on 31 July, 2013

Listening to BBC Radio 4 this morning (July 31), I heard the voice of the new chief executive of Diageo. Ivan Menezes coped well with the busy, bustling questions from the Beeb’s city correspondent in the minute or so allotted to the interview.

Diageo has reported steady net sales growth of 5%, despite Asia Pacific's revenues slowing and Western Europe continuing to falter.

Diageo has announced that its corporate relations director is to leave the company.

Diageo will have a new leader at the helm within two months having announced Ivan Menezes will succeed Paul Walsh on July 1 this year.

Diageo, has reported 5% organic and 6% reported net sales growth for the nine months to 31 March 31. Volume was up 1%.

Diageo CEO Paul Walsh today said down-trading markets in southern Europe could have a positive effect on Diageo’s Scotch brands.

A series of actions designed to strengthen and expand existing efforts to reduce the harmful use of alcohol, have been agreed by the world’s leading producers of beer, wine and spirits.

CEO of Diageo, Paul Walsh, has outlined the potential of the global baiijiu market and has stated that the company is ready for further acquisition in the category.   

Diageo has struck an agreement to acquire Turkey's "leading" spirits company, Mey Içki.

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Nick Strangeway

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