Diageo is planning to bring down the pace of acquisitions in emerging markets as the company looks to speed up the growth of its existing premium core brands.
Over the past four years, the global spirits giant has spent more than £3bn to acquire assets from several markets to strengthen its overseas presence.
Speaking to reporters following an investors meeting, Diageo chief executive Ivan Menezes said the company will still eye acquisitions in emerging markets, but the pace of deals would certainly slowdown.
"A few places we have ticked off. We feel pretty good about the footprint we have now," Menezes noted.
There are a few places we'd still like to have a presence and we'll look at opportunities which come along. If we get more beer assets coming up in Africa, we'd definitely look at them."
Diageo may also drop its long-brewing plans to buy Beam, since it is planning to expand its existing whiskey portfolio as well as launching new ones.
