Latest news with #KetelOne
News18
18-07-2025
- Business
- News18
Who Is Indian-Origin Nik Jhangiani? Diageo's Interim CEO After Debra Crew's Exit
Last Updated: Debra Crew stepped down as Diageo CEO, with CFO Nik Jhangiani named interim CEO. Diageo announced on Thursday that Debra Crew has stepped down as Chief Executive Officer and as a Board Director with immediate effect, by mutual agreement. Until a permanent appointment is made, Nik Jhangiani, Chief Financial Officer, will assume the role of Chief Executive Officer on an interim basis. Meanwhile, The Board has begun a comprehensive formal search process, which will include consideration of internal and external candidates. Who Is Nik Jhangiani? The Indian-origin Nik Jhangiani is a veteran in global finance having a rich experience working with global companies spanning form beverages and telecom sectors. He was appointed CFO of Diageo plc, the world's largest spirits company known for brands like Johnnie Walker whisky and Guinness beer, in September 2024 Before Diageo, he served as Senior Vice President and CFO at Coca-Cola Europacific Partners for over eight years. His earlier stints include: He also served as Group CFO for Bharti Airtel between 2009-2012. Group CFO at Coca-Cola HBC (2000–2009) Multiple senior finance roles at Coca-Cola Enterprises and Coca-Cola European Partners As interim CEO, Jhangiani is tasked with steering Diageo through a challenging period marked by a 20% share price decline, cooling demand in key markets, and a $500 million cost-cutting initiative. Nik holds a degree in Economics and Accounting from Rutgers Business School (Class of 1988). His academic foundation, coupled with over 25 years of financial leadership, positions him as a capable interim leader during Diageo's transition phase. About Diageo Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer categories. These brands include Johnnie Walker, Crown Royal, J&B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and is a global company, and our products are sold in nearly 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
03-07-2025
- Business
- Yahoo
1 Warren Buffett Stock Trading at a Once-in-a-Decade Valuation to Buy Now and Hold Forever
Warren Buffett is great at identifying companies with wide competitive moats trading at compelling valuations. This company has built a moat with its brands and barriers to entry. And its stock trades at a valuation as low as it's ever been in the last decade. 10 stocks we like better than Diageo Plc › Warren Buffett has made himself and the investors in Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) very wealthy by identifying companies trading at great value relative to their long-term outlook. Often times, political and economic environments will dull the near-term outlook for a business. Those are often opportunities for Buffett, particularly if he can identify impacted businesses that exhibit wide competitive moats. You can see that in some of Buffett's most recent purchases. For example, he has invested heavily into Constellation Brands (NYSE: STZ), which distributes some of the most popular Mexican beer brands in the U.S. Import tariffs threatened its core business, but it saw some relief as the tax on alcohol has been waived (but not the tax on the aluminum cans the drinks come in). Over the long run, however, it should be able to keep growing, making it a smart investment for those willing to buy and hold. But another Buffett investment looks like even better value with a decade-low earnings multiple and an even stronger business and competitive moat. Here's the Buffett stock value investors should buy now and hold forever. President Donald Trump's tariffs are a threat to any company relying on importing products into the United States. With a rise in costs for distributors or retailers, imports are set to see a rise in price to help offset those tariffs. While most of them are currently paused, the Trump tariffs are set to go into effect on July 9. That's bad news for companies that don't have much pricing power versus comparable low-cost replacements from domestic providers. But companies with unique products, brands, or limited domestic competition will fare much better in the face of Trump's tariffs. That's why Diageo (NYSE: DEO) looks like a great opportunity for investors right now. Diageo is the company behind brands including Johnnie Walker, Tanqueray, Ketel One, Don Julio, and many other premium spirits. It's also the home of Guinness, the iconic Irish stout. Its portfolio includes over 200 brands, and its sales span 180 countries. However, 39% of the