Live News • Aug 19
Diageo Cuts 2,000 Jobs as New CEO Unveils Turnaround Plan and Brand Investments Diageo has cut nearly 2,000 jobs as new CEO Sir Dave Lewis rolls out a turnaround plan that targets $1 billion in annual cost savings and includes expanding higher-potential brands such as Guinness, where capacity is planned to be doubled.
The overhaul is described as a significant restructuring, with cost reductions intended to be recycled into brands that management sees as having stronger growth prospects, indicating a shift in how Diageo allocates capital across its portfolio.
Diageo shares trade at about £16.89, with the stock up 5.1% year to date, which reflects how the market has priced the company during this phase of restructuring.
This level of restructuring can affect Diageo’s earnings profile, brand mix and execution risk, so the key question is whether the cost cuts and reinvestment result in a more resilient business over time. Declared Dividend • Aug 10
Final dividend of US$0.30 announced Shareholders will receive a dividend of US$0.30. Ex-date: 15th October 2026 Payment date: 3rd December 2026 Dividend yield will be 2.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 07
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: US$0.78 (down from US$1.06 in FY 2025). Revenue: US$19.6b (down 3.0% from FY 2025). Net income: US$1.74b (down 26% from FY 2025). Profit margin: 8.8% (down from 12% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 50%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Beverage industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Aug 06
Diageo plc, Annual General Meeting, Nov 05, 2026 Diageo plc, Annual General Meeting, Nov 05, 2026. Live News • Aug 04
Potential Job Reductions Announced at Diageo Distilleries as Restructuring Plans Unfold Diageo is reviewing operations at its distilleries in the Scottish Highlands and Islands, with 172 staff reported to be at risk and 38 roles set to be cut as part of a global restructuring, while local union GMB Scotland criticises the company for rejecting alternatives to compulsory redundancies.
The restructuring is framed as a global program and Diageo has said no final decisions have been taken yet in the UK, with an update promised at its Capital Markets Day on 6 August.
Diageo shares trade around £16.36, with the stock down 1.2% over the past day.
This kind of cost-focused restructuring can affect Diageo’s production footprint and labour relations in key whisky regions. The next company update on 6 August may give a clearer view of any impact on long-term operating costs and capacity. Live News • Jul 25
United Spirits Acquires 10.1% of Nuvola Spirits With Option for Full Buyout Diageo-controlled United Spirits is investing cash in Indian start-up Nuvola Spirits, taking a 10.1% stake and securing the right to appoint a director and an observer to Nuvola’s board, with an option to buy the remaining shares if specific milestones are met.
The deal fits Diageo’s push into premium craft beverages through United Spirits, giving the group early exposure to an emerging brand while retaining flexibility through milestone-based options and board representation.
Diageo shares trade at about £15.62, with the stock up roughly 6.4% over the past 90 days.
This Nuvola Spirits stake gives Diageo a controlled way to test a new premium craft concept in India while capping initial capital outlay. However, execution risk around Nuvola’s growth milestones and integration remains a key factor to watch. Live News • Jul 07
Diageo Commits Hundreds of Millions to New US Facilities After Import Tariffs Diageo is committing hundreds of millions of pounds to build new US facilities after a 10% tariff was imposed on goods imported from the UK, placing the drinks group alongside JCB and GSK in a wave of British manufacturers expanding production in America.
The move signals a shift in Diageo’s cost base and supply chain footprint toward the US, which could affect where it manufactures, how it prices products, and its exposure to future trade policy changes between the US and UK.
Diageo’s shares trade at about £15.12, with the stock down roughly 5.9% year to date.
This US build-out ties Diageo’s production more closely to its largest spirits market and reduces reliance on cross-border imports, but it also locks in substantial upfront capital spending and greater dependence on US policy and demand conditions. Announcement • Jun 30
Crown Royal Introduces Bring It Brand Platform Crown Royal introduced Bring It, a new brand platform that celebrates the ways people contribute to the moments and communities around them. Bring It is a modern expression of Crown Royal's spirit of generosity and recognizes that the best moments aren't created by any one place, but by the people who help shape them. At the center of Bring It is an original anthem performed by Canadian country artist Ryan Langdon and Randy Savvy of the Compton Cowboys, setting the soundtrack for a night where everyone becomes part of the same celebration. The campaign, which embraces the energy of a Texas honky tonk, features an original line dance choreographed by Emmy Award–winning choreographer Kat Burns and performed with members of Austin's two-step and line dancing communities, inviting audiences to step onto the dance floor rather than simply watch from the sidelines. To officially launch Bring It, Crown Royal hosted an exclusive one-night celebration at Desert 5 Spot in Los Angeles, inviting country music enthusiasts and whisky lovers to experience the campaign firsthand. Throughout the evening, guests brought their authentic selves to a memorable night filled with a live performance of the original anthem, a choreographed line dance tutorial from Emmy Award-winning choreographer Kat Burns, and a DJ set from Charly Jordan. The celebration was complete with signature Crown Royal cocktails to toast the moment. Bring It will roll out nationally across social, digital, broadcast and out-of-home channels throughout the summer. Fans can also stream the original anthem performed by Ryan Langdon and Randy Savvy on Spotify. Designed to live beyond a single campaign, Bring It will continue to come to life throughout the year through live experiences, cultural partnerships and unexpected collaborations that celebrate the people, passions and traditions shaping culture and community. From music and nightlife to sports and fashion, Crown Royal will continue creating new opportunities for people to engage with Bring It and celebrate what they bring to the table. Until then, Bring It home and mix up the signature serve "Crown Royal Deluxe and Lemonade" to celebrate what bring to the table. Ingredients: 1.5 oz Crown Royal Fine De Luxe, 4-5 oz Lemonade (to fill), 2-3 Dashes of Bitters. Garnish: Lemon wheel and mint bouquet. Directions: Build ingredients into an ice filled highball glass, stir and garnish with a lemon wheel and mint bouquet. Announcement • Jun 25
Bulleit Launches Bulleit 20-Year-Old Straight Rye Whiskey Bulleit launched Bulleit 20-Year-Old Rye, its oldest ever Straight Rye Whiskey limited to just 1,776 bottles. Made from Bulleit's signature 95% rye mashbill and aged for two decades, Bulleit 20-Year-Old Straight Rye was developed by the Bulleit Distilling Co. team with a blend crafted by Nicole Austin, Director of American Whiskey Liquid Development and Capabilities at Diageo. Austin led the barrel selection and blending process alongside the Bulleit team, choosing barrels that could carry twenty years of age while preserving the bold rye character that has defined Bulleit from the beginning. With an outturn of just 1,776 individually numbered bottles, the label nods to a defining moment in American history while staying focused on the drink: a deeply aged, cask-strength rye that honors the grain that shaped American whiskey and builds on Bulleit's role in its modern comeback. Distilled in Lawrenceburg, Indiana and aged for twenty years in Kentucky warehouses, the whiskey was carefully monitored throughout maturation before being bottled at cask strength (ABV: 68.5% | Proof: 137). On the nose, the whiskey opens with aromas of seasoned oak, warm baking spice and dried fruit. The palate unfolds with notes of caramelized sweetness, dark fruit and spice, leading to a long, layered finish that remains unmistakably rye. Bulleit 20-Year-Old Rye Whiskey will be available beginning July 2026, in limited quantities at the Bulleit Distillery and select cities nationwide with a suggested retail price of $299 for a 750mL bottle. Bulleit 20-Year-Old Rye Whiskey. 68.5% Alc/Vol. The Bulleit Distilling Co., Louisville, KY. Live News • Jun 08
Diageo Becomes World Cup’s First Spirits Sponsor as Industry Faces Declining Sales Diageo has become the World Cup's first-ever official spirits sponsor, securing exclusive pouring rights across stadiums and fan festivals.
