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Product Launch - Diageo's Captain Morgan Cannon Blast

2015-10-14 18:15:00| Daily beverage news and comment - from just-drinks.com

Diageo has launched a shot variant under the Captain Morgan brand, called Cannon Blast.

Timeline - Diageo's retreat from wine and beer

2015-10-14 12:03:32| Daily beverage news and comment - from just-drinks.com

In early September, analysts at Nomura ran the rule over a possible SABMiller merger with Diageo. Anheuser-Busch InBev now looks certain to take control of SABMiller, but Diageo - wrestling with stock price weakness and currency headwinds - has been far from quiet. Here's a just-drinks rundown on the Guinness and Johnnie Walker owner's movements in the past few weeks, which have seen it withdraw from some of its wine and beer investments.

Tags: wine beer retreat timeline

Treasury Wine to buy bulk of Diageo's UK, U.S. wine assets for $552 million

2015-10-14 02:16:28| Beverages - Topix.net

The company said the purchase of brands including Sterling Vineyards, Yellow Tail, Blossom Hill and Piat d'Or as well as the Chateaux & Estate Wine business in the U.S. would immediately double its luxury and "masstige" - or mass prestige - net sales revenue in that country. The deal advances a turnaround plan under Chief Executive Officer Michael Clarke, brought in last year to rethink the company's growth strategy after a disastrous foray into the U.S. saw it destroy thousands of cases of unsold low-end wine.

Tags: buy million wine assets