Weakness in Emerging Markets Hits Diageo’s Top Line
date:Aug 04, 2014
attractive industry, explains Ivan Menezes, chief executive of Diageo. Our regional performance has been mixed. In North America we have again delivered top line growth and significant margin expansion and our Western European business is now stable. Emerging market weakness, often currency related, but also including some specific issues, such as the anti extravagance measures in China, has led to weaker top line growth.

He continues: When I became CEO a year ago I aligned the business behind
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