Juan Beckmann could become the biggest shareholder in drinks group Diageo under a proposal to sell his Jose Cuervo tequila business in return for shares.
DRINKS giant Diageo will invest £230 million in expanding its capacity in Nigeria this year as sales across the African continent have doubled to £1.3 billion in the past five years.
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Two years after its decision to close facilities in Kilmarnock and Glasgow, there is still some lingering bitterness towards multinational whisky producer Diageo, and for understandable reasons.
The world's biggest spirits maker, Diageo is understood to be considering a $2 billion (£1.2bn) bid for tequila brand Jose Cuervo as consolidation within the global drinks sector intensifies.
Drinks giant Diageo looks set to swallow one of Poland's largest vodka companies as it continues its acquisitions spree into emerging markets.
DRINKS giant Diageo has cut its ties with Scotland's most prominent alcohol awareness charity over controversial moves by the campaigning group to link the impact of alcohol to that of smoking.
DRINKS giant Diageo unveiled a step-change in its Turkish business yesterday by splashing out £1.3 billion on raki spirits maker Mey Icki to again tap the growing middle class in emerging markets.
Scotch whiskies ranked among the top-performers at Pernod Ricard which yesterday posted a 14 per cent rise in profits amid renewed speculation that it is in a tussle with Diageo to acquire some of the Fortune Brands portfolio.
SPIRITS giant Diageo revealed yesterday it had a warchest of "many billions of pounds" for potential takeovers, as it also warned of costcutting in bombed-out markets such as Ireland, Greece, and Spain.
DIAGEO, the world's biggest spirits company, is likely to disappoint investors this week by putting share buybacks on ice as it hoards a war chest for potential blue-chip brand acquisitions.
Johnnie Walker-maker Diageo has settled a two-year dispute with a rival firm over the name of a "confusing" vodka-based drink.
DRINKS giant Diageo has demanded an overhaul of the tax system for alcohol which would see hikes in duty for wine, beer and cider.
TOUGH markets in North America and Europe have failed to dent Diageo's profits progress, the world's biggest spirits group is expected to reveal this week alongside news as to whether it has beefed up a marketing budget that was slashed in the recession.
THIRSTY senior citizens or silver sozzlers, as they are sometimes known, have been known to blow their pensions on drink.
GROUNDWORK has started on the expansion of facilities at Leven, in Fife, that will lead to the closure of Diageo plants in Kilmarnock and Glasgow.
MSPs have today quizzed the Scottish directors of alcohol producer Diageo over plans to cut 900 jobs and raised questions over the company's £400m advertising budget.
THE head of drinks giant Diageo is to appear before MSPs after the firm's decision to axe 900 jobs last year.
THE LEADERS of drinks company Diageo are to face questions over the firm's decision to shed 900 staff in Scotland.
SPIRITS giant Diageo aims to make inroads into the Asian market share of arch-rival Pernod Ricard following its £610 million bid for a Chinese white spirits maker unveiled last week.
SCOTLAND's biggest distiller has revealed that drinkers cutting back on luxury brands in the downturn had hit its half-year profits, but that the UK had outperformed tougher markets.