By Peter Evans
LONDON--Diageo PLC (DGE.LN) Thursday blamed government policies
in China for a slowdown in its Asia-Pacific region even as the U.K.
liquor maker reported a rise in first-quarter sales growth.
Diageo said total sales increased 3.1% in the three months to
September 30, compared with 5% in the same period last year. The
company said its North American market remained strong, but overall
performance was hampered by weakness in Europe and some developing
markets.
"While there are headwinds in some emerging markets, including
the impact of the government policies in China, there are also
markets in which we continue to deliver robust growth," Chief
Executive Ivan Menezes said.
Write to Peter Evans at peter.evans@wsj.com
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