Only Diageo-owned liquor brands will be served at official World Cup venues, marking the first time spirits are sold at the tournament.
The broader alcohol sector, including Diageo, is facing weaker North American sales and a longer-term decline in consumption that the World Cup may not fully offset.
This sponsorship gives Diageo a rare global showcase for its brands at a time when industry-wide consumption trends are under pressure.
Investors may want to watch for any commentary from Diageo on how World Cup-related sales and brand exposure compare with regular trading patterns, especially in North America. Announcement • Mar 23
Rumple Minze Launches Rumple Minze Cinnamint Whiskey Rumple Minze, the cult-favorite peppermint schnapps known for its unmistakable chill and 100-proof intensity, expanded its portfolio for the first time in years with the debut of Rumple Minze Cinnamint Whiskey — a fusion of fiery cinnamon and signature icy mint designed to disrupt the shot choices that have long gone unchallenged. Rumple Minze Cinnamint Whiskey builds on that reputation and bottles the magic of a popular bar call— the 'fire and ice' shot — into a single, unapologetically bracing pour. This latest expression sharpens the brand's identity while growing its range. With Cinnamint Whiskey, a new duality comes into focus — familiar warmth meets bracing cool; nostalgia meets something entirely new. Blazing cinnamon leads, an icy mint chill follows, and a caramel-rounded whiskey core ties it together, delivering layered heat balanced by a cooling snap. Rumple Minze Cinnamint Whiskey will roll out nationally beginning March 2026 in 750mL at a suggested retail price of $19.99, along with 375mL, 50mL and 1L formats. The launch marks the next step as the brand asserts its place in the moments that define the night. Announcement • Mar 10
Oban Distillery Introduces Oban Aged 15 Years Port Cask Finish Single Malt Scotch Whisky Oban Distillery introduced Oban Aged 15 Years Port Cask Finish, a distinguished Single Malt Scotch Whisky that embraces the coastal character of the harbor town of Oban with red fruit notes derived from Portuguese port casks for an intricate, dry finish. Following the remarkable reception of Oban 15 Cask Strength Sherry Cask Finish, this marks the second release for the brand's exclusive 15-Year-Old cask-finished series, continuing an exploration of how fortified wine casks can complement and elevate Oban's signature character. Oban 15 Port Cask Finish was inspired by the shared coastal heritage of its namesake town and Porto, Portugal, where centuries of seafaring trade shaped both ports and their spirits. Long ago, the sea carved Oban's "Little Bay of Caves," and brave ships brought stone and slate to build the distillery and its harbor town, later carrying Oban Whisky to the world. Across the Atlantic, Porto emerged as the historic home of Port wine, a fortified wine prized for its rich red fruit depth and long ocean journeys. That spirit of port-to-port exchange makes it a natural complement to Oban's robust coastal character. As the second release in Oban's 15-Year cask-finished series, this expression builds on the shared lineage of Scotch and fortified wines, including Sherry from Spain and Port from Portugal, each shaped by tradition, place, and craft. The bottle artwork for this expression draws on that connection, depicting Oban from the south of the bay with McCaig's Tower and the distillery in view, as seagulls fly homeward, symbolizing the journey across the seas. Tucked away in the Western Highlands of Scotland, Oban Distillery and its seven artisans ensure its small-still tradition is present in every expression, preserving a whisky style that reflects both its environment and its refined craftmanship. Oban 15 Port Cask Finish spent its maturation journey in American Oak Hogsheads before being finished in carefully selected, 100% American Oak Port casks. On the nose, it opens with fruity dry white wine, hints of raspberries and vanilla ice cream, alongside Oban's signature maritime notes of sea breeze and warm sand, while the palate reveals a soft, creamy-smooth texture with honeyed sweetness and juicy red fruit, developing into gentle salinity and peppery spice and leading to a short to medium, dry finish with lingering white pepper. This limited-edition bottle is an exclusive release available for a limited time at select spirits retailers nationwide, with a suggested retail price of $130 bottled at 750mL. Visit malts.com to find stores where Oban 15 Port Cask Finish is available near you, or order a bottle for shipping or delivery via ReserveBar and TheBar.com. Please Drink Responsibly. OBAN 15 YEAR OLD PORT CASK FINISH SINGLE MALT SCOTCH WHISKY. 52.1% ALC/VOL. Imported by Diageo, New York, NY. Announcement • Feb 26
Diageo Closes Amherstburg Crown Royal Plant Early Without Warning Diageo has closed its Crown Royal whisky plant in Amherstburg, Ontario two days ahead of schedule, without advance warning to workers. Six months ago, Diageo announced plans to close the Amherstburg plant and eliminate the jobs of more than 200 Unifor Local 200 members. Despite the efforts of the union and offers from the Ontario government, the company refused to reverse its decision to shift production to the U.S., with the final day of work scheduled for February 27, 2026. The members were notified during their shift that today would be their final day on site. While the workers will be compensated for the two unworked days, the abrupt removal is an unacceptable way to end their service. The union will continue to work with the Town of Amherstburg and the Province of Ontario to attract a new employer to the facility and preserve good local jobs. Announcement • Jan 24
Blackstone, Temasek Reportedly Weigh Bids for Diageo Stake in RCB Blackstone Inc. (NYSE:BX) and Temasek Holdings (Private) Limited are among the early aspirants for reigning Indian Premier League (IPL) champions Royal Challengers Bengaluru (RCB) (Royal Challengers Sports Pvt. Ltd.), two people familiar with the matter said. Diageo plc (LSE:DGE), which owns RCB's parent United Spirits Ltd. (USL) United Spirits Limited (NSEI:UNITDSPR), had begun the sale process of the IPL team in November. The private equity (PE) heavyweights are evaluating non-binding bids for the stake, the people cited above said on the condition of anonymity. Global buyout firms including Advent International (Advent International, L.P.), PAG and The Carlyle Group Inc. (NasdaqGS:CG) are also evaluating bids for RCB, the people said. A transaction could value RCB between $1.4 billion and $1.8 billion, the people said on the condition of anonymity. Until now, the bidding interest around IPL franchises was largely centred on domestic strategic investors and family offices, including the JSW Group, Serum Institute of India chairman Adar Poonawalla and Manipal Hospitals, according to media reports. There is significant interest in RCB, which won its first IPL championship last year. On Jan. 23, 2026, Serum's Poonawalla posted on X, "Over the next few months, will be putting in a STRONG and COMPETITIVE bid for @RCBTweets, one of the best teams in the IPL." Spokespersons for RCB, Diageo, Advent, Temasek and Blackstone declined to comment. PAG and Carlyle did not respond to queries. Announcement • Jan 15
