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☆ See inside this 'ghost' whisky distillery in Scotland that's back from the dead
▼ + stars: | 2024-05-05 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +2 min

Port Ellen Distillery has been a 'ghost' distillery for 40 years, inactive but with available stock. We visited the Port Ellen on it's reopening day, take a look inside. But that doesn't stop it from being a key piece of the billion-dollar scotch whisky industry. Scotch whisky is easy to find on the island; there are even cases lining the airport waiting room. We visited Port Ellen on the day it reopened in March to find out why people pay thousands of dollars for its single-malt Scotch whisky.

Persons: Ellen, It's, Port Ellen, —, Scotland — Organizations: Port, Service, Diageo Locations: Islay, Scotland, Port

☆ Why Scotland’s ‘ghost’ whisky distilleries are coming back to life
▼ + stars: | 2024-04-13 | by ( Angus Mackinnon | ) edition.cnn.com time to read: +10 min

Courtesy Port Ellen DistilleryAcross the courtyard, the new still room resembles a vast industrial greenhouse with four shiny new copper stills as its exotic plants. “It is important that we recreate that classic Port Ellen character that people love, but we also want to be doing things we’ve not done before,” says McDonald. Courtesy Port Ellen DistilleryA glimpse into that past comes in the musky surroundings of warehouse number two with a dram drawn straight from a cask filled in 1979. Port Ellen is hoping to attract upscale whisky fans to sample a by-appointment-only Atlas of Smoke Experience. “At the moment, Port Ellen is expensive because it is so old and so rare.

Persons: Carol Ann Duffy’s, ” “, Ellen, ”, attar, Port Ellen, Roy Duff, Dramface.com, Ardbeg, Hijiri, Alexander McDonald, McDonald, Port, Port Ellen Gemini, Ellens, There’s, Dramface’s Duff, ” Emily Burnham, “ Organizations: Scotland CNN, Port, Ellen, Diageo, North America —, Smoke Locations: Islay, Scotland, Isle of Islay, Wuyi, Port, Scottish, —, Highland, Brora, Falkirk, Scotland’s, Hong Kong, Kilnaughton Bay, Antrim, Northern Ireland, Mull, Kintyre, North, America, United States

☆ Sean ‘Diddy’ Combs: The ups and downs of a ‘bad boy’ turned businessman
▼ + stars: | 2024-03-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: +9 min

CNN —Sean “Diddy” Combs once traced his success back to a pair of shoes. With his legacy in question, this particular chapter of the story of Sean “Diddy” Combs is currently punctuated more by an ellipsis than a period. Jessie James Combs, Chance Combs, Diddy, D'Lila Combs and Justin Dior Combs attend in September of 2023. Members of law enforcement are seen outside of Sean "Diddy" Combs' home in Los Angeles on Monday. He was briefly stopped by law enforcement and subsequently releasedThe source would not reveal Combs’ vacation destination or current whereabouts.

Persons: Sean “ Diddy ” Combs, ”, Combs, he’s, Puffy, Diddy, Love, Christopher Wallace, B.I.G, Wallace, Chance ”, Sean Combs, “, Faith Evans, ” Combs, Wendy Williams, Wallace’s, Justin, Misa Hylton, Kim Porter, Christian, Twin, Jessie James, Jessie James Combs, Chance Combs, D'Lila Combs, Justin Dior Combs, Jason Kempin, Chance, Sarah Chapman, Dana Tran, Sean Jean, — Combs, wasn’t, Sean John, Sean John’s, Sean, Shannon Stapleton, “ Sean Combs, Cassie Ventura, ” Aaron Dyer, ” Dyer, Mary J, Blige, MGK, Janelle Monáe, CNN’s John Miller, Elizabeth Wolfe, Eric Levenson, Denise Royal, Elizabeth Wagmeister, Carlos Suarez Organizations: CNN, Department of Homeland Security, Bad Boy Records, Ciroc, Global Brands Group, Diageo PLC, Reuters, Diageo, Bad Boy Entertainment, Miami Locations: Manhattan, Quincy, Los Angeles, Miami

☆ Diddy is one of hip-hop's richest and most powerful businessmen. Take a look at his net worth and web of influence.
▼ + stars: | 2024-03-26 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

Read previewFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Mr. Combs is innocent." Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her."

