DIAGEO ON THE PROWL FOR WINE

Based on a report released today by analysts CTI Investment Research, UK publication Harper’s is reporting that Diageo is looking for beer, spirits and wine acquisitions. In particular, Diageo is considering both small and larger scale wineries. As you’ll recall, Diageo, along with E&J Gallo, was reportedly in talks to acquire Fortune’s wine assets before it struck a deal with Constellation.

CTI believes Diageo runs “risks to top line growth...especially in emerging markets and the U.S.” To read more, click here.