Diageo’s Nuno Teles on Expanding Share in Seltzer and On-Premise

Dear Client: Diageo Beer Co. reported another strong fiscal year last week, with volumes growing 8% and net sales growing over 10% for the 12 months through June.  Their FMB sales grew 18% on continued growth of Smirnoff Spiked Seltzer and Smash, with Guinness up 3% for the year and dollar sales up 7% for the latest quarter.  "Things are moving at a fast pace," said DBC chief Nuno Teles to BBD. "We doubled our growth rate from 5% to