Diageo Reportedly Considers Options for Its Chinese Assets, Including Potential Divestments Diageo plc (LSE:DGE) is considering options for its Chinese assets, including potential divestments, sources say, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio. Diageo is working with Goldman Sachs and UBS to review its operations, which include a 63% stake in Shanghai-listed Sichuan Swellfun. The advisers have been sounding out initial interest from local strategic buyers and private equity firms, the sources said. Considerations are preliminary and no final decisions have been made, the sources said, adding that there's no certainty Diageo will decide to proceed with any deal. Representatives for Diageo, Goldman Sachs and UBS declined to comment. A representative for Sichuan Swellfun said the company hasn't received any information about a stake sale. Announcement • Jan 07
Diageo plc Appoints David John Lewis as Director, Effective January 1, 2026 Diageo plc has appointed David John Lewis as a director. David John Lewis is a British national, born in March 1965. The effective date of appointment is January 1, 2026. Announcement • Nov 14
Johnnie Walker Announces New Johnnie Walker Blue Label Limited Edition Design for Year of the Horse Johnnie Walker announced a new Johnnie Walker Blue Label limited edition design for Lunar New Year, Year of the Horse in collaboration with Hong Kong-born, London-based haute couturier Robert Wun. The partnership brings together two worlds of craftsmanship - whisky and couture - embodying the ongoing commitment of Johnnie Walker to collaborating with visionary cultural voices who push boundaries and redefine modern luxury. Named as one of the most influential individuals in the fashion industry by Vogue Business 100, Business of Fashion 500 2025, and Tatler Asia, Robert Wun became the first designer from Hong Kong to join the prestigious Haute Couture Calendar in Paris. Known for his bold silhouettes, sculptural designs, and avant-garde approach to couture, Wun's design captures the Horse's spirit of strength, freedom, and optimism - a celebration of constant motion and the courage to move forward. Inspired by the Horse's auspicious spirit and the layered flavours of Johnnie Walker Blue Label, Wun's limited-edition design reimagines Lunar New Year with a modern lens, a tribute to artistry and the pioneering craft of rare whisky making. Chosen for his bold, avant-garde vision and deep cultural relevance. The limited edition speaks to both established Blue Label collectors and a new generation of luxury consumers drawn to contemporary cultural expression. Announcement • Nov 08
Diageo plc Provides Earnings Guidance Full Year Fiscal Year 2026 Diageo plc provided earnings guidance full year fiscal year 2026. The company expects Organic net sales growth to be flat to slightly down including the adverse impact from Chinese white spirits and a weaker US consumer environment than originally planned for. The company expects positive operating leverage, supported by cost savings from the Accelerate programme. Organic operating profit growth is expected to be low to mid-single digit, including the impacts of Chinese white spirits and a weaker US consumer environment in the organic net sales guidance. This also includes the impact of tariffs as at this time. Announcement • Sep 16
Diageo plc Appoints John Rishton as Non-Executive Director and Member of the Audit and Nomination Committees, Effective November 1, 2025 Informa announced that John Rishton, serving Board Chair at Informa PLC, will be appointed as a Non-Executive Director and a member of the Audit and Nomination Committees of Diageo PLC with effect from 1 November 2025.
John has over 40 years' business experience in a variety of roles, companies and industries, including nearly 14 years as a Chief Executive or Chief Financial Officer. He is currently chair of Informa plc, as well as serving as chair of Serco Group PLC, from which he will retire on 31 December 2025. His executive roles include Chief Executive of Rolls Royce Group plc from 2011 to 2015 and Chief Financial Officer and then Chief Executive and President of Royal Ahold NV, the Dutch multinational supermarket group, from 2006 to 2011. John was also Chief Financial Officer of British Airways plc from 2001 to 2005, having previously held a number of finance, commercial and operational roles at British Airways in the US and UK, having joined in 1994. Prior to joining British Airways, John held various finance roles at Ford Motor Company in the UK, Spain and Portugal. John has extensive experience in non-executive roles, including at Unilever, Associated British Ports, Allied Domecq, Majid Al Futtaim and ICA Gruppen. On appointment, John will also join the Board's Audit and Nomination Committees. Announcement • Sep 11
Diageo's Johnnie Walker Unveils a New Limited Edition Design for Johnnie Walker Blue Label Johnnie Walker unveiled a new limited edition design for Johnnie Walker Blue Label for the Indian festive season, created in partnership with celebrated fashion designer Rahul Mishra. Johnnie Walker Blue Label is such a special Scotch whisky. It has a rich, smooth and luxurious flavour profile – fresh citrus and rose petals, giving way to dark chocolate, vanilla and hazelnut wrapped in warming smoke – perfect for toasting special occasions or pairing with aromatic, sweet celebratory dishes. The limited edition design is available in markets globally and will feature as the showpiece of a series of international Johnnie Walker Blue Label festive celebrations with Indian talent and partners across October and November. Johnnie Walker Blue Label will be available in September at participating liquor stores in Canada for consumers of legal drinking age while supplies last. Announcement • Aug 29
Diageo plc Announces to Cease Operations At Its Bottling Facility in Amherstburg, Ontario by February 2026 Diageo plc announced it will cease operations at its bottling facility in Amherstburg, Ontario by February 2026. This is one of Diageo's facilities currently bottling Crown Royal products. Crown Royal will continue to be mashed, distilled, and aged in Canada, just as it has been since 1939. Diageo will maintain its significant footprint across Canada, including at our Canadian headquarters and warehouse operations in the Greater Toronto Area and other bottling and distillation facilities in Gimli, Manitoba and Valleyfield, Quebec. This decision reflects Diageo's efforts to continuously improve its North American supply chain and ensure the company is best positioned for long-term sustainable growth. Through this process, the company will unlock additional productivity and increase resiliency and capacity to scale, effectively meeting demand across its markets and shifting some bottling volume to be closer to its many U.S. Crown Royal consumers. These changes are consistent with the strategic priorities in Diageo's global Accelerate program, which sets out clear cash delivery targets and a disciplined approach to operational excellence and cost efficiency for the company. Buy Or Sell Opportunity • Aug 26
Now 21% undervalued Over the last 90 days, the stock has risen 2.7% to UK£20.60. The fair value is estimated to be UK£26.08, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. New Risk • Aug 05
