07 November 2025
07 November 2025
Tequila, which accounts for around 13% of Diageo’s group sales, is seeing slowing demand in the US, a key market for the spirit.
The company said CFO Graeme Jenkins and CCO Doug Bagley will lead the business.
EU wine trade body the CEEV said the "reduced alcohol" terminology was "less comprehensible to consumers".
The Aktobe location will mark the group's fourth plant in the country.
The appointment was announced alongside a set of mixed third-quarter financial results, which included another cut to sales and earnings forecasts.
“We are shifting from being a water-first company to waters and better-for-you beverages” – Muriel Lienau tells Just Drinks.
After three years at the helm, Oettinger boss Stefan Blaschak is to leave his role in summer 2026.
The debate stems from the 2018 Agricultural Improvement Act that legalised industrial hemp at the federal level, provided it contains less than 0.3% THC.
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