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SPIRITS MAKER DIAGEO
United Spirits set to cut 100 jobs to curb costs, streamline operationsUnited Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reductio...- India’s brandy boom still feels uncool. Liquor cos want to give it a makeoverBrandy, a spirit deeply entrenched in South India's culture and cinema, is now undergoing a national makeover. Despite being India's second...
- 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...
- Karnataka rolls out new alcobev policy, distillers unhappyBengaluru has a new excise duty on alcohol-in-beverage. Prices are now set by producers. The government cut liquor price slabs to make drin...
- 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...
- Diageo springs a surprise, sales climb on Africa, Latin AmericaDiageo has experienced an unforeseen surge in sales for the latest quarter, attributed to robust growth in Africa and Latin America that su...
- UK's FTSE 100 slips as losses in energy stocks and AstraZeneca weighLondon’s FTSE 100 edged lower as losses in energy majors and AstraZeneca weighed on the index amid thin holiday trading. Weak crude prices ...
- Diageo takes 772 mn pound write down for Indian market amid COVID-19World's leading spirits maker Diageo has taken a write down of 1.3 billion pound, including an impairment of 772 million pound for the Indi...
- Diageo exploring options to delist Indian arm: ReportThe company has started talks with investment bankers and consultants on a delisting offer.
- Vijay Mallya needs to give up USL perks to access $40 million payout from DiageoThe $40 mn is the first instalment of $75 mn that Diageo agreed to pay Mallya for stepping down from a company that he made India’s largest...
- Vijay Mallya gets shareholders' nod to continue as USL chairmanMallya has been re-elected as non-executive director and chairman of United Spirits at the annual general meeting of the liquor major.
- Top-level rejig at Diageo, CEO Anand Kripalu elevated to executive committeeWorld's largest spirits maker Diageo Plc today announced a top-level rejig as United Spirits Chief Executive Officer Anand Kripalu has been...
- Diageo acquires United Spirits shares worth Rs 472 croreDiageo Plc picked up more than 19 lakh shares of the Vijay Mallya-led distiller United Spirits for over Rs 472 crore.
- United Spirits to be Diageo's sales agent in IndiaDiageo Plc will use United Spirits as the entity to sell all its brands in India as part of plans to consolidate its business in the countr...
- United Spirits hits record high; up 18% in 4 daysSince Diageo failed to attract enough investors, hopes for new attempts at buying shares are keeping the stock afloat, analysts say.
- Diageo Plc completes stake purchase in United Spirits, gets only 25.02 pcDiageo has nominated Gilbert Ghostine and Ravi Rajagopal as non-executive directors and PA Murali as chief financial officer and executive ...
- Diageo open offer may fail to cut ice with United Spirits investorsShareholders of USL may not tender their shares in open offer being made by Diageo as current market price is 25% higher than United Spirit...
- Diageo in talks to buy Turkish spirits maker Mey IckiDiageo Plc, the world's largest alcohol player, is in preliminary talks to buy Turkish spirits maker Mey Icki for as much as USD 2.5 billio...
- Mallya meets Diageo team today for USL stake saleMallya and his senior team will be meeting their Diageo counterparts on Wednesday in New York for the stake sale.
- Mallya meets Diageo team today for USL stake saleMallya and his senior team will be meeting their Diageo counterparts on Wednesday in New York for the stake sale.
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