This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Diageo Renews Distribution Agreements With Johnson Brothers And United Brokerage

Stocks in this article: DEO

NORWALK, Conn. and ST. PAUL, Minn., Dec. 5, 2012 /PRNewswire/ -- Diageo, the world's leading spirits, wine and beer company, and Johnson Brothers and United Brokerage, Inc. of Minnesota, today announced that they have entered into new agreements for North Dakota, South Dakota and Minnesota.

Under these agreements, Johnson Brothers will continue as the exclusive distributor for the Diageo portfolio of wines and spirits in North Dakota and South Dakota. They will also continue as the exclusive distributor for Diageo wines in Minnesota.  United Brokerage will continue as the exclusive broker for Diageo Spirits in Minnesota.

"We are pleased to continue our relationships with Johnson Brothers and United Brokerage in these three states, where together, we can take the next step in our route-to-market strategy," said Jeff Ivey, Senior Vice President, Commercial Strategy, Diageo North America. "By continuing to work with Johnson Brothers, a leader in these markets, we are strongly positioned for future success."

Michael Johnson, CEO of Johnson Brothers remarked: "We are delighted to continue our longstanding relationship with Diageo and look forward to working closely with them to grow Diageo's portfolio of leading brands in the Upper Midwest."

Diageo began the second phase of its transformational route to market strategy for its spirits and wine brands in the U.S. in 2010 and this represents the continuation of that strategy. 

About Johnson Brothers

Johnson Brothers is a privately owned company headquartered in St. Paul, Minnesota.  One of the largest wine and spirit wholesalers in the United States, Johnson Brothers will celebrate its 60th anniversary in 2013.

About Diageo

Diageo (Dee-AH-Gee-O) is the world's leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, beer and wine. These brands include Johnnie Walker, Crown Royal, JεB, Windsor, Buchanan's and Bushmills whiskies, Smirnoff, Ciroc and Ketel One vodkas, Baileys, Captain Morgan, Jose Cuervo, Tanqueray, Guinness, Beaulieu Vineyard and Sterling Vineyards Wines.

Diageo is a global company, with its products sold in more than 180 countries around the world. The company is listed on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). For more information about Diageo, its people, brands, and performance, visit us at Diageo.com. For our global resource that promotes responsible drinking through the sharing of best practice tools, information and initiatives, visit DRINKiQ.com.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs