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DIAGEO FINANCIAL IMPACT
Why Pernod Ricard is facing heat in one of its most crucial liquor marketsFrench liquor giant Pernod Ricard faces significant hurdles in India, its largest global market by volume. The company is embroiled in a ma...- Diageo India bets big on premium demandDemand for premium alcohol in India remains robust despite global challenges, says Diageo India's managing director Praveen Someshwar. Howe...
- India Inc backs Modi’s appeal to cut gold buying and foreign travel amid West Asia tensionsIndian businesses are reviewing spending and work-from-home policies after Prime Minister Narendra Modi's call to save foreign exchange and...
- India meets FY26 with cheers & beers: High-end spirits popular; ale beats rainy daysIndia's liquor sales saw a rebound in the year ended March, with spirits volume growing 4% and beer volumes also rising 4%. This recovery w...
- Trump's tariff to make your favourite alcohol Johnnie Walker and Corona beer costlier? DetailsAfter Donald Trump announced tariffs on Canada and Mexico, it is eminent to note that prices of alcohol and beer are likely to shot up. How...
- Tariffs could deal $200 million blow to Diageo in second halfDiageo estimates a $200 million impact on its operating profit if U.S. tariffs on Mexican and Canadian products are implemented in March. W...
- Drinks giant Diageo slides 14% after warning about sales in Caribbean and Latin AmericaThat was a surprise for investors as the company, which counts Johnnie Walker whisky, Captain Morgan rum and Guinness among its stable of b...
- Confident of long-term opportunities in India, says global spirits giant DiageoLiquor manufacturing, distribution and retailing in India came to a complete standstill during the nationwide lockdown from March 25 to May...
- Diageo withdraws forecast, halts shareholder returns programmeThe Johnnie Walker whisky maker said lockdowns imposed by governments across the world had significantly impacted its business.
- Pernod Ricard experiences a low in India due to regulatory headwindsThe maker of Absolut vodka and Chivas Regal Scotch attributed the 1% sales growth in one of the world’s youngest nations to the November de...
- Diageo says it won’t pay Vijay Mallya rest of settlementAs part of the agreement with Mallya last year, Diageo was to pay him the sum ($75mn at the time) over a five-year period in return for wal...
- Diageo will hold back payment to Vijay Mallya, plans to recover dues from himMallya's dues include $135 million that Diageo had given to Standard Chartered as a guarantee for the liabilities of Watson Ltd affiliated ...
- Don't be afraid, United Spirits is not terminally illUnited Spirits’ (USL) decision to approach the Board for Industrial and Financial Restructuring (BIFR) is based on the sharp fall in its ne...
- Vijay Mallya may have to exit company boards if declared 'wilful defaulter'UB Group boss Vijay Mallya may have to quit the boards of India's largest alcoholic beverage companies, if declared a 'wilful defaulter'.
- Diageo posts double digit growth in India in quarter ended MarchThe world's largest liquor maker Diageo today reported double-digit growth in India in the third quarter ended March 31, amid a global slum...
- All regulatory approvals in place for Diageo-USL deal: Vijay MallyaMallya said USL & Diageo have received all approvals for their Rs 11,166.5 cr deal under which the Indian spirits maker will sell 53.4% to ...
- Diageo, United Spirits officials to meet this weekOfficials are expected to deliberate on issues related to regulatory compliance, including additional costs, among others, they added.
- United Spirits: Why investors should be cautious while making fresh investmentThe clarity over the deal with Diageo and an expected subsequent turnaround in the business catapulted the stock price of United Spirits.
- Vijay Mallya to take call on Diageo deal soon, a move to pay off United Spirits' creditorsVijay Mallya is expected to take a call within the next few weeks on a proposed deal with Diageo that would help him raise cash and pay off...
- Diageo expected to hit full-year profit targetDiageo PLC, the world's largest producer and distributor of alcoholic drinks, is expected to deliver near on-target profit growth when it p...
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