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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....
...Look at Diageo next to the American liquor group Brown-Forman....
...A former executive colleague who worked closely with Crew when she ran the North American business described her as “measured and strategic”, adding that he thought the profit warning in Latin America was...
...True, the LAC region has had a reputation for opacity on inventory data within distribution channels, unlike in North America....
...The party continued when countries reopened, but slowing sales at major drinks groups, particularly in North America, indicate that the boom is over....
Tesla wants to relocate its corporate domicile but institutional investors like Delaware’s sophistication and predictability
But the boost to liquidity can prove shortlived
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...Spirits makers have struggled for years to secure enough agave as tequila demand surged to record highs in North America....
Tesla boss shows Argentine president Texas factory where they talked about lithium, Brazil and a disdain for bureaucracy
...“There was a huge outflow from ESGU and into QUAL as a result of BlackRock changing their weighting,” said Bryan Armour, director of passive strategies research for North America at Morningstar....
...Latin America and the Caribbean....
And more on bad buybacks
...It’s hardly surprising that Napa Valley, an hour north of San Francisco, is a magnet for tourists. Napa wine producers have responded by turning tourism into a serious profit centre....
Americans account for 14% of users but their revenue contribution will be higher
TikTok’s Chinese owner offers nearly $171 a share as US employees grow concerned about tax bill on unsold stock
...Max launched in the US in May 2023 in an attempt to challenge Netflix, Disney and Amazon in the streaming market, and in Latin America and the Caribbean earlier this year....
...Founded on the shores of Islay in 1825, Port Ellen is notable for several industry “firsts”, including being the first Scotch whisky distillery to export to North America....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Another factor driving the growth of ETFs is the active ETF boom, said Bryan Armour, director of passive strategies research for North America at Morningstar Research Services....
Legal battle between talent agency and Michael Kassan centres on jet flights and other spending
Also in this week’s newsletter, the Detroit Lions roar back and Real Madrid top football rich list
And yet, we’re struggling to care
US state’s chancery court plays a key role in balancing interests of boards and investors
Shares of start-up slide after reporting a $5.4bn annual loss and 10% cut to salaried payroll
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