He added: “You knew they were going to go for something at a cheaper price point than DeLeón. This brand will compete with Patrón - super-premium is where it is at in terms of growth. Diageo would still like Jose Cuervo but it will not overpay for it, so they could still go somewhere else. The key thing with Diageo is that it is particular about its brands.”
Diageo’s Tequila spree might not be over
27 January, 2014
Diageo’s latest super-premium tequila acquisition does not mean the group will not head downstream to a volume brand, says Jeremy Cunnington, senior drinks analyst at Euromonitor International.