company's sales were in North America last year. That means tariffs will take a big bite out of its business. Management estimates the 10% tariff will cost the company about $150 million per year. As such, distributors imported additional units into the U.S. last quarter, artificially inflating its net sales growth to 5.9% year over year. Investors should expect margin deterioration this quarter, management says, but sales growth may only fall back modestly. In other words, management is weathering the storm pretty well. The damage would be far worse if it weren't for the strength of Diageo's brands and its competitive position. Diageo's biggest moat comes from its brand names. While its portfolio spans all sorts of price points, it has put a significant focus more recently on acquiring and building premium brands. Not only does that give it more leeway to increase prices (since it doesn't compete on price), it also plays into the trend for drinkers focusing on higher quality spirits. Diageo's whisky brands like Johnnie Walker and Lagavulin benefit from the limited locations for scotch production. And it's tough for new competitors to enter the market because the aging process is an important factor for spirits like scotch, especially on the high end. Johnnie Walker Blue is a blend that includes rare whiskys aged as long as 60 years. In other words, there aren't very many replacement products for Diageo's spirits. That's further supported by management's expectations to exhibit operating leverage in 2026 and beyond, which should result in strong earnings growth. Even with mid-single-digit revenue growth, earnings per share should grow closer to 10% when combined with its share repurchase program. Management will pay a growing dividend each year on top of that. And with shares trading at a price-to-earnings ratio of just 15.6, near a decade low, the stock looks like an absolute bargain right now. Before you buy stock in Diageo Plc, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Diageo Plc wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Adam Levy has positions in Diageo Plc. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Constellation Brands and Diageo Plc. The Motley Fool has a disclosure policy. 1 Warren Buffett Stock Trading at a Once-in-a-Decade Valuation to Buy Now and Hold Forever was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
19-06-2025
- Entertainment
- Forbes
Why Ketel One Has Placed Such A Big Bet On The Martini
Ketel One has placed a big bet on marketing activations around the martini, including an event held ... More at The Polo Bar restaurant last year in New York City. Ketel One's big bet on the martini isn't just for National Martini Day on June 19. The Dutch vodka brand says it's all-in on the martini all year round. 'When that glass comes out, everyone thinks differently; there's an expectation that that person has a little bit more knowledge when it comes to cocktails,' Ryan Hughes, brand director at Ketel One, tells me during a virtual interview. 'That triangular-shaped glass has the opportunity to evoke a lot of emotions.' Over the past year, Ketel One's martini-focused campaigns have included a holiday campaign with actor Patrick Schwarzenegger and a second campaign with the White Lotus star that highlighted a vesper martini that blends Ketel One with Tanqueray gin and took inspiration from the hit HBO TV show. Most recently, Ketel One is offering a sweepstakes giveaway for three Dorsia memberships, partnering with the members-only platform that raised $50.4 million in seed and Series A funding earlier this year and helps members get tables at the restaurant hot spots that are the most difficult to book. Other recent activations have included influencer and media events at New York City restaurants The Polo Bar and Dante, as well as an espresso martini machine that can make cocktails in around 20 seconds for bars and restaurants. The consumers that Ketel One says it is targeting with these marketing campaigns are cocktail enthusiasts who tend to be older, more likely to live in a city and come from a higher income household. 