31 January 2024
31 January 2024
“We believe in premiumisation,” Diageo CEO Debra Crew told reporters.
The Atlanta-based business has closed its Series A funding round – and attracted the Japanese giant.
Exports of Australian wine declined 2% in value 3% in volume in 2023, while Hong Kong saw 74% value growth and 28% volume growth.
Tequila's sales hit $2.33bn, marking a year-on-year increase of 12%. Volumes were up by 9.8% at 6.5 million nine-litre cases.
It is assumed ‘not for EU’ labelling will need to be included on products shipped from Great Britain to Northern Ireland.
The Nordic wine-and-spirits group is looking to bolster its profits.
The US group made a loss at an adjusted EBITDA level in its last fiscal period – but sees that swinging into the black in its new financial year.
French law does not permit the use of purification techniques on products labelled as ‘spring’ or ‘mineral’ water.
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