Diageo

Earlier in the day, a Bloomberg report had said that Diageo is looking for potential suitors for its IPL franchise with a valuation of around Rs 17,000 crore.

United Spirits shares rise 2% to hit 5-month high as report says parent Diageo explores stake sale in RCB

Bloomberg reported, citing sources, that Diageo has been holding discussions with potential advisers as it weighs possibilities, and may seek a valuation of as much as Rs 17,000 crore

Diageo weighs options for stake in Royal Challengers Bengaluru

The British distiller has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club

More trouble for Diageo as CAG points to lapses in liquor quality control in Delhi

In a report on Delhi Liquor policy, CAG has pointed out that Delhi's excise department issued licenses to wholesalers despite compliance lapses.

India alleges Diageo, Sequoia Capital made suspicious payments to influence decisions

The CBI said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly on sales of imported duty-free liquor.

Diageo is said to weigh Ciroc Vodka sale after Diddy tie-up ends

Diageo is studying a sale of Cîroc following the settlement in January of a lawsuit with Combs where he accused the spirits company of racism in its alleged neglect of Cîroc Vodka and another liquor brand called DeLeón Tequila

Diageo submits financial documents in Delhi police investigation: Report

Hina Nagarajan, the CEO of Diageo's Indian unit, United Spirits, was summoned to appear before New Delhi police on July 26 in the case that relates to company's supply of liquor to government agencies running alcohol shops and payments received from the city between 2017 and 2020.

Diageo India issues clarification after reports say CEO Nagarajan summoned by Delhi Police

The company said the Delhi Police has sought information about operations from a company representative and not CEO Hina Nagarajan specifically

Diageo Plc appoints Nik Jhangiani as new CFO, Lavanya Chandrashekar steps down

Nik Jhangiani will be taking up the position and joining Diageo’s Board and Executive Committee in Autumn 2024.

Premium liquors to dominate profitability in future, says Diageo India CEO

Speaking about what could help the industry progress Nagarajan mentioned that pricing unlock, and tax harmonization can help the business.

Diageo lifts profits on higher prices

Diageo said profit after tax rose to £3.73 billion ($4.76 billion) in its financial year to the end of June from £3.25 billion in 2021/22.

In today's ruthless corporate world, Sir Ivan Menezes stood out for channeling his inner Gandalf

Very few in life are blessed with the genes, talent and intelligence of an Ivan Menezes. Not to mention his warmth, humanity and endeavours to leave the world a better place, all the while ensuring James Bond’s tipple of choice, Tanqueray gin, is up to the mark!

Ivan Menezes, Diageo's India-born CEO passes away at 64

Ivan Menezes, who had planned to retire at the end of this month, passed away after being hospitalized for various medical conditions, including a stomach ulcer.

Spirit war brews up as Delhi refuses to renew sales licence of Pernod Ricard

The excise department of the government of the national capital territory of Delhi had last week decided not to renew the sales licence of Pernod Ricard, said official sources. India is one of the growth markets for Pernod Ricard.

Johnnie Walker, Absolut Vodka makers have women leaders: Meet Debra Crew and Ann Mukherjee

Diageo appointed Chief Operating Officer (COO) Debra Crew as CEO to replace retiring long-time boss Ivan Menezes, becoming one of only a handful of women to lead a company in Britain's blue-chip FTSE 100 index.

Johnnie Walker maker Diageo names Debra Crew as new chief

The world's biggest spirits company, which makes Johnnie Walker whisky, Tanqueray gin and Don Julio tequila, said Crew, 52, would take up her new role on July 1, bringing the total of female CEO of FTSE 100 members to 10.

Gin to telecom: Ryan Reynold's wide-ranging business interests

Telecommunications giant T-Mobile acquired US budget wireless provider Mint Mobile, a firm co-owned by actor Ryan Reynolds.

Diageo Pauses Some Whiskey Sales in India to Push Price Hikes

United Spirits Ltd has paused whiskey sales in a number of states yet to budge on price caps despite rising inflation.

USL to seek shareholders' nod on August 9 for 'slump sale' of business linked to 32 brands

The proposed slump sale of business associated with 32 brands is part of USL's transaction with Inbrew Beverages.

Diageo India sees double-digit growth from scotches; steps up premiumisation

Diageo India will be focusing on accelerating luxury and premium portfolio of scotch whisky, strengthening participation in upper prestige.

United Spirits to sell 32 popular brands to Inbrew for Rs 820 crore

USL and Inbrew have executed definitive agreements for the sale of the entire business undertaking associated with 32 brands, including iconic brands Haywards, Old Tavern, White-Mischief, Honey Bee, Green Label and Romanov, for a total cash consideration of approximately Rs 820 crore

Storyboard18 | Indian single malts could overtake global single malts: Diageo’s Deepika Warrier

Deepika Warrier, chief marketing officer, and Vikram Damodaran, chief innovation officer, Diageo India, talk about Godawan craft whiskey and how they see 2022 as a year of advocacy, and not volumes or sales.

Inbrew emerges as lead bidder for Diageo Indian Brands

Inbrew is negotiating final terms of a deal and could reach an agreement as soon as the coming weeks.

Paternity leave is gradually coming out of closet at workplace

But companies need to normalise paternity leave, make sure and spell out that this wont hamper career growth, getting right assignments or the appraisal of male employees, say experts.

Storyboard18 | 2022 - Definitely, Maybe: Premium tipple trends and rise of women consumers

Predictions are a risky business. But we’re bravely venturing again to list the many ways things will change in the future. In these articles, we have industry leaders and experts trying to future-gaze and capture the transformative and disruptive ideas and trends that will 'change everything as we know it'. (Or not.) In 2022, definitely, maybe.