How do you decide when to buy a brand and when to build one?

Replied byDebra Crew
CEO of Diageo at Diageo
Niche: Production, Marketing, Retail, eCommerce
Revenue: $1.4 billion/month
Location: London, England
Started: 1997
We look at spaces where we don't have a strong brand or across different price tiers. If there's an opportunity, like non-alcoholic spirits in the U.S., we either build or buy, like we did with Ritual. At the same time, we dispose of brands that don't fit our future premium growth.
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