India's FSSAI warned Diageo that its Royal Challenge whisky misleadingly claimed maturation in American oak casks, while using mostly non-matured spirit and artificial flavoring.
Nuovo sciopero del gruppo Diageo a Milano programmato per il 27 agosto contro il licenziamento di 96 dipendenti su 127. I sindacati denunciano la mancanza di soluzioni adeguate per le ricollocazioni nonostante i forti profitti dell'azienda.
Diageo chief executive Dave Lewis has announced a $1 billion cost-cutting and restructuring plan, slashing organic net sales growth expectations through 2029 amid slowing global demand for alcoholic beverages.
Suntory Spirits is shifting its strategy in France, moving towards entry-level products due to declining spirit consumption and geopolitical tensions. The company, which previously aimed to dominate the premium French whisky market, now sees less appeal in the super-premium segment amidst a 5% drop in overall spirit sales last year.
Diageo shares rose 2% after Trump announced removal of 10% tariffs on Scotch whisky in honor of King Charles. UK house prices unexpectedly increased 0.4% in April with annual growth reaching 3.0%, while NatWest reported Q1 profits of £1.4bn despite setting aside £140m for potential economic worsening.
