Diageo clarifies: No sale of Guinness and Moet Hennessy stake
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Diageo (LSE: DGE) announced on January 26, 2025, that it has no intention of selling Guinness or its stake in Moet Hennessy. According to Reuters, the British alcohol manufacturer stated that it does not want to sell either the beer brand Guinness or its stake in Moet Hennessy, the beverage division of LVMH. Guinness is valued at 10 billion USD On January 24, 2025, Bloomberg News reported that the spirits manufacturer was considering options for Guinness, a great company in its portfolio, and was also re-evaluating its stake in Moet Hennessy....
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