DiageoNYSE: DEO

Celebrating the power of community and opening the space for bold spirits to create and inspire together. NEW YORK , Nov. 20, 2024 /PRNewswire/ -- Today, DELEÓN Tequila is launching its new campaign "Bold Spirits, Rise" celebrating those who embrace their creative drive (or spirit) and inspire others to do the same.

Diageo's lack of growth and declining revenues make it a risky investment despite its long history and presence in the staple industry. FY24 results show a 1% revenue decline and 12% drop in earnings per share, highlighting the company's problems. Diageo's market share is vulnerable due to increased competition from smaller brands and influencers, with no clear path for long-term growth.

Diageo needs its leading stout beer Guinness to keep growing fast and is pushing a zero alcohol alternative. But price hikes are turning off some UK customers and opening the door to rivals such as Heineken's Murphy's.

Diageo is struggling in LatAm due to the downtrading of beer and emerging spirits. Global volumes are down, but pricing strategies are mitigating revenue hits. Despite concerns, Diageo offers an attractive valuation and a solid shareholders' return.

DEO has been committed to strengthening its portfolio of brands and countering challenges like a cautious consumer market and retailer inventory adjustments.

The actor steps into next role as the steward of exceptional holiday moments in an exclusive collaboration with the iconic vodka brand NEW YORK , Oct. 30, 2024 /PRNewswire/ -- Known for toasting moments of celebration and making occasions remarkable, Ketel One Family Made Vodka is excited to announce actor and entrepreneur, Patrick Schwarzenegger as the brand's very first "Spirit Advisor," this holiday season. Through a multi-platform campaign including engaging social media content and exciting seasonal cocktails, Ketel One will deliver consumers all the tools necessary to embark on an extraordinary holiday season.

WESTERVILLE, Ohio--(BUSINESS WIRE)--DHL Supply Chain and Diageo North America announced plans to incorporate two fuel cell electric trucks, powered with hydrogen, to their U.S. fleet.

Diageo's "Show Your HBCU Spirit" Initiative Announces Homecoming & Classic Activations and Continues its Ongoing Scholarship Distributions NEW YORK , Oct. 18, 2024 /PRNewswire/ -- Diageo North America continues to celebrate Historically Black Colleges and Universities (HBCUs) with unique and engaging activations at Homecomings and Classics throughout the 2024 fall season. Together with its brands Casamigos, Crown Royal and Guinness, Diageo is honoring HBCU culture and the longstanding traditions of Homecoming at Howard University in Washington, DC, and football Classics in Alabama and Louisiana.

Dublin, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The "Glass Packaging Market Report 2024-2034" has been added to ResearchAndMarkets.com's offering. World revenue for the Glass Packaging Market is forecast to surpass US$67.7 billion in 2024. Collaboration and Partnership Between Market Players Opportunities for the Market Growth Collaboration and partnerships between market players present significant opportunities for the growth of the glass packaging market. In an increasingly interconnected global economy, strategic alliances allow companies to leverage each other's strengths, resources, and capabilities to drive innovation and market expansion. By joining forces, companies can enhance their product offerings, expand their market reach, and achieve economies of scale that can lead to cost efficiencies. One of the key advantages of collaboration in the glass packaging industry is the ability to combine expertise in different areas of the value chain. For example, manufacturers can partner with recycling facilities to improve the collection and recycling rates of glass packaging materials, thereby enhancing the sustainability credentials of their products. Collaborations can also facilitate access to advanced technologies and production methods, enabling companies to develop innovative glass packaging solutions that meet evolving consumer preferences and regulatory requirements. This collaborative effort can influence policymakers and industry stakeholders to prioritize initiatives that enhance the overall sustainability of the packaging industry. For instance, on 12 Dec 2023, Diageo has partnered with ecoSPIRITS to introduce ecoTOTEs, aiming to replace single-use glass bottles and potentially eliminate up to 1,000 bottles over their lifespan. This initiative, set to debut in 2024, will initially focus on brands like Gordon's gin, Captain Morgan rum, and Smirnoff vodka, employing reusable 4.5-litre containers akin to kegs. The move underscores Diageo's commitment to reducing carbon emissions and waste in the spirits industry through sustainable packaging solutions. Demand for Paper Packaging Hinders Glass Packaging Market Growth The glass packaging market is facing significant challenges due to the increasing demand for paper packaging solutions. This shift is primarily driven by growing consumer preferences for environmentally friendly and sustainable packaging options. Paper packaging is often perceived as eco-friendlier because it is biodegradable and sourced from renewable resources, which aligns with the rising environmental consciousness among consumers. As a result, many industries, including food and beverage, cosmetics, and personal care, are adopting paper-based alternatives to meet these consumer demands. Additionally, regulatory pressures and policies aimed at reducing plastic waste are inadvertently benefiting paper packaging solutions. Governments and environmental organizations are advocating for reduced reliance on materials that contribute to landfill waste and pollution, thereby promoting the use of recyclable and biodegradable materials such as paper. This trend is accelerating the shift away from traditional glass packaging, which, while recyclable, is perceived as less environmentally friendly compared to paper packaging.