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 98% Dividend yield: 4.1% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Dividend is not well covered by earnings (98% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin). Reported Earnings • Aug 05
Full year 2025 earnings released: EPS: US$1.06 (vs US$1.73 in FY 2024) Full year 2025 results: EPS: US$1.06 (down from US$1.73 in FY 2024). Revenue: US$20.2b (flat on FY 2024). Net income: US$2.35b (down 39% from FY 2024). Profit margin: 12% (down from 19% in FY 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Beverage industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Announcement • Jul 31
Diageo Appoints Deirdre Mahlan as Interim Chief Financial Officer, Effective 18 August 2025 Diageo announced that Deirdre Mahlan has been appointed Interim Chief Financial Officer, effective 18 August 2025. Ms Mahlan brings extensive spirits industry and Diageo knowledge as well as broad consumer goods experience in both Executive and Board positions. Ms Mahlan's career includes 27 years at Diageo and predecessor companies, including serving as Diageo plc's Chief Financial Officer from 2010 to 2015. Most recently she served as Interim President, Chief Executive Officer and Chairperson of The Duckhorn Portfolio ahead of its sale to Butterfly Equity. Announcement • Jul 16
Diageo plc Announces CEO Changes Diageo announced that Debra Crew has stepped down as Chief Executive Officer with immediate effect, by mutual agreement. The Board has begun a comprehensive formal search process, which will include consideration of internal and external candidates. Until a permanent appointment is made, Nik Jhangiani, Chief Financial Officer, will assume the role of Chief Executive Officer on an interim basis. Debra Crew has led Diageo as Chief Executive Officer since June 2023, having joined Diageo as a non-executive director in 2019, then serving as President of Diageo North America and subsequently as Group Chief Operating Officer. Announcement • Jul 02
The Traditional Green Mill Ltd completed the acquisition of 54.40% stake in Seychelles Breweries Limited from Diageo plc (LSE:DGE). The Traditional Green Mill Ltd agreed to acquire 54.40% stake in Seychelles Breweries Limited from Diageo plc (LSE:DGE) for $80 million on April 2, 2025. A cash consideration of $80 million will be paid by Phoenix Beverages Limited. As part of consideration, $80 million is paid towards common equity of Seychelles Breweries Limited. Immediately following completion of this transaction, Seychelles Breweries Limited will remain listed on the Seychelles Stock Exchange. Under the terms of the agreement, Diageo will retain ownership of the Diageo brands currently produced by Seychelles Breweries (Guinness and Smirnoff RTDs) as well as distribute IPS in-market, which will be licensed to Seybrew under a new long-term license and royalty agreement.
The transaction is expected to complete in June 2025.
Michelle Gomes, Naomi Leach, Kamal Shah and Richard Freedman of Stephenson Harwood LLP acted as legal advisor to Phoenix Beverages.
The Traditional Green Mill Ltd completed the acquisition of 54.40% stake in Seychelles Breweries Limited from Diageo plc (LSE:DGE) on July 1, 2025. Announcement • Jun 24
NewPrinces S.p.A. (BIT:NWL) agreed to acquire Diageo Operations Italy Spa from Diageo plc (LSE:DGE). NewPrinces S.p.A. (BIT:NWL) agreed to acquire Diageo Operations Italy Spa from Diageo plc (LSE:DGE) on June 24, 2025. Diageo has sold Diageo Operations Italy S.p.A., inclusive of the Santa Vittoria production facility, to NewPrinces. The deal includes continuity of employment at the site and a fixed term service agreement will be in place, post completion, to enable a smooth transition.
Completion of the transaction is subject to regulatory approval and is expected later in the year.
Renato Salsa, Michele Torella, Giorgio Ongaro, Diego Medicina, and Antonio Piccirillo of Ernst & Young Corporate Finance Spa acted as financial advisor for Diageo plc (LSE:DGE). Cappelli Riolo Calderaro Crisostomo Del Din & Partners handled the legal and labor aspects of the operation. Announcement • Jun 10
Stitzel-Weller Distillery Unveils Stitzel Reserve: A Gateway to Bourbon History Stitzel-Weller Distillery is proud to launch Stitzel Reserve, a new series of one-of-a-kind, distillery-exclusive bottles that begins with a 24-Year-Old Kentucky Straight Bourbon Whiskey, the first of many rare releases to be drawn from the storied walls of the historic site. Since opening its doors in 1935, the iconic distillery has become regarded as the cathedral of Bourbon, and with this new endeavor, opens a gateway to American Whiskey history. Stitzel Reserve will be a platform to bring aged liquid from precious archival barrels to the world, with much more to come from as part of this pivotal new era in whiskey. The inaugural Stitzel Reserve 24-Year-Old release honors Stitzel-Weller Dist distillery's 90-year legacy, serving as a testament to the site's enduring tenure and its commitment to preserving and elevating exceptional whiskey. With decades of craftsmanship and careful stewardship, Stitzel Reserve will feature a series of highly limited releases solely available on-site at the Louisville-based distillery. Under the visionary leadership of Nicole Austin, Director of American Whiskey Liquid Development and Capabilities for Diageo, Stitzel Reserve showcases the rarest and most extraordinary barrels from the distillery's historic warehouses. personally selected and blended by Austin, Stitzel Reserve 24- Year-Old was pulled from just nine barrels, yielding 191 bottles which will comprise this exceptional release. Stitzel Reserve isn't just a new label, it's a tribute to the barrels and the bourbon legacy that came before it. Each expression will be carefully curated based on liquid quality and peak maturity, with no predetermined schedule, but all will be rare and released in highly limited quantities. With each release, Stitzel Reserve will showcase the best of what Stitzel-Weller distillery has to offer, reinforcing the historic site's role as austodian of exceptional whiskey. The inaugural offering is available for sale on-site at the distillery for consumers aged 21+ as of June 2025. Individual serves of the new whiskey are also available through a bespoke tasting experience at the Garden & Gun Club at Stitzel-Wellerdistillery, and will include an etched whiskey glass with a branded bag and a limited edition Stitzel-WellerDistillery pin with purchase. Befitting of its rarity, pricing of the 750mL bottle will be available upon request at the distillery. Announcement • May 20
Diageo plc Provides Earnings Guidance for the Second Half and Reiterated Earnings Guidance for Fiscal Year 2025; Provides Earnings Guidance for Full Fiscal Year 2026 Diageo plc provided earnings guidance for the second half of fiscal year 2025. For the second half of fiscal year 2025, the company continue to expect to deliver a sequential improvement in organic net sales growth compared with the first half of fiscal 25. The company continue to expect a slight decline in organic operating profit in the second half of fiscal 25 compared with the prior year, broadly in line with the decline in the first half.
