Waterford Distillery's thwarted ambition highlights spirits industry's choppy waters [Yahoo! Finance]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
Company Research
Source: Yahoo! Finance
rate and energy cost pressures, consumers feeling the strain, changing attitudes to alcohol among younger drinkers, ongoing pressures on international trade, with the looming prospect of tariffs from the US to Europe to the Far East. Beyond declining turnover and dips in share prices, the real-world consequences of the trading environment are now being felt. The craft distilling boom of the 2010s, buffeted by the Covid-19 pandemic, has become, for many, an existential battle for survival. Higher-profile casualties have emerged, too. In August, Sweden's Mackmyra distillery – one of the pioneers of the world whisky movement – filed for bankruptcy. On 27 November, not one but two businesses on opposite sides of the Atlantic followed suit: Stoli Group USA and Waterford Distillery in Ireland. The Stoli story is a complex one, involving a devastating cyberattack that may or may not be attributable to the Russian State. But it should be noted the company also highlighted the broader is
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DEO
Sec Filings
- 12/2/24 - Form 6-K
- 11/1/24 - Form 6-K
- 10/1/24 - Form 6-K
- DEO's page on the SEC website