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Spirits and beer giant Diageo PLC saw billions wiped off its market value on Friday after it warned that a sharp slowdown in its business in Latin America and the Caribbean was hitting sales and ...
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Diageo is looking to Guinness to help offset faltering spirits sales. Guinness sales have grown double digits every year since 2021. Sales of Guinness 0.0 have also surged, more than doubling in ...
Diageo formed a relationship with rapper Sean Combs in an "equal-share venture" in 2007 to promote the Cîroc vodka brand, [61] and this led to the joint purchase of the DeLeón Tequila brand in 2013. The partnership was terminated in 2024 after a legal dispute, leaving Diageo the sole owner of both brands. [62]
However, later that year Treasury bought the majority of the wine business of London-based multinational Diageo. [8] In July 2016, Treasury Wine Estates slimmed down its wine portfolio, announcing the sale of 12 cheap wine brands in the United States. The sale of the US brands represented around one million cases of wine. [12]
5. Valuation: Consensus earnings forecast for 2013 is 103 pence per share giving it a forward price-to-earnings (P/E) ratio of 19, a premium to its 10-year P/E average of 15. It also returns a ...
On 4 July 2013, Diageo bought an additional 14.98% of the company for ₹ 31.35 billion (US$360 million). Diageo acquired an additional 21.77 million shares at a cost of ₹ 1,440 (US$17) per share in an off-market deal from United Spirits' promoters, raising its holdings to 25.02 percent of the company.
Business Insider is seeking nominations for its 2024 Oracles of Wall Street list. The list highlights top forecasters in finance and economics who made accurate market predictions. Nominations are ...