Diageo GB: wine business grows 14%
Diageo GB: wine business grows 14%
Aug 25, 2011 6
Diageo’s wines business in Great Britain delivered “strong results” with net sales growth of 14% — driven by a healthy Bordeaux campaign, growth in en primeur, and price increases on Blossom Hill.
Globally, the drinks giant posted full year net profits up 17% to £1.9bn, citing emerging markets as the main growth driver. Scotch whisky volumes were up 16% in emerging markets, while its premium reserve portfolio, which includes Zacapa rum and Tanqueray 10 gin, grew 24% in developed markets.
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