Friday, February 26, 2010

Diageo fires shot at Bacardi in Caribbean rum war (The Malaysian Insider)

NEW YORK, Feb 24 – Diageo PLC accused rival Bacardi Ltd of trying to drive its Captain Morgan rum production out of the United States in order to protect its own substantial rum subsidies from the Puerto Rican government. Guy Smith, executive vice president of Diageo North America, said in a news release on Tuesday that Bacardi is leading a “hidden campaign” to drive Diageo's Captain Morgan rum ...

For the complete story, click HERE.

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