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Diageo Says Growth in U.S. Spirits Industry Slows

2014-12-18 05:27:01| Beverages - Topix.net

Diageo PLC said growth in the U.S. spirits industry slowed in the past year amid intense price competition and signs that drinkers are falling out of love with flavored vodka. The world's biggest liquor maker said an uneven economic recovery in the U.S. had eaten into sales across the industry and forced distillers to cut the prices of premium products.

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