New markets thirst raises glasses, Diageo profits

New markets thirst raises glasses, Diageo profits


The growing thirst of emerging markets for whiskey, gin and vodka cheered Guinness and Baileys firm Diageo on 23 August as its western markets continued to suffer a debt hangover, Breaking news reported.

The group reported an 11% profits hike in the year to June 30, with spirits fuelling more than 80% of its growth as Johnnie Walker whiskey enjoyed an “exceptional” 15% sales surge, driven by strong demand in countries such as South Africa, Brazil and Asia Pacific.

And Smir...


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