Diageo says it has no intention of selling Guinness or the stake in Moet Hennessy via Reuters
(Reuters) – The nipple (Lon 🙂 It doesn’t intend to sell its beer hardness or its stake to Moet Hennessy, the drinks division of LVMH, the country’s top spirits maker on Sunday.
On Friday, Bloomberg news reported that the company was evaluating options for a person, a star actor in the diageo portfolio, and reviewing its investment in Moet Hennessy. The report said that the difficulty can be considered more than $ 10 billion.
“We note the recent media speculation surrounding the Guinness Brand and our stake in Moet Hennessy and can confirm that we have no intention of selling,” Diageo said in a statement. The company also said it will provide further updates on its business with interim results on February 4.
Guinness is a stepping stone in Diageo’s business, which consists mostly of spirits rather than beer, but its recent performance has seen major alcohol labels such as Johnnie Walker Whisky.
Spirits sales have struggled after a post-pandemic pullback in demand for more expensive alcohol. Meanwhile, Guinness sales have grown by double digits every year since 2021, with its zero-apolver also on the rise.
