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Beverages – World News
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Diageo appoints Sir Dave Lewis as new Chief Executive Officer effective January 2026
Sir Dave Lewis to succeed Nik Jhangiani as Diageo CEO, bringing decades of global leadership and brand-building experience.
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Lotte Chilsung Q3 operating profit climbs 16.6%
Lotte Chilsung posts higher third-quarter profits driven by global “K-drink” exports and growing demand for zero-sugar beverages.
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Molson Coors reports nearly US$4B impairment as sales continue to decline
The US brewer behind Coors Light and Molson Canadian faces a major financial hit and job cuts amid falling sales.
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Diageo cuts sales and profit forecast amid weak demand in US, China
The maker of Guinness and Johnnie Walker lowers its sales and profit outlook as consumer demand slows in key markets.
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Italian authorities seize US$1.49B in Campari shares amid alleged tax fraud
Italy’s tax agency seizes €1.29 billion (US$1.49B) in Campari shares over alleged tax evasion linked to holding company Lagfin.