For the full year 2025, the company reiterated full year fiscal 25 guidance for organic net sales and operating profit reiterated.
For fiscal 2026 full-year, the company continue to expect to deliver positive operating leverage, with organic profit growth ahead of organic net sales growth. This includes the impact of US tariffs based on what we know at this time. Announcement • May 01
Crown Royal Unveils Crown Royal Marquis: A Bold New Whisky Crafted for the Next Era of Nightlife Crown Royal announced the release of Crown Royal Marquis Blended Canadian Whisky, the latest innovation in its award-winning portfolio. Finished in Caribbean rum casks and aged to perfection, this distinctive blend is crafted for moments that start as a typical night out and turn unforgettable, reflecting the brand's commitment to crafting exceptional whisky for every occasion. With rich, inviting notes of honey, brown sugar, and vanilla, and delightful hints of date and fig that give way to a smooth finish, Crown Royal Marquis delivers a complex and versatile flavor. This innovation is crafted for the moments all crave- the ones that start at the bar and end up on the dance floor sparking spontaneous connections over, live music and good vibes. Whether it's cocktails over dinner that turn into dancing, brunch that becomes a day party or a casual night out that leads to the city's hottest after-parties, Crown Royal Marquis is about celebrating the return of nightlife liveliness. To celebrate the debut, Crown Royal Marquis is popping up at Washington DC, and Atlanta's most high-energy events, inviting consumers 21+ to reignite nightlife over bright, elevated cocktails. The liquid is an exceptional expression made to complement the occasions that become Crown Royal Maquis moments. Crown Royal Marquis can be enjoyed neat, on the rocks, or paired with pineapple juice in one of their signature, easy to make cocktails - the Crown Royal Marquis Moment or the Marquis Daquiri. The Marquis Daiquiri: Ingredients: 1.5 oz Crown Royal MarquisBlended Canadian Whisky; 1 oz Pineapple Juice; 0.5 oz Simple Syrup: Add all ingredients into a cocktail shaker and shake vigorously. Strain into a coupe glass and top with dehydrated lime wheel garnish. The Crown Royal Marquis Moment: Add all ingredients into a cocktails shaker, add ice. Shake and strain into an ice-filled rocks glass and garnish with dehydrated pineapple. The Crown Royal Marquis bottle maintains the brands iconic shape, reimagined with luxurious detail. A deep, purple hue paired with signature Crown Royal purple lettering gives the bottle a sleek, elevated finish that mirrors the whisky's bold character. It's a refined take on a classic design, fit for gifting, celebrating or standing out on the shelf. Crown Royal Marquis will be available beginning May 2025 in Georgia, Maryland, Washington D.C. and select military bases, where spirits-based beverages are sold, for a suggested retail price of $39.99. Announcement • Apr 25
Oban Launches A New and Extraordinary Scotch Whisky | Oban 15 Cask Strength Sherry Cask Finish In a world that moves fast, true craftsmanship takes time. Enter Oban's latest release, Oban 15 Cask Strength Sherry Cask Finish – a limited-edition Single Malt Scotch Whisky that celebrates the mastery of patience and precision. Meticulously aged and carefully finished in Andalusian Sherry Casks, this expressive whisky invites drinkers to slow down, savor the moment and appreciate the craft. This new, creamy-smooth expression from Oban was aged to perfection in European Oak Butts and American Oak Hogshead Barrels before being finished in Oloroso and Palo Cortado Sherry Casks. On the nose, Oban 15 Cask Strength Sherry Cask Finish opens with aromas of dried raisin and orchard fruit, giving way to charred orange rind and lemon peel. The whisky's palate delivers layered notes of burnt sugar, cinder toffee and a slight hint of almonds, European Oak imparts tannins, pepper, and spice, culminating in a warm lingering finish of brown sugar. Tucked away in the West Highlands of Scotland, Oban Distillery has been producing exceptional whisky since 1794. Oban 15 Cask Strength Sherry Cask Finish was created by the distillery's seven artisans, inspired by the flavors and traditions of southern Spain's Andalusia region. Reflecting the distillery's long-standing dedication to quality, Oban 15 Cask Strength Sherry Cask Finish is a true embodiment of the mastery of the seasoned distillers who carefully create Oban day by day. Under the guidance of DIAGEO Master Blender Dr. Stuart Morrison, hand-selected casks were carefully finished for over four years in Oloroso and Palo Cortado Sherry Casks, resulting in a transportive tasting experience that marries sweet dried fruits, citrus and Oban's signature maritime salinity. Oban 15 Cask Strength Sherry Cask Finish is a testament to balance and detail. Like a thoughtfully curated grazing board, every note, every flavor, and every detail of this whisky is crafted to be savored. It pairs beautifully with aged meats, nutty cheeses, and briny olives, making it the ideal choice for a neat dram and a sell-set grazing board. This limited-edition bottle is a testament to the art of appreciation, and is available at select spirits retailers nationwide with a suggested retail price of $150 for 750mL. Announcement • Apr 18
Johnnie Walker Establishes New Standard in Design Innovation by Introducing Blue Label Ultra, the World's Lightest 70Cl Scotch Wholly Glass Bottle Johnnie Walker unveils Blue Label Ultra, a limited edition first-of-its kind, boundary-breaking innovation. Weighing just 6.3oz (180g), Johnnie Walker Blue Label Ultra is the lightest 70cl Scotch whisky glass bottle. Using new, patented glass technology developed by Diageo's design team this lighter, lower-carbon bottle embodies the future of luxury packaging, fusing sustainability with exceptional craftsmanship. Born from a five year journey in glass innovation, this milestone proves that premium packaging can be both luxurious and eco-conscious. In the course of its research, the brand has been granted a patent to encourage further progress in the industry - and in a first for Diageo - a license to the open sourced patent will be offered on a royalty-free basis to anyone in the world who wishes to share in these discoveries. Each bottle is filled with a specially blended liquid by Dr. Emma Walker, Johnnie Walker Master Blender, featuring whisky from legendary distilleries such as Oban, Brora, and Royal Lochnagar, as well as select 'ghost whiskies' from now-closed distilleries. The result is a unique liquid boasting the essence of fresh red berries, sweet vanilla, wood spice, to coffee and warming wood smoke. In celebration of this milestone, Johnnie Walker has partnered with leading North American-based artists, designers, and The Corning Museum of Glass to further explore the future of design and sustainable innovation. Whether through drinking vessels, artistic interpretations, or applications, these commissioned works push the boundaries of lightweighting glass, all in the name of progress. Showcased designers include Amber Cowan, Objects of Common Interest, and Scott Newlin, each recognized for their distinctive contributions to contemporary design and material exploration. During NYCxDesign in May, the commissioned works will be unveiled at an exclusive exhibition hosted at the Cristina Grajales Gallery, a space dedicated to showcasing cutting-edge contemporary design. With only 888 bottles ever produced, the Johnnie Walker Blue Label Ultra release is an extraordinarily rare expression of whisky craftsmanship. Johnnie Walker Blue Label Ultra will launch in the North American market on May 1st, with a SRP of $1,250. Announcement • Apr 03