Persons: —, Sean Combs, Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Diddy, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean John, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe, Sean Jean Organizations: Service, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami

☆ How Diddy got to be one of hip-hop's biggest businessmen
▼ + stars: | 2024-03-26 | by ( Madeline Berg | Kelsey Vlamis | ) www.businessinsider.com time to read: +10 min

AdvertisementFederal officials raided the Los Angeles and Miami homes of Sean Combs on Monday. Despite media speculation, neither Mr. Combs nor any of his family members have been arrested nor has their ability to travel been restricted in any way. Within the first two years of the partnership, annual sales grew from 75,000 to 400,000 cases, according to a lawsuit Combs filed against Diageo last year. "She recognized that she was powerless, and that reporting Mr. Combs to the authorities would not alter Mr. Combs's status or influence but would merely give Mr. Combs another excuse to hurt her." AdvertisementIn a separate lawsuit filed in November, Joi Dickerson-Neal alleges that Combs drugged and assaulted her in 1991.

Persons: Sean, Diddy, Combs, He's, —, Sean Combs, Casandra Ventura, Ventura, Cassie, Rodney Jones Jr, Lil Rod, groping, Aaron Dyer, Mr, Craig Mack, Faith Evans, Mase, B.I.G, Forbes, Sean Jean, they'd, DeLeon, He'd, Mark Wahlberg, Ciroc, Ethan Miller, Zack O'Malley Greenburg, Jay, — he's, he's, Kerry James Marshall, Andy Warhol, Keith Haring, Jean, Michel Basquiat, Joi Dickerson, Neal, Jane Doe Organizations: Service, Federal, Federal Homeland Security, AP, Business, Bad Boy Records, Uptown Records, East, Bad, Arista Records, Global Brands Group, Diageo, of, Hulu, Combs Enterprises Locations: Los Angeles, Miami

☆ High spirits in Hollywood: What’s behind the boom of celebrity liquor brands?
▼ + stars: | 2024-03-09 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +8 min

New York CNN —Why does actor Aaron Paul co-own a mezcal brand? Rob Kim/Getty Images for NYCWFFIt’s an “opportunity, to be honest,” Cranston told CNN. Celebrities are attractive to the spirits space because of their clout and connections, so the industry has “the door open. Four years later they sold the tequila brand to liquor giant Diageo for $1 billion, and the industry gold rush was on. The side of a Casamigos delivery truck promoting George Clooney and Rande Gerber's tequila brand in a 2015 photo.

Persons: Aaron Paul, Bryan Cranston, —, Niro, Issa Rae, Dwayne “, ” Johnson, Matthew, Camila McConaughey, Eva Longoria, Casa Del, Kendall Jenner, Shirley Temple, Warren Beatty, Rob Kim, ” Cranston, George Clooney, Rande Gerber, George Rose, Ryan Reynolds, Conor McGregor, Jose Cuervo, Michael Yanover, Yanover, Jeff Spicer, ” Lisa Hawkins, , Drizly, Dwayne Johnson, Mike Segar, ” Andrew Chrisomalis, Tequila, Ed Mundy, ” Mundy, Sean “ Diddy ” Combs, Combs, Jennifer Lopez’s Delola, Lopez, she’s, Delola, Paul, Cranston, Dos, ” Applebee’s, ” Aaron Paul, CAA’s Yanover, “, There’s, Kylie Jenner, Kendall, It’s, I’ve Organizations: New, New York CNN, Hombres, Hollywood, Dos Hombres, Food Network New York, Food Network New York City Wine, Food Festival, CNN, Diageo, Aviation, UFC, Creative Artists Agency, ”, Reuters, Jefferies, Diddy, New York, New York City Wine, Applebee’s Locations: New York, Casa Del Sol, Food Network New York City, Hollywood, New York City, Iowa, Applebee’s

☆ Searching for your Irish ancestry? Guinness’ archives could help you reconnect with your roots
▼ + stars: | 2024-03-08 | by ( Catherine E. Shoichet | ) edition.cnn.com time to read: +6 min

“It’s, unfortunately, one of the biggest barriers to Irish family history research,” says Crista Cowan, corporate genealogist for Ancestry. The 1.6 million records come from what might sound like a surprising source: the archives of Ireland’s famed Guinness brewery. The Guinness brewery has a storied pastResearchers combing through the newly released files might stumble upon some celebrity connections, too. Courtesy Guinness Archive, Diegeo IrelandArthur Guinness signed a 9,000-year lease on a Dublin brewery in 1759. Courtesy Guinness Archive, Diageo IrelandWorkers generally entered the Guinness workforce at age 14, according to a description of the records on the company’s website.

