Barely a year after U.K. drinks giant Diageo won a majority stake in India's United Spirits, a boardroom battle is giving the company a sore head.» Read More
PARIS, Jan 22- Remy Cointreau on Thursday reported third quarter cognac sales well ahead of forecasts, driven by robust demand for premium qualities in the United States while shipments to China improved on weak year-ago comparables. The maker of Remy Martin cognac, Cointreau liqueur and Mount Gay Rum said group sales reached 269.1 million euros in the three...
Venezuela's currency controls give consumers cheap Scotch and Barbies, even as they struggle with shortages of staple products such as milk and medicine.
CARACAS, Dec 23- Venezuelan shoppers line up outside a Caracas liquor store to buy bottles of Buchanan's 12- year Scotch whisky at half the usual cost, a deal made possible by a state subsidy that gave cheap dollars to import them. The same subsidy, provided under the country's three-tiered exchange control system, helps a Caracas merchant do thriving business in...
Some of Wednesday's midday movers:
LONDON, Dec 17- Alcoholic drinks maker Diageo forecast flat sales for the first half of its financial year in the United States, its biggest and most profitable market, after demand over Thanksgiving fell short of its hopes. Part of the reason for the weaker performance is that Diageo is more heavily discounting Smirnoff vodka in the United States as it aims to...
Guinness plans to offer a series of limited-edition, luxury beers. Would you pay $35 for a bottle?
The "Fast Money" traders share their final trades of the day.
European shares closed lower on Thursday after trimming losses, tracking U.S. markets which partially recovered after visiting correction territory.
Investors, by and large, have ignored fundamentals in the ongoing selloff, five-star fund manager David Herro told CNBC on Thursday.
Select Japanese and European equities hold the greatest potential right now, Morningstar's Fund Manager of the Decade David Herro says.
Spirits maker Pernod Ricard reported full-year underlying profit growth of 2 percent, in line with expectations.
European shares closed lower on Thursday with investors reacting to quarterly earnings and some disappointing data from the euro zone.
Diageo CEO Ivan Menezes, discusses the company's quarterly results and shares his thoughts on emerging market consumers.
Diageo posted weaker-than-expected earnings on Thursday, hurt by a slowdown in China and volatility in other emerging markets.
Ivan Menezes, CEO of Diageo, says despite weakness in China, the drinks company will continue to focus on the emerging markets.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
With demand growing, distillers are selling more whiskeys without an age noted. So much more matters when it comes to a good whiskey.
European shares closed flat on Monday, at the start of a week packed with important economic data.
Emerging markets got plenty of love from top mutual fund managers at the Morningstar Investment Conference in Chicago this week.
A battle between two liquor companies over who has the right to label their whiskey as following authentic Tennessee style.