Partner Interview
Published April 28, 2025
Diageo: Premiumization Trends and Prepared Cocktails
inpractise.com/articles/diageo-navigating-premiumization-and-missed-opportunities-in-prepared-cocktails
Executive Bio
Former VP at Diageo and Former VP at Reyes Beer Distribution
Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
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Obviously they have great spirit brands. What are they missing? A mixer or just the brand?
They were very hesitant to dive into the prepared cocktail space, understanding it would be a margin drag, which was counterintuitive to the organization's direction. However, they realized then, and probably regret now, not taking a bigger stand in that space. As more consumers migrate to that segment and more sales come from there, that's where growth is happening. It's difficult to gain market share when you're not a major player in the single category that's growing rapidly.
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