Drinks

Diageo Profit Drops As Latin American Sales Sink

Diageo just missed full-year profit forecasts and warned challenges could persist into next year as sales sank in Latin America.

Investors for Remy Cointreau have said that it needs to diversify as its reliance on cognac leaves it badly hit by a global spirits downturn.

Pernod Ricard has agreed to sell the majority of its wine portfolio to Australia’s Accolade Wines to focus on its spirit business.

C&C Group has appointed chief financial officer Andrew Andrea to the newly formed role of chief financial and transformation officer.

Gallo has announced the death of Robert J. (Bob) Gallo, which occurred on Saturday 22 June 2024.

Sales of non-alcoholic beer continued to grow last year, while beer remained Ireland’s favourite alcoholic drink, Drinks Ireland has revealed.

Diageo is set to post its first yearly sales decline since 2020 next week, as it aims to rectify its performance in significant markets.

Heineken has reported a 12.5% rise in half-year operating profit, missing out in an expected boost from sporting events.

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