Diageo has welcomed Alexandra Keith to its board of directors, where she is set to begin as a non-executive director from 5 November.  Keith has over 35 years of international consumer goods experience, having recently served as the CEO of Procter & Gamble Beauty.  According to Diageo, Keith drove meaningful growth through innovation, portfolio development, strategic acquisitions and organisational transformation.  Presently,…

Diageo is set to reformulate some of its whisky and rum brands in India, following a long-standing disagreement with the Indian authorities.  The Food Safety and Standards Authority of India (FSSAI) first raised concerns about the company’s use of improper flavouring substances earlier this year.  This month, following a ban on several whisky and rum brands in major Indian states,…

In its first full-year report since the appointment of Sir Dave Lewis as CEO, Diageo said that its two-year restructuring programme is well underway. The drinks giant outlined plans to save up to $1 billion over the next three years, which will include job cuts. The group, whose portfolio includes Smirnoff vodka and Captain Morgan rum, also plans to double its Guinness production. The…

Diageo reported a net sales increase of 2.3% in its latest trading statement, with particularly strong performances across Europe, Latin America and the Caribbean and Africa.  In Europe, net sales grew by 8.8%, led by the success of Guinness in Great Britain and Ireland.  Meanwhile, spirits growth was driven by MENA, Central Europe and Turkey, particularly evident in sales…

Net sales at Diageo declined by 4% to $10.5bn, according to the interim results released today, covering the six months ending 31 December.  At the same time, organic net sales were down 2.8% and organic volume dipped by 0.9%.  The company said that this was impacted by a soft performance in North America, where reported net sales declined by 7.4%, with an…

Diageo has struck a deal to sell its majority stake in East African Breweries (EABL) to fellow drinks giant Asahi Group for $2.3 billion.  The news follows an announcement from Diageo that it would be selling off “non-core” parts of the business in a move to boost its finances.  Under the agreement, Diageo is set to sell its…

Unite union has said that there could be Guinness 0.0 shortages this Christmas after Diageo workers in Belfast voted overwhelmingly to strike.  Responding to “an inadequate pay offer,” Diageo members of the Unite union will commence an eight-day strike from 12 December to 19 December, impacting the site which is the world’s largest producer of Guinness 0.0.  The…