Diageo’s Ray Chadwick Talks Wine

Last week at Diageo’s Investor Conference, Ray Chadwick, President, Diageo Chateau & Estate Wines, gave some insight into Diageo’s wine business and the overall industry’s performance.Ray said Diageo is “well positioned” in the wine industry and exceeds 300 million cases. By 2010, the U.S. is projected to be the largest wine market, overtaking France and Italy. In terms of wine trends, Ray said the premium priced category (above $10) is growing at a significantly higher rate than the overall market.