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Tag Archives: Paul Walsh

• Diageo Extends Foothold In Brazil With Ypioca Buy

Diageo Extends Foothold In Brazil With Ypioca Buy

Diageo PLC (DGE.LN) said Monday it has bought one of Brazil’s biggest producers of cachaca, the country’s best-selling spirit, as part of the U.K. drink maker’s continued expansion into the lucrative Latin American market. Diageo will pay GBP300 million to buy Agroindustrial Limitada’s Ypioca brand, giving it a firmer foothold in Brazil even as it […]

• Diageo edging towards Cuervo tequila deal

Diageo edging towards Cuervo tequila deal

Diageo is edging towards a deal with the owner of Jose Cuervo tequila which could see the British spirits group take a minority stake in the $3 billion-plus valued No.1 tequila brand, people familiar with the situation said. Diageo chief executive Paul Walsh has said he wants control, or a route to control, of a […]

• Diageo pours cold water on P.Diddy tequila rumour

Diageo pours cold water on P.Diddy tequila rumour

Diageo said today that super premium Scotch had been a stellar Chinese performer in the first half of 2011/12, but the firm poured cold water on press reports that US rap star P.Diddy planned to launch his own tequila brand.

• Diageo Bets $10 Million on Whisky-Based Bioenergy Plant

Diageo Bets $10 Million on Whisky-Based Bioenergy Plant

Drinks multinational Diageo said it will invest $9.6 million in a bioenergy plant near Elgin, Scotland that will burn a by-product from its Scotch Whisky distilling operations called draff – the spent grain left after the distilling process. Diageo plans to use 30,000 tons of draff to produce process steam for the site at Glenlossie, which […]

• Diageo’s Profit Rises 17%

Diageo’s Profit Rises 17%

Diageo PLC posted a 17% rise in full-year net profit Thursday as surging demand in emerging markets offset weakness in North America and Europe. The London-based maker of Johnnie Walker scotch, Guinness stout and Smirnoff vodka also set robust targets for double-digit earnings growth, despite Chief Executive Paul Walsh’s warning that the company operates in […]

• Big news! Diageo announces operational review

Big news! Diageo announces operational review

Diageo, the world’s biggest alcohol company, has announced a major review of its operating model and changes to its executive committee in a move that looks destined to lead to job cuts across the company. Paul Walsh, chief executive, said the changes are designed to “focus on growth and create a more cost-effective organisation.” As […]

• Diageo To Focus Spending On North America, Emerging Markets

Diageo PLC (DEO, DGE.LN) will minimize advertising spending in its European market in the second half of its fiscal year, instead plowing funds into its rebounding North American business and fast-growing emerging markets. The spirits giant, whose brands include Johnnie Walker scotch, Jose Cuervo tequila, Guinness stout and Smirnoff vodka, has seen demand tumble in […]

• Emerging markets boost profits at Diageo

The world’s biggest alcoholic drinks maker Diageo, producer of Smirnoff vodka, Johnnie Walker whisky and Guinness has enjoyed a profitable six months. But the drinks maker has admitted a sharp decline in sales of Guinness in its homeland Ireland which pushed European beer sales down by 4%. However increased sales of Johnnie Walker Whisky and […]

• America's most famous whiskey labels going on the block

America's most famous whiskey labels going on the block

Smirnoff owner Diageo is casting its eye over some of America’s most famous whiskey labels as part of a possible £6bn bid for US drinks giant Fortune Brands. The Chicago-based firm behind Jim Beam, Maker’s Mark and Southern Comfort put itself on the block yesterday by announcing plans for a break-up. Industry sources said it […]

• Diageo opens Captain Morgan plant in Virgin Islands

Diageo opens Captain Morgan plant in Virgin Islands

ST. CROIX – Even a few outbursts of rain could not dampen spirits at the Diageo plant Tuesday, as officials and community members gathered to witness and celebrate the opening of the plant that will produce Captain Morgan Rum. The ceremony, set underneath the giant steel vats and fermentation tanks of the newly finished distillery, […]

• Diageo says Greece and Spain drinking less

Hard-hit Greek and Spanish consumers appear to have refrained from drowning their sorrows in international alcohol following rises in duty. Diageo, the UK-listed drinks group, said net sales in the biggest casualties of the eurozone slowdown dropped “markedly” in the quarter to end-September compared with the same period last year. However North America, the biggest […]