Skip to content
Search
AI Powered
Human content, AI powered search.
Latest Stories

Diageo to invest $500 million in tequila production

Diageo to invest $500 million in tequila production
Kiran Paul
By Kiran PaulOct 01, 2021
Kiran Paul
See Full Bio

Spirits major Diageo said on Thursday it will invest $500 million (£372m) to increase its tequila production capacity in Mexico and help it meet local and international demand for the alcoholic beverage.

The president of Diageo for Latin America and the Caribbean, Alvaro Cardenas, said the company will begin to build the company's third local manufacturing in the La Barca municipality of the western state of Jalisco.

"We're going to have an investment of more than $500 million dollars to expand our operations here," said Cardenas at an event in Jalisco.

"It is the most significant investment we have made in Latin America and the Caribbean in the last 10 years," he added.

diageotequila

Related News

Bestway Group mourns loss of Abdul Khalique Bhatti
Industry News

Bestway Group mourns loss of Abdul Khalique Bhatti

iStock.jpg
Industry Reports

Expenditure over Christmas 'expected to be held back'

More for you

Retailers must brace for 'spending squeeze' as consumer confidence 'nosedives'

Retailers must brace for 'spending squeeze' as consumer confidence 'nosedives'

Retailers could find themselves facing a New Year spending squeeze as public confidence in the state of the economy took a nosedive, show recent industry data.

According to BRC-Opinium data released today (23), consumer expectations over the next three months of their personal financial situation remained at -3 in December, the same as in November.

Keep ReadingShow less
Spreading joy: Convenience retailers shine bright this Christmas

One Stop Carlton Convenience store

Spreading joy: Convenience retailers shine bright this Christmas

With Christmas spirit in full swing, convenience retailers across the UK are stepping up to spread joy, warmth, and a sense of togetherness within their communities.

From heartwarming events to dazzling decorations, convenience stores are going beyond their daily operations to create magical moments for customers.

Keep ReadingShow less
Bestway turns to CVA to shed vacant shops

Bestway turns to CVA to shed vacant shops

Bestway Group is turning to a company voluntary arrangement (CVA) to exit about 35 vacant shops which previously traded as Bargain Booze and Wine Rack off-licences, stated recent reports.

According to Sky News, Bestway Group has informed landlords about plans for a company voluntary arrangement (CVA) for its Bestway Retail arm as it wanted to exit dozens of leases tied to shops which lie vacant within its retail estate.

Keep ReadingShow less
Sugro UK enables member wholesalers get essential equipment savings
Sugro UK

Sugro UK enables member wholesalers get essential equipment savings

Sugro UK, member-owned buying and marketing group with over 90 members and a combined turnover of over £2.5 billion, has further enhanced its membership offering by giving wholesalers within the group an opportunity to source and save on essential equipment items for their business needs.

Under the new partnership, Sugro members will now have access to their own dedicated account manager at Partington Engineering Limited Ltd who will guide them through a range of solutions to save time and money on moving and storing goods.

Keep ReadingShow less
Trade union calls for 'respect, decent break' for retail staff

iStock image

Trade union calls for 'respect, decent break' for retail staff

Retail trade union Usdaw today (23) called on the shopping public to show respect for shop workers, stating that the busy pre-Christmas shopping period leaves retail workers exhausted and in need of a proper break.

Paddy Lillis – Usdaw General Secretary says, “By the time retail workers get to Christmas Eve, they will have been through a very busy run-up to Christmas. Our members tell us that incidents of verbal abuse are much worse in December and through to the New Year, when shops are busy, customers are stressed and things can boil over.

Keep ReadingShow less