Diageo has said it has appointed a new chief financial officer from the Xerox Corporation, effective from next month.
Diageo is reportedly in “detailed talks” with Treasury Wine Estates about selling off its Global Wine Unit, which includes brands like Blossom Hill and Piat d’Or.
Diageo has warned investors to expect a £150 million drop in its operating profits in 2016 due to adverse currency movements in emerging markets.
Scotch whisky brand Johnnie Walker has recruited F1 driver Jenson Button and actor Jude Law for its biggest ever global marketing campaign.
SABMiller will announce by mid-October whether or not a takeover by AB InBev is taking place, confirming today that it has been approached by the world’s largest beer brewer.
Diageo could stand to lose shares worth £315 million from its Indian subsidiary United Spirits (USL) if “adverse” rulings are taken on legal proceedings against its former holding company.
Diageo and SABMiller could boost their profits by nearly a fifth and see off a much-feared AB InBev takeover if they choose to merge, analysts say.
Diageo Canada has issued a recall for numerous flavours in its Smirnoff Ice range over fears of glass contamination.
Diageo has launched a lawsuit accusing a nutritional supplement retailer called Captain Amsterdam of infringing on its own trademark for Captain Morgan rum.
Turkish authorities have launched an investigation into Diageo’s operations in the country, specifically over allegations its raki business took advantage of market dominance.
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