Persons: “ It’s, ”, Crista Cowan, they’ll, Patrick’s, Cowan, ” Cowan, “, who’s, John O’Brien, Liam Neeson, Graham Norton, Bono, Arthur Purcell, who's, Purcell, Arthur Guinness, “ Guinness, …, Eibhlin Colgan, ” Guinness, Guinness, ‘ Organizations: CNN, Public Records, Ireland’s, Guinness, Diegeo, Records, Brewery, Diageo, Diageo Ireland Workers Locations: Dublin, St, Ireland, Diegeo Ireland, United Kingdom, United States, Diageo Ireland, James’s, James's

☆ Zoom CFO explains how the company serves remote and in-person workers
▼ + stars: | 2024-02-27 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Zoom CFO Kelly Steckelberg told CNBC's Jim Cramer on Tuesday that the company is not just a video conferencing platform, saying it has successfully broadened its offerings. The great thing is that Zoom has tools to support them no matter where they are in that work journey." A staple for many during the pandemic, Zoom suffered as more people returned to offices and in-person events. Zoom CEO Eric Yuan lauded the success of the product during the company's conference call, saying it's "broadening the funnel into the Zoom platform." Steckelberg knocked Zoom's primary competitor, Microsoft , suggesting that some may be involuntarily shepherded into using the tech giant's Teams program.

Persons: Kelly Steckelberg, CNBC's Jim Cramer, they've, Steckelberg, Eric Yuan, we're Organizations: Broadcom, Diageo, Contact, Microsoft

☆ Spirits sales beat out beer and wine for second straight year, despite little growth
▼ + stars: | 2024-02-07 | by ( Brandon Gomez | ) www.cnbc.com time to read: +2 min

Matthew Horwood | Getty Images News | Getty ImagesThe spirits industry held its market share edge over beer and wine for the second straight year in 2023, even as it showed little growth, according to new data released Wednesday. U.S. spirits revenue grew only a modest 0.2% last year to $37.7 billion, according to the Distilled Spirits Council of the U.S. annual economic report. Although the industry gained little total revenue, it outpaced beer and wine sales by 0.4% and 26.1%, respectively. "The phenomenal sales growth we saw during the pandemic was unprecedented and unpredictable but also unsustainable, and now, the spirits market is recalibrating." Tequila and mezcal, blended whiskey and American whiskey are among the fastest growing spirits categories by revenue.

Persons: Matthew Horwood, Chris Swonger, Swonger Organizations: Getty, U.S, Diageo, LVMH, Constellation Brands Locations: Cardiff, United Kingdom, U.S

☆ Jim Cramer explains how investors can pick stocks in an overbought market
▼ + stars: | 2024-02-01 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Jim Cramer said investors can pick stocks that are "oversold within an overbought market." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Powell, we're, Locker, Wynn, Stanley Black, Wells, Jim Cramer's, Jim Organizations: CNBC, Fed, Treasury, Super, Apple, Adidas, Constellation Brands, Diageo, GE Healthcare, Honeywell, Jim Cramer's Charitable Locations: Macao, China

☆ Diageo CEO: Premiumization is the right strategy
▼ + stars: | 2024-01-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDiageo CEO: Premiumization is the right strategyDebra Crew, CEO of the British alcoholic beverage company, says the market is not seeing "linear progression."

Persons: Premiumization, Debra Crew Organizations: Diageo

☆ Jim Cramer calls out this simple strategy to help weather earnings and Fed market volatility
▼ + stars: | 2024-01-30 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Stay patient: Jim Cramer on Tuesday expressed concern that if investors try to act amid this market volatility, they're going to end up being wrong, which is why we're staying patient. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell, Danaher, Wells Fargo, Morgan Stanley, Wynn, Estee Lauder, Ming Chi Kuo, we're, Jim, Jim Cramer's Organizations: CNBC, Federal, Nvidia, Microsoft, Apple, Ford, General Motors, Costco, Constellation Brands, Diageo, Jim Cramer's Charitable Locations: Amazon

☆ UPS could be a strong long-term stock at current levels, says Decatur Capital CEO
▼ + stars: | 2024-01-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUPS could be a strong long-term stock at current levels, says Decatur Capital CEODegas Wright, Decatur Capital CEO, joins 'The Exchange' to discuss how to trade Whirlpool, Diageo, and UPS.

