Diageo India sells office space in Bengaluru to DivyaSree Group

INDIA - World’s spirit major and beer maker Diageo plans to sell its 30,000 sq. ft. of UB Tower prime office space in Bengaluru to DivyaSree Group for US$380.41 per sq. ft. The deal, reported to be the highest ever fetched in the city’s office market will see Diageo sell and lease back the space…

Diageo adds new black raspberry Ciroc to vodka portfolio

UK – Diageo, a British multinational alcoholic beverages company, has revealed an extension of its “ultra-premium” Cîroc vodka portfolio with the limited-edition black raspberry variant. According to FoodBev, Cîroc black raspberry infuses five times distilled vodka with “the delicate natural flavours of fresh, crushed black raspberry essence to create a distinct smooth finish”. “We’re incredibly…

Diageo Ethiopia launches code system to spot counterfeit whisky

ETHIOPIA - Diageo Ethiopia, the owner of Meta Abo Brewery has launched a QR code system, an application that allows consumers to identify counterfeit whisky as well as authorized importers and distributors of the products, Addis Fortune has reported. Introduced by Diageo International, the parent company three years ago, the system enables consumers to scan…

Diageo invests in a new Guinness brewery in Maryland, USA

USA – Diageo, a British multinational alcoholic beverages company, has invested in a new Guinness brewery outside of Baltimore, Maryland which represents the first Guinness brewing operation on U.S. soil in more than 60 years. According to Guinness, the brewery will attract more than 300,000 visitors in its first year of operation. In addition to…

United Spirits’ premium alcohol segment help push profits 29% higher

INDIA - United Spirits, a subsidiary of Diageo and India’s largest spirits manufacturer has reported 29% increase in profits to US$11.80 million helped by strong growth in premium alcohol segment in the first quarter, ET Retail reported. For the three months ended 30 June, net sales rose by 13% attributed to strong performance in the…

Diageo reports strong performance with net sales of US$14.24b in 2018 preliminary results

UK – Diageo, a British multinational alcoholic beverages company, has reported strong performance with net sales US$14.24 billion reflecting consistent and rigorous execution of our strategy. The company reported net sales US$14.24 billion and operating profit US$4.32 billion were up 0.9% and 3.7%, respectively, as organic growth was partially offset by adverse exchange. All regions…

Diageo announces leadership changes at the division, appoints new CFO

USA - Diageo, owner of the Johnnie Walker brand of alcoholic beverages has announced the appointment of Lavanya Chandrashekar, former Mondelez executive as the new chief financial officer of its North American division effective 1 July 2018. Chandrashekar, who has held regional CFO roles in both EMEA and North America will report to Diageo North…

Diageo seeks to sale ‘lower-end’ brands for approximately US$1b

UK - The British alcoholic beverages company Diageo Plc is considering to sell some of its US focused brands likely to fetch between US$500m and US$1 billion, reported Bloomberg citing information from a person familiar with the matter. Diageo is said to be struggling with maintaining profitability for its lower-end brands, such as Goldschlager schnapps,…

Diageo invests US$185.8m in Scotch whisky attraction programme

UK - Diageo, the British multinational distiller will invest US$185.8 million in Johnnie Walker global brand attraction & distillery programme, Scotch Whisky tourism for over a period of three years in Scotland. The investment will be used to construct a new Johnnie Walker facility in Edinburgh to change Scotch whisky visitor experiences while acting as…

Diageo grows its Tanqueray gin range with a new variant

UK - Diageo, the British multinational alcoholic beverages company has continued to expand its portfolio with a new Tanqueray gin made from Seville oranges, launched in the UK. The new flavor was developed to pay homage to Tanqueray’s roots, when founder Charles Tanqueray used the citrus fruit in his original 1830s recipes. The gin, made…