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...In 2007, US sales of Diageo’s premium vodka, Cîroc, were lagging....
...“Diageo has an unrivalled portfolio, a global footprint and world-leading capabilities,” said Manzoni, who will succeed Javier Ferrán in the role....
...Analysts were unimpressed by Diageo chief executive Debra Crew’s initial handling of the warning....
...Global drinks giant Diageo reported a drop in spirits sales on the back of a slump in Latin America that led it to issue a shock profit warning late last year.Net sales fell 1.4 per cent in the six months...
...According to a joint statement issued on Tuesday, the two sides said Combs had “withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against Diageo with prejudice”, adding...
...Diageo’s shares fell by almost 4 per cent on Tuesday morning....
...A joint statement issued on Tuesday said Combs had “withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against Diageo with prejudice”, adding that the two parties have...
...Diageo declined to comment....
...Diageo may have bottled it, but the shares are getting cheap. Assume analysts mark down this year’s net profit estimates by a tenth....
...Diageo has warned that operating profits will decline in the first half of 2024 on the back of an anticipated sales slump in Latin America and the Caribbean....
...Others, such as Diageo, are working on it....
...The share price drop left Diageo the biggest faller on the blue-chip FTSE 100 index on Friday....
...We are currently considering all legal options,” Diageo said....
...Big share price moves in Europe today include Finnish retailer Kesko, Germany’s Delivery Hero and UK drinks company Diageo....
...Diageo outperformed forecasts in the year to June, lifting net sales 6.5 per cent after it raised prices and consumers opted for more expensive spirits....
...Diageo’s shares were up 1.1 per cent on Tuesday morning....
...Ivan was undoubtedly one of the finest leaders of his generation,” said Diageo chair Javier Ferrán....
...Corporate updates: Diageo, Pets at Home, Saga and SSP Group will report earnings....
...Look at Diageo next to the American liquor group Brown-Forman....
...Sir Ivan Menezes, who led global drinks group Diageo for a decade, has died aged 63 after a brief illness....
...Diageo: Shares plunged 11.4 per cent in early trade, making Diageo the biggest loser in the European Stoxx 600 index, after it warned of slowing growth in profits due to a sales slump in Latin America and...
...Diageo this month announced the death of its outgoing chief executive Ivan Menezes. Debra Crew, who previously ran Diageo’s North America operations has now started in the role....
...In March Diageo announced that Menezes was stepping down after 10 years at the helm of the company in which he prioritised a push into high-end brands and expanded Diageo’s portfolio with high profile acquisitions...
...Its owner Diageo has invested more than six years and many millions into the rebuild (the only figure Diageo will share is the £35mn combined cost of resurrecting Port Ellen and Brora it announced back in...
...Actor George Clooney sold that brand to Diageo in 2017 for up to $1bn....
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