Persons: Degas Wright Organizations: Decatur Capital, Whirlpool, Diageo, UPS

☆ AI era is a 'seismic moment' in tech we've not seen in a decade, top Meta exec says
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a decade, according to a top executive at Facebook parent company Meta Platforms. "This is a seismic moment," Mendelsohn said, in conversation with CNBC's Tania Bryer at the World Economic Forum in Davos, Switzerland. In her role at Meta, Mendelsohn leads relationships with top marketers and agencies. She is also a seasoned advertising executive, with past experience including partner and executive chairman at London advertising agency Karmarama, and non-executive director of alcoholic beverages firm Diageo. Last year also marked a major pivot toward artificial intelligence for Meta — an area where the company plays a key role with its LLaMA large language model.

Persons: Nicola Mendelsohn, Mendelsohn, CNBC's Tania Bryer, Mark Zuckerberg's Organizations: Facebook, Meta, Economic, Diageo Locations: Davos, Switzerland, London

☆ Cramer’s Stop Trading: Diageo
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer’s Stop Trading: DiageoCNBC’s Jim Cramer explains why he is keeping an eye on shares of Diageo plc.

Persons: Jim Cramer Organizations: Diageo, Diageo plc

☆ Diddy and Diageo Are Breaking Up
▼ + stars: | 2024-01-16 | by ( Jennifer Maloney | Michael Susin | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/retail/diageo-settles-disputes-with-rapper-diddy-939ed63c

Persons: Dow Jones Organizations: diageo

☆ Diddy and Diageo part ways in settlement of racism accusations
▼ + stars: | 2024-01-16 | by ( Micah Washington | ) www.cnbc.com time to read: +2 min

Sean "Diddy" Combs and Diageo said Tuesday they have broken ties and settled the music mogul's accusations that the spirits giant neglected his vodka and tequila brands. Mr. Combs has withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against Diageo with prejudice." Diageo and Combs added that they have "no ongoing business relationship, either with respect to Cîroc vodka or DeLeón tequila, which Diageo now solely owns." In November, Diageo filed a letter aiming to prevent Combs from appearing in DeLeon tequila ads after the singer Cassie accused him of rape and abuse. Cassie and Combs settled the singer's lawsuit that month, only a day after she filed it.

Persons: Sean, Diddy Combs, Debra Kelly Ennis, Guy Smith, Diddy, Stone Rose, Combs, DeLeon, Cassie, Don Julio, Johnnie Walker Organizations: Diageo, Diageo North, Stone, Time Warner Center, New York Supreme, Combs, CNBC PRO Locations: Diageo North America, New York City, London, New York, Manhattan

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

CANBERRA, Australia (AP) — Survivors of the harmful morning sickness drug thalidomide were in the public gallery Wednesday when Australia’s Parliament made a national apology to them on the 62nd anniversary of the drug being withdrawn from sale in the country. “Today, on behalf of the people of Australia, our government and this Parliament offers a full unreserved and overdue apology to all thalidomide survivors, their families, loved ones, and carers,” Albanese said. The apology was recommended in 2019 by a Senate inquiry into the support that was available to aging thalidomide survivors. The government will fulfill another recommendation Thursday by opening a memorial in Canberra in recognition of thalidomide survivors and their families. Australia established a support program in 2020 that is providing lifelong assistance to 148 survivors, and Albanese said his government was reopening the program to survivors who had yet to register.

Persons: thalidomide, Anthony Albanese’s, “, ” Albanese, Trish Jackson, ” Jackson, Albanese, Jackson, “ It’s Organizations: —, Australian Broadcasting Corp, Diageo Scotland Ltd Locations: CANBERRA, Australia, Canberra, Zealand, British

The letter came after a series of lawsuits Combs filed against Diageo, whose other brands include Johnnie Walker, Don Julio and Smirnoff. Diageo ended the Cîroc partnership over the summer, saying at the time that Combs had breached his contract. That period, the company said, "happens to correspond with the pendency of Combs Wines' original lawsuit against Diageo." Diageo didn't respond to requests for comment. Revolt didn't respond to a request for comment.

