Monthly Archives: March 2020

Pernod Ricard Sees 20% Drop in Profit from Recurring Operations

Posted on March 25, 2020 by Donna Whitaker

Pernod Ricard said it now believes the coronavirus will lead to a drop in profit from recurring operations of about 20% this fiscal year.

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Debra Crew to Lead Diageo North America as Mahlan Retires

Posted on March 25, 2020 by Donna Whitaker

Crew, 49, has served as a non-executive director of Diageo since April 2019.  She will step down from the board immediately and will succeed Deirdre Mahlan as president of

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‘Normal’ May Start to Return in Mid-May

Posted on March 25, 2020 by Donna Whitaker

If “normal” means the resumption of major league sports, target a date in mid-May.  That’s when Major League Baseball expects to resume play, the league says, citing

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Barenberg: Bev/Al ‘Highly Exposed’ to Major Disruptions in Hospitality

Posted on March 25, 2020 by Donna Whitaker

“The short-term shock to demand from the COVID-19 virus is worse than what we saw in 2008-09 with the financial crisis,” Barenberg’s beverage analysts said in a note to clients

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Bacardi Commits $3 Million to Support Bar & Restaurant Industry

Posted on March 25, 2020 by Donna Whitaker

Bacardi Ltd. today launched #RaiseYourSpirits, an initiative to support bars and restaurants debilitated by the COVID-19 shutdown.

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DISCUS Members Donate Over $8 Million to Aid Bartenders, Others

Posted on March 25, 2020 by Donna Whitaker

Distilled Spirits Council of the U.S. (DISCUS) said its member companies are collectively donating more than $8.37 million to the U.S. Bartenders Guild Foundation

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