Diageo Doesn't Intent to Sell Guinness, Moet Hennessy Stake

Dow Jones

2025/01/27

By Nina Kienle

Diageo said it has no intention to sell its Guinness brand nor its stake in Moet Hennessy.

The U.K. spirits maker on Sunday responded to a media report that it could dispose of some of its underperforming labels, including its premiere brand Guinness, as it struggles with cooling demand in China and the U.S.

Interim results are expected to be published on Feb. 4, it said.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

January 27, 2025 02:48 ET (07:48 GMT)

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