Diageo exploring potential spin-off or sale of Guinness, Bloomberg News reports
Diageo, the world's top spirits maker, is exploring a potential spin-off or sale of beer brand Guinness and is reviewing its stake in LVMH's drinks unit, Moet Hennessy, Bloomberg News reported on Friday,
Guinness's Future at Diageo: Sale or Spin-off?
World's leading spirits maker, Diageo, is considering the sale or spin-off of its successful beer brand, Guinness. This news, supported by reports of evaluating their stake in LVMH's Moet Hennessy, comes despite strong sales performance by Guinness and skepticism from analysts about a potential sale.
PRESS: Diageo mulls possible sale of Guinness business – Bloomberg
(Alliance News) - Diageo PLC is considering spinning off or selling its historic Guinness beer business, according to a Bloomberg report. Bloomberg News reported on Friday that the drinks firm is also reviewing the future of its 34% stake in Moet Hennessy, the drinks division of luxury firm LVMH Moet Hennessy Louis Vuitton SE.
Diageo Weighs Options for Guinness in Portfolio Review
Diageo Plc is reviewing its portfolio, including Guinness beer and a Champagne and Cognac partnership with LVMH, as Chief Executive Officer Debra Crew seeks to revive growth at the UK drinks company.
Diageo reviewing drinks portfolio, possible Guinness spin, Bloomberg says
Diageo (DEO) is already looking to sell Ciroc vodka and could look to dispose of other subscale or underperforming drink labels, Sabah
Diageo gains on report it's reviewing drinks portfolio, Guinness brand
ADRs rose 4% after a report that the company is reviewing its drinks portfolio, including looking at selling off some well-known brands. Diageo is looking at a potential spinoff or sale of Guinness, which may be valued at more than $10 billion,
Diageo silent as Guinness, Moët Hennessy talk boosts shares
Shares in Diageo stood at 2,501.5p, up 4.16% on the day. The positions of the Moët Hennessy stake and of Guinness in the ...
Last Year's Biggest Billionaire Loser Is Currently 2025's Biggest Winner
LVMH Moët Hennessy Louis Vuitton CEO Bernard Arnault added around $22.9 billion to his net worth in this year's Bloomberg ...
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Diageo considering possible sale of Guinness business – reports
Bloomberg News reported on Friday that the drinks giant is also reviewing the future of its 34% stake in Moet Hennessy.
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Diageo's Strategic Shake-Up: Guinness and Moet Hennessy in the Spotlight
Diageo, renowned for its spirit brands, is contemplating a spin-off or sale of Guinness, aiming to capitalize on its recent growth. Simultaneously, Diageo evaluates its stake in Moet Hennessy within ...
LVMH says 'impossible' to control final sales point after report of champagne shipments to Russia
LVMH said on Tuesday it was "impossible" to control the final destination of products sold by third-party distributors after ...
LVMH is once again the largest company in Europe by market cap
The rest of the top ten largest companies in Europe by market cap include ASML ( ASML ), SAP SE ( SAP ), Hermès International ...
Paris Olympics Medals Are Tarnishing, Putting LVMH in the Spotlight
The medals were designed by a jewelry maker owned by the French luxury conglomerate, which has declined to comment on their ...
LVMH Moet Hennessy Louis Vuitton (0HAU) Receives a Hold from UBS
UBS analyst Zuzanna Pusz maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton (0HAU – Research Report) today. The company’s shares ...
Diageo's Billion-Dollar Dilemma: Why the Spirits Giant Might Sell Guinness
A shocking shake-up could see Diageo offload its star beer brand--while debt and declining spirits sales mount pressure.
Will LVMH Moët Hennessy – Louis Vuitton, Société Européenne (LVMUY) Benefit From Improvement In The Chinese Domestic Economy?
Montaka Global Investments, an investment management company, released its fourth quarter 2024 investor letter. A copy of the ...