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The coffee major, which is targeting €500m in savings, is centring its efforts on a “strategic” set of ten brands.
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Diageo said it was looking to “optimise resources and support the sustainable future growth” of the business.
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"Now we have a range that fits very well with cachaça and with mezcal and with Tequila, so it's a natural fit," co-founder Joyce de Haas said.
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The Oyster Bay brand owner made Annabell Murray acting CEO earlier this year, following the departure of managing director Steve Carden.
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The Finland-based company said the move is part of its “tightening scope and US market entry plans”.
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“Caution is still called for,” the Bureau National Interprofessionnel du Cognac said.
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The Irish whiskey producer said the distillery is “open for business”.
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In a statement, AGCO said it has imposed a “monetary penalty” of C$40,000 on the wine maker over unfair retailer promotions.
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