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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.