25 October 2024
25 October 2024
A “worsening economic environment” has ushered in a €50m ($54.1m) cost-savings programme.
While the Coca-Cola bottler did not disclose the exact number of bottles recalled, media reports suggest it amounts to around 28 million.
Diageo has invested more than €60m in Guinness 0.0 since it was launched in 2021.
Growing numbers of big alcohol players are taking action in no-and-low, be it through M&A, brand extensions or investments in production.
The Samuel Adams owner said it had booked a $42.6m impairment for the beer brand.
The Cuervo Tequila owner believes the US spirits market will remain “challenging” in Q4 and has lowered its target for group net sales in 2024.
Since March 2020, an average of three late-licensed music venues have shut each week in the UK, the NTIA said.
The 7Up maker will initially purchase a 60% shareholding in the brand for roughly $990m.
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