The Traditional Green Mill Ltd agreed to acquire 54.40% stake in Seychelles Breweries Limited from Diageo plc (LSE:DGE) for $80 million. The Traditional Green Mill Ltd agreed to acquire 54.40% stake in Seychelles Breweries Limited from Diageo plc (LSE:DGE) for $80 million on April 2, 2025. A cash consideration of $80 million will be paid by Phoenix Beverages Limited. As part of consideration, $80 million is paid towards common equity of Seychelles Breweries Limited. Immediately following completion of this transaction, Seychelles Breweries Limited will remain listed on the Seychelles Stock Exchange. Under the terms of the agreement, Diageo will retain ownership of the Diageo brands currently produced by Seychelles Breweries (Guinness and Smirnoff RTDs) as well as distribute IPS in-market, which will be licensed to Seybrew under a new long-term license and royalty agreement.
The transaction is expected to complete in June 2025.
Michelle Gomes, Naomi Leach, Kamal Shah and Richard Freedman of Stephenson Harwood LLP acted as legal advisor to Phoenix Beverages. Announcement • Mar 26
Smirnoff Releases Bold New Ready-To-Drink Cocktail Across Canada Smirnoff vodka is shaking up the Canadian ready-to-drink market with the launch of three exciting new cocktails: Raspberry Mule, Cosmo Bellini, and Passion Fruit Martini. Crafted with premium quality and packed with bold, vibrant flavours, these expertly crafted drinks deliver an elevated cocktail experience anytime, anywhere. Whether you're relaxing with friends or toasting to a special moment, new activities from Smirnoff offer the perfect blend of convenience and a refreshing taste. Building on the rich heritage of Smirnoff in quality and innovation, these new cocktails reimagine timeless classics with a fresh, modern twist. Designed for those who crave bold flavours without the fuss, each variety blends nostalgia with vibrant new tastes: Raspberry Mule: A refreshingly sweet and tart blend of tangy raspberry notes and zesty ginger flavour, perfect for those who love a punchy kick of flavour. Cosmo Bellini: A smooth and delicious combination of cranberry and citrus flavours, offering a sweet yet sophisticated profile, making it a perfect complement to any celebration. Passion Fruit Martini: A tropical delight that marries exotic passion fruit notes with the smoothness of Smirnoff vodka, delivering a sweet and tangy taste sensation. As more brands enter the ready-to-drink space, Smirnoff's legacy as a vodka pioneer since 1864 ensures it continues to stand out with expertly crafted cocktails. Each drink is carefully made with Smirnoff vodka, deliver a premium experience with every sip. The perfect complement for gatherings with friends or impromptu celebrations, Smirnoff ready-to-drink cocktails are designed to complement any occasion. Available in convenient cans, these innovative beverages offer a bar-quality cocktail experience with no bartending skills required. Just crack open, sip, and enjoy. All three flavours of the new Smirnoff ready- to-drink cocktails are now available in Western Canada and Quebec, with the Passion Fruit Martini available in Ontario. Announcement • Mar 20
Diageo Announces Change in Managing Director for Ireland, Effective June 1, 2025 Diageo has named Louise Ryan as its new managing director for Ireland. She'll take up the role on June 1, 2025, replacing Barry O'Sullivan, who is take up a new role as managing director of Diageo GB. Louise Ryan is joining the business from Pernod Ricard, maker of Jameson and other Irish whiskey brands, where she has run their Nordics business since 2023. She previously led their business here in Ireland with responsibility for domestic sales, marketing and distribution. Announcement • Feb 05
Diageo plc Declares Interim Dividend, Payable on 24 April 2025 Diageo plc declared an interim dividend of 40.50 cents per share (2023 - 40.50 cents per share) will be paid to holders of ordinary shares and US ADRs on register as of 28 February 2025. The ex-dividend date is 27 February 2025 for holders of ordinary shares and 28 February 2025 for holders of US ADRs. The interim dividend will be paid to holders of ordinary shares and US ADRs on 24 April 2025. Announcement • Feb 04
Diageo plc to Report Fiscal Year 2025 Results on Aug 05, 2025 Diageo plc announced that they will report fiscal year 2025 results on Aug 05, 2025 Announcement • Jan 29
Castel Frères SA agreed to acquire 80.40% stake in Guinness Ghana Breweries PLC (GHSE:GGBL) from Diageo plc (LSE:DGE) for $81 million. Castel Frères SA agreed to acquire 80.40% stake in Guinness Ghana Breweries PLC (GHSE:GGBL) from Diageo plc (LSE:DGE) for $81 million on January 28, 2025. Diageo will retain ownership of the Guinness brand, and other Diageo brands currently produced by Guinness Ghana, which will be licensed to Guinness Ghana under a new long-term license and royalty agreement. Transaction is subject to the satisfaction of regulatory approvals. Completion of the transaction is expected this calendar year. Immediately following completion of this transaction, Guinness Ghana will remain listed on the Ghanian Stock Exchange. Announcement • Jan 27
Diageo Has No Plans to Sell Guinness Brand, Moet Hennessy Stake Diageo plc (LSE:DGE) released a statement saying, "We note the recent media speculation around the Guinness Limited brand and our stake in Moët Hennessy SNC and we can confirm that we have no intention to sell either. We will next update the market with Interim results on 4 February 2025 and we look forward to hosting our Guinness investor and analyst day on 19/20 May 2025". Announcement • Jan 25
