It is barely two months since the world's number one spirits and
wine group announced 9 per cent organic sales growth for the first
half, but Diageo is already warning that growth in the second half
will be harder to achieve.
Significant investment in core spirits and wine brands, plus the
addition of a number of major products such as Malibu and Mumm
Cuvee Napa, helped the world's number two spirit and wine maker to
a 16 per cent rise in sales in...
Vin & Sprit, the Swedish producer of Absolut vodka, is to buy
the Polish distillery Polmos Zielona Gora, maker of the Luksusowa
brand, as the sell-off of the former state-run spirits business
Worse-than-expected performances at home and abroad, and from both
new and existing products, will mean pre-tax profits at UK cider
maker HP Bulmer falling at least £14 million short of expectations
Strong performances in Poland and Russia helped French spirits
group Belvedere to end the first half of the year back in the
black, at the operating level at least. Further restructuring and
acquisitions in Eastern Europe also bode...
The European Commission gives the go ahead to Diageo to sell its
last remaining food-related business, leaving the UK group free to
strengthen its position as the world's leading spirits and wine
Dutch brewer Heineken is already profiting from its recent
strategic alliance with Costa Rican brewer FIFCO. The two companies
have joined forces with soft drink bottler Panamco to buy Baru, one
of the leading brewers in Panama.