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But how is the maker of brands like Johnnie Walker, Smirnoff and Ketel One faring now as the world’s economy continues to slow?
It reported a 2% increase in profits this quarter, while sales jumped 10%.
Diageo CEO, Paul Walsh, says that alcohol sales are “doing fantastically well. Our reserve brand portfolio globally is now over one billion pounds in sales… I don’t see that changing.”
The eurozone situation specifically isn’t hampering growth for the company, either. “We grew Johnnie Walker in Europe 5%… We grew Captain Morgan in Europe 25%, our beer business is fine.” And Asia is one of its fastest growing markets.
Walsh also believes that the growth should only continue, even if the global slowdown gets worse.