Diageo Reportedly Weighs Guinness Sale as Company Reviews Drinks Business Diageo plc (LSE:DGE) is considering whether to sell off Guinness Limited as it plots a review of its overall drinks business. The company, which was formed by the merger of Guinness with Grand Metropolitan in 1997, is studying a potential sale or spin off of the historic stout, which would likely be valued at about $10 billion (EUR 9.5 billion), according to people familiar with the matter. The company could run a dual-track process, weighing a listing while also gauging takeover interest, if it decides to proceed, the people said. Diageo's company s share price has fallen 27% since Debra Crew took over as chief executive a year and half ago, and the group's sales have dropped on cooling demand in China and the United States. As well as that, the owner of Guinness and Johnnie Walker surprised investors with a profit warning just months into her tenure after getting caught out by piles of unsold inventory in Mexico and Brazil. Sean Diddy Combs As well as possibly offloading Guinness, Diageo is already looking to sell Ciroc vodka, a brand once backed by music mogul Sean Diddy Combs, and could look to dispose of other subscale or underperforming labels. Diageo's 34% in Moet Hennessy is also under review, the people said, asking not to be identified discussing private deliberations. Diageo could look to deepen its ownership in the venture, or exit altogether. If it wanted to sell the stake, LVMH has an obligation to buy it, albeit at a 20% discount to its fair value, according to their agreement. The division has been suffering from poor demand for two years. Should Diageo seek to take full ownership of the joint venture, it would likely require a rights offer or the sale of its beer business, said Trevor Stirling, an analyst at Bernstein. Former chief executive Ivan Menezes had always maintained that if Moet Hennessy became available, Diageo would be interested in buying it, he added. They have never acknowledged that they would be willing to sell beer in fact they have always denied it, Mr. Stirling said. But I think in this case it s something they might be willing to do. No final decisions have been made, and there's no certainty the deliberations will lead to any deals. Diageo declined to comment on its plans, as did LVMH. Announcement • Oct 24
Diageo plc to Report First Half, 2025 Results on Feb 04, 2025 Diageo plc announced that they will report first half, 2025 results on Feb 04, 2025 Announcement • Oct 15
Johnnie Walker Launches the Limited-Edition Johnnie Walker Blue Label Ice Chalet in Collaboration with Perfect Moment Johnnie Walker launched the limited-edition Johnnie Walker Blue Label Ice Chalet in collaboration with luxury skiwear and lifestyle brand, Perfect Moment. Unveiled by Johnnie Walker Blue Label ambassador and Perfect Moment shareholder, Priyanka Chopra Jonas, Blue Label Ice Chalet captures the essence of the luxury après-ski experience, featuring a rare new blend crafted by Master Blender Emma Walker, along with a bottle and bag designed by Perfect Moment and inspired by 'Blue Hour' the magical time when skiing is done and turns to socializing. The new Johnnie Walker expression sees the whisky brand's iconic square shape meet Perfect Moment's bold star logo and houndstooth pattern, in a striking deep blue bottle and a bespoke bottle bag that transforms into a stylish, reversible crossbody bag, after removing the bottle. To celebrate the partnership, Perfect Moment is launching the capsule skiwear collection for both women and men, featuring coordinating designs, which has been inspired by the Johnnie Walker Blue Label Ice Chalet design. Building on Johnnie Walker Blue Label's commitment to partnering with luxury pioneers who shape culture through their craft, Perfect Moment, founded in Chamonix in 1984, is a high-performance, luxury skiwear brand that combines technical excellence with fashion-forward designs. A favorite on the slopes among many celebrity fans, Perfect Moment transitions effortlessly from the slopes to the city, the beach, and back again. Crafted from a new liquid blue and silver fabric, the new collection is inspired by the magic of the 'blue hour'. Johnnie Walker Blue Label is an icon of modern luxury, handcrafted in small batches using skills and techniques reserved only for whiskies of the highest quality, to guarantee exceptional depth of flavor. Inspired by après-ski with friends, Johnnie Walker Blue Label Ice Chalet blends whiskies from distilleries at the highest elevations in Scotland, creating a velvety-smooth blend that evokes salted honey, cacao, and soft malt characters. The new limited release will be showcased at a series of global events, starting with a launch in London and New York in October, with consumer experiences opening in January in key luxury Après Ski locations. Johnnie Walker Blue Label Ice Chalet and crossbody bag will be available to buy both online and in select stores globally from October 14, 2024. Announcement • Oct 03
Alan Stewart Steps Down from the Board of Diageo plc Haleon plc announced that Alan Stewart stepped down from the Board of Diageo plc on 26 September 2024. Announcement • Sep 04
Baileys Introduces the Limited-Edition Irish Cream Liqueur Churros are that one treat where 'just one more' is always the rule, never the exception. Bringing a new way to indulge in the deliciousness, Baileys is reinventing the classic pastry and transforming it from something people can dip to something people can sip. Come on a flavor journey with the new Baileys Cinnamon Churros Irish Cream Liqueur – a tantalizing blend of smooth Irish Cream, Irish Whisky, savory cinnamon, and warm vanilla notes. Each sip brings to life the taste of this golden crispy pastry in the velvety texture of Baileys' classic Irish Cream, making it an irresistible indulgence for any occasion. Announcement • Aug 26
Diageo plc, Annual General Meeting, Sep 26, 2024 Diageo plc, Annual General Meeting, Sep 26, 2024. Location: hilton london tower bridge, 5 more london place, tooley street, se1 2by, london United Kingdom Announcement • Aug 01
Diageo plc Recommends Dividend Final Dividend to Be Paid on 17 October 2024 Diageo plc recommended final dividend payment of 62.98 cents per ordinary share, giving a total dividend for the year of 103.48 cents per ordinary share, when it published its Preliminary Results on 30 July 2024. The Company confirms that, subject to approval by shareholders at its Annual General Meeting scheduled to be held on 26 September 2024, the final dividend will be paid on 17 October 2024 to those holders of ordinary shares and US ADRs on the Company's register as of 30 August 2024. The ex-dividend date will be 29 August 2024 for holders of ordinary shares, and 30 August 2024 for US ADR holders. Announcement • Jul 18
Montenegro S.r.l. agreed to acquire Industrias Pampero, C.A. from Diageo plc (LSE:DGE). Montenegro S.r.l. agreed to acquire Industrias Pampero, C.A. from Diageo plc (LSE:DGE) on July 17, 2024. A fixed term Transition Services Agreement (‘TSA’) has been agreed, post completion, to enable a smooth transition and continuity of the local business. Announcement • Jun 15
