Diageo completes $1bn purchase of Clooney’s Tequila

Drinks giant Diageo has completed its US$1 billion acquisition of Tequila brand Casamigos, which was founded just four years ago by Hollywood heartthrob George Clooney and Rande Gerber.

Diageo CEO’s pay drops to $4.31m

Good news and bad news for Diageo's chief executive Ivan Menezes is revealed in the company's annual report published today.

Diageo demands Mallya repay £28m payoff

Diageo is pressing VJ Mallya to repay the first £28 million of a total £53m payoff agreed in February 2016 for him to sever all ties to United Spirits, and demanding compensation to recover losses from companies associated with Mallya.

Diageo predicts bright future for premium tequila

Following the purchase of George Clooney's Casamigos Tequila for up to £800m, Diageo's CEO believes the brand will follow in the footsteps of its Don Julio tequila, which has now topped the one million case mark.

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