'You need someone who's going to want to get away from a vodka soda and say, 'You know what, it's time for me to have a martini,'' says Hughes. Ketel One's martini marketing is also a nod to the brand's heritage. Ketel One was founded in 1983 by Carel Nolet Sr., part of a Holland family that has been distilling alcohol since 1691 and still retains 50% ownership of the brand after selling the other half to liquor giant Diageo for $900 million in 2008. His sons, Bob and Carl Nolet Jr., remain actively involved in managing the business. NEW YORK, NEW YORK - NOVEMBER 19: Patrick Schwarzenegger attends Ketel One Family Made Vodka ... More Celebrates Patrick Schwarzenegger As Its First-Ever Spirit Advisor at Times Square EDITION Hotel on November 19, 2024 in New York City. (Photo byfor Ketel One Family Made Vodka) Hughes credits Nolet Sr. for the brand's strong association with the martini. When he came to the U.S., he felt that no vodka he tried was able to shine in any of the cocktails he tried. 'And so when they created that vodka, it was always about creating unforgettable cocktail experiences,' says Hughes. Rival vodka brands have increasingly been placing bets on the martini, which is a popular drink order at the bar, ranging from the espresso martini to even mini variations. Many have the campaigns have starred celebrities, including a spot that debuted just last week from Grey Goose featuring Oscar-winning actress Zoe Zoe Saldaña, Tito's Handmade Vodka spot with TV personality and entrepreneur Martha Stewart around Dry January and last year's campaign by Pernod Ricard's Absolut vodka with 'Espresso' singer Sabrina Carpenter. 'We've created a leadership gap and everyone is noticing that,' says Hughes. 'They're now nipping at our heels.' Efforts to reinforce Ketel One's legacy association with the martini have paid off, according to the brand, which claims it has reached its highest level of U.S. household penetration in the last five years, citing data from market researcher Numerator. Ketel One also claims to have gained vodka market share for 105 consecutive weeks through May 24, citing data analysis from Nielsen and the National Alcohol Beverage Control Association. Hughes says the martini's versatility can also help lure in new drinkers, those that may prefer the citrus that comes from a lemon drop or coffee in an espresso martini. Other drinks that Ketel One have recently promoted include a peppermint espresso martini and a White Lotus inspired Thai chili espresso martini. He says there's further experimentation around botanicals, cucumbers and other unique flavors that Ketel One keeps a close eye on. 'Vodka is so versatile,' says Hughes. 'It has this blank canvas for people to be able to play with.'
Time Out
03-06-2025
- Entertainment
- Time Out
American Psycho's uber-exclusive Dorsia restaurant is popping up IRL in New York City
Move over, Via Carota. There's a new impossible table in town. For tonight only, the fictional white whale of the Manhattan dining scene, Dorsia—yes, that Dorsia—is coming to life in New York City, thanks to a partnership between Ketel One Family Made Vodka and hospitality-tech phenom Dorsia. And no, Paul Allen is not invited. A nod to the cult classic American Psycho, the IRL Dorsia pop-up will reimagine the iconic, never-quite-reachable restaurant as an immersive cocktail experience, where martinis come with a side of status—and a solid gold aesthetic. Hosted at one of the city's top restaurants (location: naturally undisclosed until you're on the list), the night promises 1980s excess with modern martini flair. Expect signature drinks like the "First Name Basis" (a dirty martini with blue cheese olives) and the "Power Suit," a savory, umami-laced concoction with tomato-infused Ketel One and horseradish. Yes, even the cocktails are dressed for success. In true Wall Street-era fashion, exclusivity is the main course. Beyond the velvet rope, guests will find a Ketel One martini tower, a cocktail-pick engraving station for personalized swag, '80s-inspired props (think vintage brick phones, Walkmans and briefcases) and retro Polaroids for that just-came-from-McCoy's photo shoot. Custom coasters, matchbooks and restaurant-style takeaways only add to the dinner party-meets-culture-club vibe. View this post on Instagram A post shared by Ketel One Vodka United States (@ketelone_us) Even if you're not on the guest list, you can still get a taste: Ketel One is giving away three coveted Dorsia Premium Memberships, which offer access to the world's toughest reservations and cultural events, to fans who comment 'IYKYK' on @KetelOne_US's Instagram post and tag a drinking buddy. And for those already dining at top-tier NYC restaurants, the 'Drinks on Dorsia' program unlocks signature Ketel One cocktails at participating venues, bookable via the Dorsia app. 'This collaboration will transform the Dorsia fantasy into a tangible experience,' said Ryan Hughes, the brand director for Ketel One Vodka, 'and offer culture and dining enthusiasts a taste of next-level hospitality centered around the art of a perfectly crafted cocktail.'
