi leads Gentleman Jack: Spirits rise for digital stars

Bacardi is unique among spirits brands as a ‘genius’ when it comes to harnessing digital, according to L2's Digital IQ Index, with its online presence a unique form of ‘competitive...

News in brief

Diageo cuts the cards: Reshuffle reflects Chinese ‘growth engine’

Diageo CEO Ivan Menezes has reshaped his management team in light of growth potential in emerging markets including China and India.

Tennessee Whiskey wars! Diageo attacks Brown-Forman ‘sleight of hand’

Diageo has hit back at Brown-Forman in an acrimonious dispute over the designation of ‘Tennessee Whiskey’ claiming its ‘Jack Daniel’s recipe law’ stifles innovation.

News in brief

Gruppo Campari sweet on $580m Whyte & Mackay?

United Spirits will reportedly fetch £350m for its Whyte & Mackay whisky business in the UK, with rumours spreading that Gruppo Campari could be interested given its sizable war chest.