Market Chatter: Diageo Considering Ciroc Vodka Sale After Tie-Up With Diddy Ends

MT Newswires Live

2024/12/19

Diageo (DEO) is mulling a sale of Ciroc Vodka, a product once backed by music mogul Sean "Diddy" Combs, Bloomberg reported Thursday, citing people familiar with the matter.

The company is exploring a sale of the vodka following the settlement in January of a lawsuit in which Combs accused Diageo of racism in its alleged neglect of Ciroc and DeLeon Tequila, according to the report.

Diageo declined a request to comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 126.42, Change: +1.05, Percent Change: +0.84

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