Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH's drinks unit, the world's top spirits makers said on Sunday.

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The owner of Guinness has denied reports it is exploring an £8bn sale of the brand as the Irish stout enjoys a surge of popularity...

Diageo isn’t alone among distillers in getting hit by a slump in demand, and by a corresponding blow to sales and profit. The shares of rivals such as Pernod Ricard, owner of Jameson Whiskey, Absolut vodka and Beefeater gin, and Cognac producer Remy Cointreau have fallen even further as the pandemic-era boom fizzled out.

Media reports suggested Diageo was considering asset sales to boost growth, cashing in on high demand for Guinness. View on euronews

In response to recent speculation, Diageo (LON:DGE), the global leader in beverage alcohol, has made a statement regarding its ownership of the iconic Guinness brand and its stake in Moët Hennessy. The company confirmed that it has no intention to sell either asset,