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Tag Archive: Diageo

Diageo’s Sales Rise 9% To $11.6 Billion In Fiscal First Half

Diageo saw net sales increase 9% on an organic basis to approximately $11.6 billion during its fiscal first half ended in December, as organic operating profit rose 9.7% to just under $4 billion. Premium-plus brands contributed 57% of reported net sales and drove 65% of organic net sales growth, with the company seeing global gains across most categories, led by Scotch, Tequila, and beer. Continue reading →

Posted in News on January 26, 2023

Diageo To Acquire Don Papa Rum For Up To $474 Million

Diageo has made another bolt-on acquisition, agreeing to purchase Don Papa Rum, a super-premium, dark rum from the Philippines for an initial €260 million ($282m) with a further potential consideration of up to €177.5 million ($192m) through to 2028 subject to performance. Continue reading →

Posted in News on January 17, 2023

News Briefs for January 17, 2023

•Sazerac is suing Republic National Distributing Co. (RNDC) for close to $40 million alleging non-payment of inventory. Continue reading →

Posted in News on January 17, 2023

Diageo Backs Crown Royal With Super Bowl Ad

Diageo-owned Crown Royal, the second-largest spirits brands in the U.S. in retail dollar terms and fourth-largest by volume, according to Impact Databank, is set to receive a Super Bowl ad effort. Continue reading →

Posted in News on January 10, 2023

Exclusive: U.S. Spirits Market Climbs 6% In 2022, Boosted By RTDs

After a period of drastic market fluctuations brought on by the pandemic, the U.S. spirits category began to restore its equilibrium last year, as the on-premise roared back to health and the retail segment came back to Earth after two years of outsized gains. Continue reading →

Posted in News on January 3, 2023

Diageo CEO Ivan Menezes Knighted

Diageo CEO Ivan Menezes has been named a knight in the U.K.’s New Years Honours for services to business and equality. Continue reading →

Posted in News on January 3, 2023

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