Today is the 80th anniversary of the repeal of Prohibition. The Twenty-First Amendment was ratified on December 5, 1933.» Read More
*Heineken's new shares were collateral on loan extended to UB Group- source. MUMBAI, Dec 11- The Netherlands' Heineken NV has become the largest shareholder of India's United Breweries Ltd after its stake inched past that of liquor baron Vijay Mallya.
PARIS, Nov 28- France's Veolia Environnement expects revenue from food and agricultural firms to grow by over 50 percent to 1 billion euros in a few years from 650 million in 2012 as regulation and cost-cutting drive them to recycle.
*China slowdown, higher advertising to weigh on H2. The maker of Remy Martin cognac, Cointreau liqueur and Mount Gay Rum said wholesalers in China were still running down high inventories and it did not know when demand could pick up, with sales prospects for the Chinese New Year in February looking bleak.
*China hits profits at Remy, Hugo Boss. LONDON, Nov 26- European shares lacked the momentum to extend a rally to multi-year highs on Tuesday, a mixed outlook for corporate earnings underlined by downbeat signals from Remy Cointreau and Hugo Boss.
LONDON, Nov 21- SABMiller, the world's second-largest brewer, said emerging markets would continue to drive sales and earnings while European and North American consumers drink less beer.
Some of the names on the move ahead of the open.
Local liquors like cachaça in Brazil, baijiu in China and Indian whiskey are under attack as the emerging middle class develops a premium taste.
*Q1 underlying sales in Asia down 6 pct, China falls double-digit. The world's No.2 spirits group by sales after Britain's Diageo said it expected demand in China to start improving only from the second half of the year, which ends in June 2014. China is its second-largest market after the United States, accounting for 12 percent of sales.
The Paris- based OECD published letters from European companies including Diageo and Gazprom and groups representing the biggest U.S. multinationals asking it to reconsider proposed measures on transparency and on tackling tax avoidance, saying the plans could hit trade and investment.
*China weighs on Diageo, Remy but not SABMiller. *SABMiller, Diageo's shares up; Remy Cointreau down. Stifel Nicolaus analyst Mark Swartzberg also said SABMiller was "navigating better than Diageo".
LONDON, Sept 26- Companies increasingly factor extreme weather into their strategic planning and a report from the United Nations due on Friday is expected to underscore the heightened risks they face.
ADDIS ABABA, Sept 17- When global drinks giant Diageo bought a brewery in Ethiopia, it paid a premium for a stake in a barely tapped African market that in the 1980 s had spectacularly failed to feed its own population.
European shares closed higher on Friday, boosted by weak U.S. jobs data that assuaged fears of an imminent end to quantitative easing.
As water becomes increasingly scarce, brewers of beer are racing to secure a steady supply of their most prized ingredient by using less of it. NBC News reports.
If you’ve got the time – Cramer’s got the trade.
Baijiu, the most popular alcoholic drink you've probably never heard of, could make its way to a liquor store near you soon.
Bill Ackman seems to have more than his fair share of enemies. And Cramer thinks they’re about to gang up on him.
LONDON, Aug 6- Times are getting tough for European firms in emerging markets where HSBC talks of a cyclical "slowdown", Diageo sees "choppy conditions" and Unilever views deceleration as the "new normal".
*HSBC caps gains as emerging market businesses hit earnings. LONDON, Aug 5- European shares paused near two-month highs on Monday as disappointing results from global bank HSBC revived concerns about earnings from emerging markets and offset gains for domestic-oriented stocks such as Lloyds.
NEW YORK, July 31- Diageo Plc may be close to a deal that would help it reclaim its dominant position in the global tequila market, according to a senior executive.