Erbil, the regional capital of Iraqi Kurdistan, has all the trappings of an oil boomtown. It bristles with construction cranes. Land Cruisers and Range Rovers with tinted windows ply the busy streets. Oil workers and briefcase- bearing foreigners crowd into the Divan Erbil Hotel’s piano bar.
Diageo Plc, the world’s biggest distiller, expects products including new varieties of Johnnie Walker whisky to drive sales growth in Latin America as it targets emerging middle-class consumers and women.
Diageo Plc offered to pay 114 billion rupees ($1.9 billion) to gain control of United Spirits Ltd. in a second attempt to extend its reach in the world’s largest whiskey market. United surged to a record.