DEO Stock Recent News

CÎROC has opened applications for ambitious creatives to join Erika Alexander and Woody McClain as part of the inaugural class of the Blue Dot Creative Residency, and bring their passion project into production NEW YORK , Jan. 27, 2025 /PRNewswire/ -- CÎROC Ultra-Premium Vodka is proud to announce that applications to the Blue Dot Creative Residency  (BDCR) have been opened to the public. Following the program launch in December, the brand selected two storytellers looking to bring to life new and groundbreaking projects as the first members of the BDCR – Actor Woody McClain and actress and writer Erika Alexander!

Diageo PLC's (LSE:DGE) confirmation that Guinness or its MH stake (34%) are not for sale points to confidence that cash and returns will improve as recovery becomes visible according to US broker Jefferies. The brokers added that the market narrative around such disposals is that they will help to unlock value through accelerating deleveraging and bringing forward buybacks.

Guinness owner Diageo has dismissed reports that it might sell the iconic black stout or its stake in spirits group Moet Hennessy. Bloomberg News reported on Friday that the company was exploring options for Guinness and champagne and cognac giant Moet Hennessy.

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.

Diageo has denied reports that it is considering selling Guinness or its stake in Moët Hennessy. Bloomberg had reported that the company was reviewing its portfolio.

DEO's strategic shifts with the Cacique sale and productivity initiatives pave the way for future growth and market expansion.

The Official Spiced Rum Sponsor of the NFL is Serving Up More than Delicious Cocktails for Football Fans in New Orleans and at Home NEW ORLEANS, Jan. 23, 2025 /PRNewswire/ -- When you think of New Orleans, you think Bourbon Street — renowned the the world over for its enduring one-of-a-kind spirit, electric energy, and of course, legendary cocktails. Bourbon Street's most iconic cocktails have one thing in common – rum.

We think that Anheuser-Busch InBev stock (NYSE: BUD) is currently a better pick over its peer, Diageo stock (NYSE: DEO). BUD stock trades at 1.6x trailing revenues, versus 3.3x for DEO.

FRANKFORT, Ky.--(BUSINESS WIRE)--Four leading spirits companies and the Kentucky Distillers' Association (KDA) are joining forces with Precision Conservation Management (PCM) and the Kentucky Corn Growers Association (KCGA) to launch a five-year, $2.8 million initiative for Kentucky corn farmers. Together, Kentucky distillers are providing tools for corn farmers to successfully implement proven practices that will support the long-term resilience of the state's historic agricultural community w.

Britain's Terry Smith made public for the first time on Thursday why his fund dumped its Diageo stake last year, citing problems with its new management and early signs that weight loss drugs threatened the drinks sector.