Diageo claims its new acquisition of Meta Abo Brewery in Ethiopia allows it to gain access to a fast-growing market. In beer to complement its existing spirits business.
Diageo says that realising its new vision for sustainable premium packaging is a challenge, especially given “the perception among consumers that lighter means less valuable”.
Diageo workers have ended their campaign against the brewer following months of negotiations that were kicked off in the summer by news of major plant closures.
Diageo insists that suppliers and customers will be unaffected by plans to close its Kilmarnock bottling plant as pressure mounts from unions and politicians to reverse the decision.
SABMiller, Diageo and Magners cider maker C&C group have all announced hits to their operations amidst fears of weakening consumer demand for beer and alcohol in the current global economic downturn.
Guinness appears to be sticking to its roots with the announcement
today by parent company Diageo of a significant investment to step
up production as its Dublin-based St. James's Gate brewery.
This week, Red Bull launches a new natural cola brand as a first
step away from energy drink production, Diageo receives a setback
in its vodka expansion plans and a US-based vodka manufacturer
launches a new bottle with a built in...
Diageo and Heineken are to expand their cooperation within the
South African market to tap into growing demand for premium beers,
ciders and ready-to-drink (RTD) beverages.
This week, Diageo's Korean operations receive a boost, PepsiCo may
look to improve ingredient sourcing for its Indian operations, and
Cott hopes to maintain shelf space at Wal-Mart's US stores.
This week, Diageo posts half-year profit improvements thanks to
Guinness and spirits, Grolsch continues to struggle with the UK
premium lager market, and P&G reportedly hikes prices for its
coffee brands.
Diageo will not move for V&S' Absolut brand, after announcing
this week that it will buy into a joint venture with a
Netherlands-based premium vodka maker instead.
Diageo is to expand its presence within the high growth US market
for premium wines with the acquisition of national producer
Rosenblum Cellars for $105m (€71m).
This week's news brief finds Portugal's largest brewer having to
close a plant, Procter and Gamble possibly going off coffee and
another victory in the
battle against forcing metric measurements.
Diageo today forecast organic operating profit will increase
by nine per cent in the current financial year after posting
strong gains across the majority of its big brands, including
Guinness.
Diageo's Guinness brand received a boost yesterday as its attempt
to go green paid off amidst growing uncertainty over the future of
the beverage and its famous Dublin-based production plant.
Diageo's operations within the lucrative South Korean whisky market
are facing further threats from ongoing investigations into its
practices within the country, the company said today.
Consumers do heed messages advising them to drink alcohol
responsibly, says a survey by Guinness maker Diageo, as it launches
a series of television adverts in the UK.
Drinks giant Diageo has announced the creation of a combined
regional hub for its Asian Pacific operations as it looks to
increase its focus on distributing its brands in the region.
A blended whisky owned by drinks group Diageo has been crowned the
best Scotch in the world, but consumers in Britain were unlikely to
get a sniff, according to judge Jim Murray.
Diageo, the world's largest alcoholic drinks firm, denied it
planned to launch sparkling spirit drinks in the UK in the near
future after filing a patent for a new way of adding fizz to hard
spirits.
Diageo, the maker of Johnnie Walker whiskey and Guinness stout, has
opened a S$13 million (6.54m) logistics hub in Singapore to cut the
time it takes for its alcoholic drinks to reach Asian markets.
Sales of Guinness have slipped in the beer's Irish homeland over
the past year, its maker Diageo has announced, taking the shine off
a solid sales rise for the drinks firm.
Blockbuster brands helped the world's largest alcoholic drinks
firm, Diageo, to a six per cent sales rise over the last year, but
trading in Europe remains tough.
Drinks industry consolidation aptly took on greater importance this
week as Diageo announced tough trading conditions in a sign that
cost-savings and pricing will be crucial, reports Chris
Mercer.
Diageo, the world's biggest spirit group, has announced a drop in
first half profits, caused by foreign exchange rates, weak demand
in Europe and the continued decline of the ready-to-drink segment,
writes Chris Jones.
After a decade of concentrating on the ready-to-drink sector,
leading alcohol brand owners in the UK are turning their attention
to other segments as RTD sales begin to stagnate. Widespread growth
in the liqueur market means that...
Diageo, maker of Guinness, Ireland's iconic stout drink, said it
plans to close its London brewery by the summer of 2005 and
consolidate production at its historic St James's Gate brewery in
Dublin. The company said the...
After three years of successful growth, Diageo's alcopops sales
have decreased the company's financial results have revealed. This
week the company has released a new version of its Smirnoff ice
drink in the US, in an attempt...
A major step in the global fight against counterfeiting has been
announced by Diageo Scotland with the launch of the Scotch whisky
industry's first ever miniaturised spectroscopic portable testing
kit - the authenticator - which...
Drinks giant Diageo has agreed to significant changes in the
packaging of its Cardhu Scotch whisky. The move is designed to heal
deep rifts that have emerged within the hugely conservative Scotch
whisky industry over the company's...
Archer's Eden is the latest premixed drink to target the untapped
wine sector in the UK ready-to-drink market. The product, made in
Italy for Diageo, will be available exclusively in the Asda
supermarket chain.
Diageo has come a long way, he strength of the group's brand
portfolio allows it to register overall growth despite some
substantial setbacks for brands such as Captain Morgan, Smirnoff
and J&B.
Rumours of a takeover bid for Allied Domecq by Brown-Forman and
Bacardi have at least thrown light on the perennial problem facing
the global spirits players.
CUB, the Australian beer arm of Foster's, is to extend its
marketing partnership with Diageo to include the latter company's
premixed spirit brands for the first time. The deal should see the
rapid growth of the draught...
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.
The success of J&B Twist and Smirnoff Ice in Spain has
convinced Diageo that RTD products are the way forward in a market
where it has been steadily losing sales in recent years.
Strong organic growth from the premium drinks business was one of
several key drivers of growth at Diageo, the UK company which is
now wholly focused on its beer, wine and spirits business. Smirnoff
Ice and other RTD brands performed...
The world's biggest spirits group should continue with its policy
of using the proceeds of disposals to buy back shares when the sale
of its Burger King unit is completed. But this does not rule out
further acquisitions.
