Name: Diageo profits drop despite soaring demand for Guinness
Uploaded: 2024-01-30T07:08:34-05:00
Duration: 5 min
Description: Drinks giant Diageo revealed a slump in profits over the past half-year as it was particularly weighed down by a plunge in demand in Latin America and the Caribbean. The Guinness and Gordon’s gin maker saw shares dip in early trading on Tuesday after it revealed some shoppers are shifting towards cheaper drinks. However, its […]

Tag: Diageo

Diageo profits drop despite soaring demand for Guinness

Drinks giant Diageo revealed a slump in profits over the past half-year as it was particularly weighed down by a plunge in demand in Latin America and the Caribbean. The Guinness and Gordon’s gin maker saw shares dip in early trading on Tuesday after it revealed some shoppers are shifting towards cheaper drinks. However, its […]

Sean ‘Diddy’ Combs settles racism dispute with spirits giant Diageo

Diageo has settled a dispute with Sean “Diddy” Combs after the US rapper accused the UK spirits giant of racism. Mr Combs withdraw his legal action and all allegations as part of the resolution. Last year, the music mogul’s business began legal action claiming that the DeLeon tequila brand co-owned by the two groups, and […]