Weakening global demand for Scotch whisky could put the brakes on Diageo’s plans to upgrade its northern distilleries as part of the business’s £1bn expansion plan announced in 2007.
Scotch Whisky Association (SWA) CEO David Frost has welcomed the 'stability' that a 'No' vote will ensure after the Scottish people voted to reject independence from the rest of the UK.
Diageo will pledge a series of $100,000 funds to technology companies and entrepreneurs it believes have the best ideas to solve its business challenges and drive growth.
PREMIUM BOTTLED ALES WILL SNARE NEW CONSUMERS, DIAGEO BELIEVES
As Diageo launches two new UK Guinness varieties Mintel analyst Jonny Forsyth tells us he thinks the beer brand is anachronistic, needs to ditch the ‘trendy adverts’ and innovate more.
Diageo has launched a whisky retail training course for unemployed young people in Scotland this week, alongside youth employment charity, The Prince’s Trust.
The UK’s Portman Group has declined to comment after Diageo criticized a decision by the alcohol-funded body’s Independent Complaints Panel stating that a display used to drive impulse C-store sales of Smirnoff, Gordon’s and Bell’s spirits encouraged...
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 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 to the firm's lackluster performance.
IVAN MENEZES CONFIDENT DIAGEO CAN REBUILD AN 'ATTRACTIVE BUSINESS'
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 improving route to market.
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 its digital marketing and communications skills.
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 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 star.
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.
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 with AB InBev.
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 whisky and Captain Morgan White Rum.
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.
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.
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 American whiskey category.
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’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.
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 mixers.
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.
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 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.
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.
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.
Exponent Private Equity has bought The Loch Lomond Distillery Company for an undisclosed sum and former Diageo chief finance officer Nick Rose is to chair the new business.
Diageo should ditch lucrative rum brand Captain Morgan altogether since the real life Captain left an orgy of bloodshed and violence across the Caribbean, Ben Bouckley argues.
spiritsEUROPE tells BeverageDaily.com that the EU is keen to seal a free trade agreement (FTA) with Vietnam to help members including Diageo, Beam Inc. and Pernod Ricard open up a ‘priority’ market.
Bacardi claims it has improved health and safety programs at its Jacksonville rum facility after it was fined $110,000 for a worker’s death but its group-wide manufacturing accident rate actually rose 10% in 2013.
Diageo admits Smirnoff lost US share to discounted rivals over the last half year as lower-income spirits drinkers continue to suffer from an ‘uneven’ economic recovery.
Suntory’s $16bn splurge to acquire Beam Inc. is significantly more than what rivals Diageo and Pernod Ricard would have paid for the bourbon giant, one analyst believes, but a seat at the US spirits table is at stake…
Diageo says its purchase of $1000+ per bottle ultra-premium brand DeLeón with rapper P.Diddy will accelerate its share of a fast-growing tequila market segment.
Diageo brand Captain Morgan says it is ‘bizarre how underdeveloped’ the global super-premium rum category is but insists it’s only a matter of time before it catches fire.
GUINNESS BLACK LAGER IN US 'NOT THE SCALE OF SUCCESS WE WOULD HAVE LIKED'
Diageo’s beer innovation head insists the firm needs to strengthen Guinness’s premium credentials and 'reframe' the drink for a new generation of drinkers to reignite growth.
Diageo says it see a massive opportunity for international spirits in the Asia Pacific and claims its scale lends it a significant competitive advantage in the region.
The UK Office of Fair Trading (OFT) says it is considering an offer by Diageo to sell most of its Whyte & Mackay whisky business to address UK retail concerns over its $2bn merger with United Spirits.
Irish minister Alex White has attacked Diageo for cynical marketing of its annual ‘Arthur’s Day’ Guinness event and insists it worsens the nation’s problems with over-consumption of alcohol.
BEVERAGEDAILY.COM SPECIAL EDITION: FLEXIBLE BEVERAGE PACKAGING
Packaging expert Andrew Streeter believes flexible beverage packaging has huge beverage potential given added functionality and demands for sustainability and cost reduction.
BEVERAGEDAILY.COM SPECIAL EDITION: FLEXIBLE BEVERAGE PACKAGING
Capri Sun’s runaway success in North America for Kraft Foods is alerting other beverage brands to the potential stand-up pouches offer, while machine line speeds are increasing all the time.
Diageo says that collaborations with the likes of SAB Miller, Heineken and Coke are helping the beverage industry lessen its impact in water-stressed regions worldwide.
Diageo has seen off the latest US legal challenge relating to its Parrot Bay RTD cocktails but could still face a possible jury trial in 2013 over claims relating to packaging patent infringement.
Turkey's biggest brewer and SAB Miller partner Anadolu Efes expects new restrictions on marketing and sales of alcohol to limit beer industry growth in the country.
Diageo has declined to comment on the possible business effects of stiffer alcohol laws in Turkey, insisting only that it remains committed to its business in Turkey.