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Joel Whitaker

How Dave Lewis Is Reshaping Diageo

"We are not buying. We are not selling. This is an organic turnaround. And basically, we have what we need to turn the business around." That was Diageo CEO Dave Lewis at Diageo's Capital Markets Day Thursday (8/6). If it's successful, it will

Diageo Profit Plunged 26% in Year as Net Sales Eased 3% (Organic Sales -2%)

Diageo plc reports for the year ended June 30 net profit of $1.96 billion, or 78.1 cents a share, on net sales of $19.64 billion. Volume eased 0.4% resulting in a negative price/mix of 1.6%. The company attributed the negative price mix to U.

SipSource Finds 'Signs of Stabilization Emerging'

One of the Golden Rules of forecasting is to predict either a time or a trend, but never both at the same time. And so it is with the latest SipSource report which says, "After more than two years of declines, SipSource data shows volume and revenue trends are

For 4th Consecutive Year, Champagne Reduces Bottle Cap

Like the OPEC oil cartel, Champagne growers and houses agree on an annual production cap, and this year the marketable yield has been set at 8,800 kg/ha, equivalent to about 250 million bottles, the lowest since Covid. David Chatillon, co-president of the Comite Champagne, described the model

KLG PR Named Agency of Record for Black Irish

KLG PR has been named the agency of record for Black Irish, a collection of premium Irish cream liqueurs created by award-winning artist Mariah Carey. Reimagining a beloved holiday classic with exceptional quality, indulgent flavor and modern sophistication, Black Irish is rooted in Mariah Carey’s unique legacy to

Unreined Whiskey Opens Visitor's Center, Rickhouse in College Station

Unreined Whiskey today announced the grand opening of its visitor's center and rickhouse at WildHorse Ranch in College Station, Texas, taking place Saturday, Aug. 8. The Unreined rickhouse, where spirits are stored and aged, is based on traditional Kentucky-style rickhouses, offering guests a rare opportunity to step

US Service Sector Remains Robust, But Hiring Weakness Persists

Economic activity in the services sector continued to expand in July, with the Services PMI registering 54.1%, the 25th consecutive month in expansion territory, according to the Institute for Supply Management Services PMI Report. That's consistent with 2.5% GDP growth, but they also suggest there is