Lewis, who served as group chief executive for Tesco between 2014 and 2020, will look to reverse the struggling giant’s fortunes amid declining sales across the spirits industry. “We are delighted to welcome Dave as Diageo’s new chief executive officer,” said Diageo chair, Sir John Manzoni. “Having conducted an extensive and thorough global search, the board unanimously felt that Dave has both the extensive chief…
Reported net sales declined by 2.2% in the first quarter of fiscal 26, with reported growth in Europe, and the Latin America and Caribbean regions unable to fully offset year-on-year declines in Africa, North America and Asia Pacific. The negative performance in Africa, however, was attributed to portfolio disposals, as reflected in the region’s organic growth of 8.9%. “Net sales were flat organically in Q1,…
The organisation has partnered with Queena Wong, founder of Curious Vines, and the WSET to support the non-profit’s beneficiaries with WSET Level 1, 2 and 3 Awards in Wine. Since its formation in 2020, Equal Measures has provided fully funded WSET Level 1, 2 and 3 Awards in Spirits. This expansion marks the first time it will offer the equivalent wine qualifications. “It has always…
Lagfin owns more than 50% of the shares in Campari and has 80% of voting rights, the confiscation of shares has been ordered as part of a year-long investigation into how the company absorbed its Italian arm. On Saturday, Italian financial authorities said that the confiscation of shares had been a “precautionary seizure order”. In a statement, a spokesperson from Campari distanced the company from…
The acquisition adds to Zamora’s premium wine portfolio which includes Ramón Bilbao and Mar de Frades. “As a family business, we believe in building long-term value based on authentic brands with soul and roots. Godeval represents all of that: history, quality and a deep respect for its origins,” said José María de Santiago, president of Zamora Company. “This acquisition allows us to continue expanding our…
Commercial vermouth has existed since the late 1700s. As seemingly with all bitter things, it was originally a health tonic, produced by monks and sold out of apothecaries. Eventually, it spread beyond its humble roots of Turin pharmacies and became adopted by high society. The name reflected its climb in social rank. After the most significant medicinal ingredient in the recipe it was originally named…
The lawsuit, filed in Miami-Dade County, claimed that Diageo North America had falsely marketed its Casamigos and Don Julio tequila brands as 100% agave and had “known the truth of the ingredients in the products.” In the motion to dismiss, Diageo has said that the “plaintiffs’ claims are not only false, they are the definition of implausible.” A Diageo spokesperson said: “We have moved…
The duo has been at the helm of the festival since its inception but the purchase marks the first time the pair will have full ownership of London Cocktail Week themselves. …
Tequila has become a category driven by the expectations of an increasingly demanding consumer base. Perhaps no category has had such an extreme evolution in reputation over the past 15 years as tequila. Back then, outside of a small group of fanatics, tequila wasn’t something that met the threshold for analysis, but now, conversations around the category are dominated by additives and authenticity. “There’s been…
The criminal complaint was filed personally by Remberto Galván Cabrera, a legal representative of Agaveros 100 Por Ciento de Origen Mexicano (Indigenous Agave Farmers of Mexico). The complaint, for the “crime against public health”, names three defendants: “a well-known chain of wine and liquor stores”, “a multinational chain of self-service stores”, as well as tequila’s governing body, the CRT. The filing claims to have scientific…