Persons: Cassie, Sean, Diddy, Combs, Johnnie Walker, Don Julio, Smirnoff, Roberta Kaplan, Casandra Ventura, Ventura, Harve Pierre, Pierre, Pierre didn't, @Diddy, Dawn Montgomery, Montgomery, Kelly, Kesha, they'd, Faith Evans, Sean John streetwear, Sean John, Sean John's, Evan Nierman, wasn't Organizations: Diageo, New York Times, Combs, Bad Boy Records, Boy Entertainment, NBC News, Bad, Variety, Combs Enterprises, Love Records, Motown Records, Nordstrom, Saks Locations: New York, London, Los Angeles

[1/5] Taiko Nakamura samples whisky barreled in the year he founded at his distillery in Shizuoka, Shizuoka Prefecture, Japan October 25, 2023. The explosion of craft whisky in Japan follows a boom and bust in the industry. Last week, Sotheby's offered what it claimed was the most valuable collection of Japanese whisky at auction, headlined by a 52-year old bottle that sold for 300,000 pounds ($373,830). Suntory, Japan's biggest and best-known whisky maker, recently invested 10 billion yen ($67 million) to upgrade its distilleries, including its Yamazaki site. "I believe we need to put all our effort into making Japanese whisky that lives up to the quality of the Japanese whiskies made by our predecessors," he said.

Persons: Rocky Swift, Suntory's, Taiko Nakamura, Long, whiskies, Sotheby's, Shinji Fukuyo, Casey Wahl, Kamui, Shizuoka's Nakamura, Miral Organizations: REUTERS, Suntory, trailblazer, Nikka, Asahi Group, Japan's, Japanese distillers, Diageo, IJW Whiskey, Nikkei, Thomson Locations: Shizuoka, Shizuoka Prefecture, Japan, Yamazaki, Scotland, Hong Kong, Japanese, Komasa Kanosuke, Kentucky, Hokkaido, American, Rishiri

☆ Guinness Maker’s Morning After Offers Little Reassurance
▼ + stars: | 2023-11-16 | by ( Aaron Back | ) www.wsj.com time to read: 1 min

Diageo’s brands include Johnnie Walker Scotch whisky, Tanqueray gin and Guinness beer. Photo: ANDREW KELLY/REUTERSGlobal liquor giant Diageo is reeling from the sudden death of its longtime chief executive in June followed by a profit warning last week that tanked the stock. But its real problem is more fundamental: the slow pace of sales in North America after an initial, post-Covid surge.

Persons: Johnnie Walker Scotch, ANDREW KELLY Organizations: REUTERS Global, Diageo Locations: North America

☆ Can Tequila Really Go Global? This Booze Boss Is Giving It a Shot
▼ + stars: | 2023-11-14 | by ( Saabira Chaudhuri | ) www.wsj.com time to read: 1 min

LONDON—Shortly after taking the helm at the world’s largest spirits maker, Diageo CEO Debra Crew made a bold proclamation: She plans to take tequila global. Following a surge in popularity in the U.S., tequila is on track to become the country’s largest spirit this year, an extraordinary milestone for a drink once associated mainly with sugary margaritas and eye-watering shots.

Persons: Debra Crew Organizations: Diageo Locations: U.S

☆ New Diageo Boss Bets She Can Make the World Love Tequila
▼ + stars: | 2023-11-14 | by ( Saabira Chaudhuri | ) www.wsj.com time to read: 1 min

Persons: Debra Crew Organizations: Diageo Locations: U.S

☆ Australia to apologise half a century after 'Thalidomide tragedy'
▼ + stars: | 2023-11-13 | by ( Renju Jose | ) www.reuters.com time to read: +2 min

Thalidomide was the active ingredient in a sedative widely distributed to many mothers in Australia and around the world in the early 1960s. "The thalidomide tragedy is a dark chapter in the history of our nation and the world," Albanese said in a statement. An Australian woman, who was born without arms and legs after her mother took Thalidomide, in 2012 won a multi-million dollar settlement from Diageo Plc, the local distributor. In 2010, Diageo agreed to make an A$50 million ($32 million) payment to 45 victims in Australia and New Zealand. There are 146 Thalidomide survivors registered with the government, though the exact number of affected is unknown.

Persons: Anthony Albanese, Joe Biden, Leah Millis, Thalidomide, " Albanese, Gruenenthal, Albanese, Renju Jose, Tom Hogue, Gerry Doyle Organizations: Australia’s, U.S, White, REUTERS, Rights, U.S . Food, Drug Administration, British, Diageo Plc, Diageo, New Zealand, Thomson Locations: Washington , U.S, Australia, U.S, United States, Australian, New, Sydney

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