Yahoo
03-06-2025
- Business
- Yahoo
Ketel One Family Made Vodka Partners with Dorsia to Unlock Access & Celebrate their Vision of the Fictional Dorsia for One Night Only
Partnership to also offer insider perks, from coveted premium membership giveaways to martini experiences at NYC's top restaurants, for those in the know - If You Know, You Ketel NEW YORK, June 3, 2025 /PRNewswire/ -- Ketel One Family Made Vodka is teaming up with Dorsia, the global leader in the hospitality and tech space, best known for allowing its members access to the world's hardest to get restaurant reservations and most sought-after cultural experiences, to bring the legendary allure of the fictional Dorsia to life for one night only. For one unforgettable night on June 3, Ketel One Vodka will unite tastemakers who are truly in the know; those who recognize a defining cultural moment, live deep within dining and entertainment, and instinctively reach for a Ketel One Vodka martini to celebrate it. In partnership with Dorsia, Ketel One Vodka will reimagine the famously elusive restaurant from pop culture lore, transforming one of New York's most sought-after dining destinations into a cocktail-centric experience. This exclusive evening taps into today's cultural obsession for rare reservations and iconic entertainment moments, offering an immersive ode to those who expect more from a night out and know that every elevated evening begins with a Ketel One martini. IYKYKetel. Beyond the exclusive Dorsia door, Ketel One Vodka is also making other sought-after reservations easier to access through a highly coveted giveaway to three lucky winners, who will each receive a Dorsia Premium Membership, unlocking VIP reservations to world-class restaurants and cultural events. To enter, consumers must follow @KetelOne_US on Instagram, comment "IYKYK" #KetelOneSweepstakes on the giveaway post and tag a friend to have a cocktail with. Applicants must be 21+ to enter, subject to Official Rules. "At Ketel One, we believe in creating extraordinary moments that elevate the everyday and go beyond expectations," said Ryan Hughes, Brand Director, Ketel One Vodka. "This collaboration will transform the Dorsia fantasy into a tangible experience and beyond that, offer culture and dining enthusiasts a taste of next-level hospitality centered around the art of a perfectly crafted cocktail." To take the partnership to the next level, Ketel One Vodka is debuting the "Drinks on Dorsia" cocktail program at a curated selection of New York City's top restaurants, bookable on the Dorsia app. Members dining at participating venues can unlock a signature Ketel One cocktail; adding a touch of martini magic to their meal and turning an already desirable reservation into an unforgettable night out. For more information, please visit or follow along on Instagram @KetelOne_US. About Ketel One Family Made VodkaKetel One Family Made Vodka is inspired by 330 years and 11 generations of the Nolet Family's distilling expertise. Ketel One is crafted using only the highest-quality ingredients, including 100% non-GMO grain and is gluten-free. That quality has led to global recognition with Drinks International as the number one trending vodka in the world's best bars, a top ten bartenders' choice of vodka, and one of the best-selling vodkas in the world's best bars (Drinks International Brands Report, 2022). Inspired by the passionate pursuit of excellence in their craft, Ketel One continues to toast to the artists, trailblazers and innovators in the entertainment industry. Follow Ketel One Family Made Vodka on Instagram for additional inspiration and information: @KetelOne_US. About Diageo North AmericaDiageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, Bulleit and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Casamigos, DeLeon and Don Julio tequilas, Captain Morgan, Baileys, Tanqueray and Guinness. Diageo is listed on both the New York Stock Exchange (NYSE: DEO) and the London Stock Exchange (LSE: DGE) and their products are sold in more than 180 countries around the world. For more information about Diageo, their people, brands, and performance visit Visit Diageo's global responsible drinking resource, for information, initiatives, and ways to share best practices. Follow on Twitter and Instagram for news and information about Diageo North America: @Diageo_NA. About DorsiaDorsia, the global leader in the hospitality and tech space, is best known for allowing its members access to the world's hardest to get restaurant reservations and most sought-after cultural experiences. Dorsia was founded by CEO Marc Lotenberg, a seasoned entrepreneur and media executive renowned for leading innovative ventures in lifestyle, art and design. In an age where spontaneity and access are the ultimate luxuries, Dorsia members can touch down in any destination, from global hubs to seasonal hot spots, and immediately unlock the best dining, daylife, nightlife, and culture. Dorsia's mission is to transform the economy and experience of hospitality and events through its patented frictionless payments technology. // Follow on social @dorsia Media Contacts:Diageo NASydney Bullfrog + BaumElena DabbyKetelOneVodkaPR@ View original content to download multimedia: SOURCE Ketel One Family Made Vodka
