What do you do when sales decline? If you’re Diageo, you move to Africa. Diageo, the maker of Smirnoff vodka and Johnnie Walker whisky, has been a global liquor powerhouse for years. However, the company’s growth has been slowing in its traditional markets of North America, Asia-Pacific, Latin America and the Caribbean. In other words, …
NY Times – DealB%k
- The Global Turn Away From Free-Market Policies Worries Economists April 17, 2024More countries are embracing measures meant to encourage their own security and independence, a trend that some say could slow global growth.
- Inflation in U.K. Slows to 3.2%, Lowest in More Than 2 Years April 17, 2024As the economy cools, pressure is building on the Bank of England to cut interest rates.
- F.T.C. Said to Consider Blocking Major Fashion Merger April 17, 2024Regulators are expected to meet next week to discuss the $8.5 billion deal between Coach’s owner, Tapestry, and Michael Kors’s parent company, Capri Holdings, which would create a U.S. luxury conglomerate.