Diageo reported a strong sales gain for the second half of 2016 due to rising global demand for Scotch and whiskey following increased marketing efforts in the US.
Diageo CEO Ivan Menezes is upbeat about the company’s performance in its interim results, saying it has become a ‘stronger, more competitive business.’
Diageo chief Ivan Menezes today talked up the company’s turnaround plan for ‘challenged market’ China – where the company is betting on Beckham-backed Haig Club whisky and lower-cost baijiu - but volume sales still fell 20% year-on-year in H1 2015.
Crown predicted strong unit volumes in beverage and Bemis expects to push ahead after a year of re-organising the business, as both firms reported their Q4 and full year results.
Monster Beverage Corporation admits its Q2 brand launch in Japan has hit problems, but said the nation’s distributors and retailers were far less tolerant of shipping damages and leakages than in the US.
Diageo has announced ‘pivotal’ plans to invest one billion pounds in a new malt distillery and expand existing sites in Scotland to cash in on explosive growth in emerging markets from Europe to Asia.
