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...The DeLeón joint venture came about in 2013, when Combs introduced Diageo’s North America president to the tequila, which was popular in Los Angeles clubs....
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...Spirits makers have struggled for years to secure enough agave as tequila demand surged to record highs in North America....
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...He was charged with overseeing the merger, and went on to hold a series of senior roles, including president of North America and chief operating officer, before his promotion to the top job....
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...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....
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...In a January trading update Diageo reported slowing growth in North America, raising concerns that a coronavirus surge in expensive spirits sales was beginning to abate....
...According to Michael Youngworth, a convertible bond strategist at Bank of America, a slower than expected fall in inflation is also encouraging companies to issue debt sooner rather than later....
...America’s real estate market remains stuck in the mud. Existing home sales, which make up most of the US housing market, totalled just 4.09mn units in 2023, a 30-year low....
...But Bryan Armour, director of passive strategies research for North America at Morningstar, said that on closer inspection a slightly different picture emerged....
...Pepsi said the deceleration was largely due to a recall in Quaker granola products over salmonella concerns and weak sales in North America....
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