Drinks

Diageo To Raise $2.5bn From Debt Offering

Diageo, the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme....

Diageo Names Sir John Manzoni As Non-Executive Director

Guinness owner Diageo has announced the appointment of Sir John Manzoni to its board as a non-executive director, effective 1 October 2020. Ma...

OIV Says COVID-19 Crisis May Cut Wine Sales In Europe By Half

The closure of bars and restaurants to contain the spread of COVID-19 has slashed global wine sales, and winemakers' revenues in Europe coul...

Pernod Ricard Sales Hit By Coronavirus, Share Buyback Halted

French spirits maker Pernod Ricard has announced plans to suspend a share buyback of up to €500 million ($541 million) and ke...

Heineken Beer Sales Slide Amid Lockdowns, Worse To Come

Heineken, the world's second-largest brewer, reported a 14% slide in beer sales in March, with sharp declines in all regions as the COVID-19 pandemic close...

Italy's Campari Seeks To Enter France's Champagne Club

Drinks group Campari could become the first Italian player to enter the French Champagne sector if it successfully concludes talks to buy premium brand Lal...

Walsh Whiskey Announces Export Expansion Plans Into Asia

Walsh Whiskey has announced its plans to export its whiskey brands into Asia, as it is 'the first region to emerge from the COVID-Lockdown period'. The...

Campari Ready For Big Deals As Sector Consolidates, Says CEO

Italy's Campari is ready to pursue large acquisitions to stay ahead in a consolidating spirits industry, Chief Executive Bob Kunze-Concewitz said in a news...