Diageo PLC
Here are 5 key trends shaping the liquor industry as spirits overtake beer for the first time
A bartender creates specialty cocktails made with Casamigos at the opening party for Alo Miami on December 16, 2021 in Miami, Florida. Jason Koerner | Getty Images CHICAGO — The spirits industry is overcoming economic headwinds to meet changing consumer preferences as it chips away at the dominance of beer. Spirits revenue market share grew […]
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Here’s why Diddy is suing Diageo over his vodka and tequila brands
Diddy attends The After hosted by Diddy & Doja Cat powered by Ciroc Premium Vodka and DeLeon Tequila at Club Love on May 01, 2023 in New York City. Shareif Ziyadat | Getty Images Sean “Diddy” Combs is suing multinational spirits giant Diageo for alleged racial discrimination in the handling of his vodka and tequila […]
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Warren Buffett’s Berkshire Hathaway provides Cash A single and these other shares to holdings
Warren Buffett’s Berkshire Hathaway made a slew of alterations to its enormous equity portfolio past quarter, including incorporating a economic stock all through the hottest banking disaster, in accordance to a new regulatory filing. The Omaha-primarily based conglomerate constructed a new stake in Cash One Financial in the 1st quarter, worth much more than $950 […]
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Prebiotic soda Olipop approaches $200 million in annual sales — and CEO says Coca-Cola and PepsiCo have already come knocking
Prebiotic soda maker Olipop is set to cross $200 million in annual sales this year, just five years after it arrived on grocery store shelves. Founder and CEO Ben Goodwin said beverage giants PepsiCo and Coca-Cola have already come knocking. But he’s not interested in cashing out just yet. “Right now, my focus is on […]
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Vita Coco wants its coconut water to be your cocktail mixer — and your hangover cure
Vita Coco water. Tim P. Whitby | Getty Images For nearly two decades, Vita Coco has sold its coconut water to health-conscious consumers as a fresh way to hydrate. This year, it’s changing the pitch. The beverage company is pushing its namesake brand into new use cases and occasions, partnering with Diageo on a canned […]
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“Rapid Money” trader Tim Seymour shares his 2023 purchases
ShareShare Article by means of FacebookShare Posting via TwitterShare Short article by using LinkedInShare Report by way of Electronic mail Buyers are searching for a refreshing get started for the markets immediately after 2022 hit several sectors tricky. Because September, “Quick Revenue” trader Tim Seymour has been telling CNBC Professional subscribers that 2023 could be […]
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Recession or not, investments in this sector have shown resilience in tough times
With the economic picture growing gloomier by the day, investors may be looking for sectors that have historically proven to be resilient during a recession. “Alcohol has the tendency to survive the times,” said Mark Neuman, chief investment officer and founder of Constrained Capital. His ESG Orphans exchange-traded fund, which has $1 million in assets […]
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Second strike at Liverpool to add to European port congestion, slow product delivery
A striking dockworker on a picket line outside the Port of Liverpool during a strike in Liverpool, UK, on Tuesday, Sept. 20, 2022. Bloomberg | Bloomberg | Getty Images Logistics experts are warning another strike set at the Port of Liverpool for Tuesday will only add to the existing delays in product delivery caused by […]
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Here is what to acquire and market amid the UK’s sector turmoil, cash managers say
Ever considering the fact that the U.K. govt announced its so-known as “mini-spending plan,” markets in London have been gripped by turmoil. The chaos driven by modern political situations has seen sterling tank to new historic lows from the dollar as many overseas buyers pulled out of the nation. The market-off in the U.K.’s currency […]
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A new wave of Uk port labor strikes starts, with ‘massive impact’ for Xmas offer chain
A putting dockworker on a picket line exterior the Port of Liverpool in the course of a strike in Liverpool, Uk, on Tuesday, Sept. 20, 2022. Dockers at Britains fourth-most significant container port voted unanimously to reject their companies most up-to-date fork out offer you — and stroll off the career for two months in […]
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