Menezes: “Signs of Life in Fall Retail Sales”

Dear Client: Diageo's North American president and chairman of the Asia-Pacific region told investors this morning that he is starting to see some encouraging signs in the US. "The fiscal 2011 situation remains unsettled, but we see signs of recovery. There is still high unemployment and low consumer confidence, but there are emerging, positive signs of life in fall retail sales," said Ivan Menezes, as reported by Dow Jones. Ivan added that Jose Cuervo is showing "sequential" volume growth, despite