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,
Diageo Weighs Guinness Spin-Off Amid Moet Hennessy Review
Diageo is considering a spin-off or sale of its beer brand Guinness while reviewing its stake in LVMH's Moet Hennessy. Possible actions include deepening ownership or exiting. LVMH is obligated to buy Diageo’s stake at a discount if sold.
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 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.
Diageo possibly exploring sale or sell-off of Guinness brand
Diageo could be planning to sell the Guinness brand according to reports. The stout, which is made in Dublin, is understood to be worth above $10 billion according to Bloomberg. Diageo are understood to be looking at establishing a spin-off or complete sale of Guinness.
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 ...
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 ...
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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.
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 ...