The company will maintain its headquarters and warehouses in the Greater Toronto Area, as well as other facilities in Valleyfield and Gimli, Manitoba.
For the fiscal year ended June 30, the Crown Royal brand reported a 3% increase in organic net sales and 4% volume growth. In the U.S. market, Crown Royal's net sales growth was 3.8%, driven by strong demand for the Crown Royal Blackberry product.
However, globally, Diageo reported net sales of €17.3 billion, a 0.1% decline, albeit with an organic increase of 1.7%. In contrast, reported operating profit fell 27.8% to € 3.7 billion, due to restructuring costs, impairment charges, and unfavorable exchange rates.