Diageo Plc's Brand Crown Royal and Jackie Aina, Partner to Release Limited-Edition Candle Inspired by Popular New Flavor Crown Royal Blackberry Flavored Whisky Diageo plc's brand Crown Royal announced an exciting new partnership with Beauty & Lifestyle Creator and Co-Founder of FORVR Mood, Jackie Aina. With bottles flying off the shelves nationwide, Crown Royal Blackberry Flavored Whisky has proven to be one of the brand's most popular flavor offerings. This is an innovative whisky blend deserving of a partner just as creative to kick off the summer. Jackie Aina, a well-respected creator and entrepreneur, whose brand, FORVR Mood, garnered a wait list of over 45,000 customers prior to its launch in 2020, was a natural choice for the brand. Aina's love for the new flavor inspired her curation of the limited-edition Crown Royal Blackberry x FORVR Mood candle. Appropriately titled, Berry On Top, this delicious scent is crafted with notes of blackberry, complemented with whisky accord and vanilla. Limited quantities of the candle will be available online at Forvrmood.com while supplies last. This exclusive new scent will be unveiled at the Crown Royal Blackberry Stand! The Crown Royal Blackberry Stand is an adult twist on your traditional lemonade stand, where creativity meets cocktails and spotlights business owners, via the collaboration with Jackie Aina and FORVR Mood. With the entrepreneurial spirit of a traditional lemonade stand at its core, the Crown Royal Blackberry Stand will provide a platform for rising founders via the brand's partnership with 501(c)(3) organization, Black Girl Ventures Foundation. Attendees that visit the stand are invited to sip signature cocktails and shop the exclusive Berry on Top candle as they learn more about Crown Royal charity partner Black Girl Ventures Foundation. Black Girl Ventures Foundation is an IRS § 501(c)(3) organization dedicated to providing underrepresented founders with access to community, capital, and capacity building to meet business milestones that lead to economic advancement through entrepreneurship. Crown Royal's partnership with FORVR Mood and Jackie Aina is rooted in the support of Black Girl Ventures Foundation. To further their efforts, Crown Royal will be donating $50,000 to Black Girl Ventures Foundation from the Crown Royal Generosity Fund, where half of the donation will support the BGV Pitch Program. Crown Royal Blackberry Whisky has an ABV of 35% and is available nationwide for a limited time at a suggested retail price of $26.99 for a 750mL bottle. Announcement • May 10
Lone River Serves Up New Look, Flavor and Spirit of Modern West Ahead of Country Music's Big Celebration in Texas Lone River announced that it rolls into the Lone Star State serving up fresh new flavor and possibilities in a celebration of the modern West and those who embody its unique spirit. Ahead of one of country music's big nights, Lone River will raise a can to its flavor-forward new look and delicious NEW Blackberry Ranch Water at the first-ever Lone River Collective. On May 15, 2024, the Lone River Collective will open its doors for a gathering of like-minded trailblazer brands and performances from country music's hot newcomers. Also making an appearance is Miranda Lambert, a true icon of the trailblazing spirit, whose enduring presence atop the country charts speaks volumes. In her second year of partnership with Lone River, it's no surprise that Lambert, who has been a fan of the brand and its founder, Katie Beal Brown since they arrived on the scene, embraces the new flavor offering given her roots in Lindale, Texas, was once celebrated as the Blackberry Capital of the World. The Lone River Collective will bring together like minded brands in celebration of the shared entrepreneurial spirit they were built on and invites guests to drop by to score custom merch, enjoy delicious Texas bites and refreshing tasting Lone River Ranch Water and Ranch Ritas, against the backdrop of epic performances heading into summer. City Boots – Known for premium, handcrafted cowboy boots blending fashion and heirloom quality, City Boots' first-ever collab with Lone River is inspired by the bold new Ranch Rita can design and will be available in a limited edition release available on City Boots' website. Flea Style – As the official beverage partner, Lone River will team up with the Texas-based lifestyle brand to bring its famous custom hat bar experience and goods to the newest location – the Lone River Collective. Post-event, Lone River will continue to provide shoppers a beverage each time they belly up to the home of the original hat bar at locations around the country. Diamond Cross Ranch – Famous for its distinct apparel celebrating cowboy heritage and the modern West, the family run ranch in Jackson Hole, WY and Lone River will give guests a sneak peek at their first exclusive merch collab with two more drops coming this summer. Solo Stove – Lone River and the maker of ingenious lifestyle products that help customers create lasting memories, will drop an LTO smokeless firepit that's perfect for gathering 'round with friends all summer long. Daniel x Diamond – Daniel Diamond believes that stage wear and rhinestones should transcend musicians and stages. Together with Lone River, the brand will bring glamour and the heritage of Western culture to life through a rotation of custom pieces. Fowl & Maker – Renowned for its exquisite chain stitch embroidery, the Fort Worth-based brand will weave personalized touches and artistry into guests' western flare. The Lone River Collective is giving the Lone Star State the first taste of its NEW Blackberry Ranch Water before rolling out nationwide this month. An homage to its Texas roots and the state's beloved homegrown fruit, the new flavor is made with organic agave nectar, a delicious mix of juicy blackberries and tart key lime finish. The highly anticipated new flavor has already set its sights on joining the ranks of the other delicious tequila-inspired beverages in the Lone River portfolio. Recently heralded one of the Best Hard Seltzers of 2024 by Wirecutter, the OG Ranch Water's new brand and flavor-forward packaging pays tribute to an authentic western way of life. The reimagined Lone River logo was created by a West Texas blacksmith using real branding irons, and the newly designed Lone River Ranch Rita pack was inspired by the intricate stitching that's become synonymous with cowboy boots. Announcement • Apr 10
Diageo plc to Report Fiscal Year 2024 Results on Jul 30, 2024 Diageo plc announced that they will report fiscal year 2024 results on Jul 30, 2024 Announcement • Mar 22
Diageo plc Announces Board Changes Diageo announced that current non-executive director Sir John Manzoni will be appointed Chair of the Board on or around 5 February 2025 when current Chair Javier Ferrán retires from the Board. Sir John Manzoni joined the Diageo Board in October 2020, having been Chief Executive of the UK Civil Service from 2014 to 2020. He is currently Chair of FTSE-listed multinational energy business SSE plc and a non-executive director of engineering and technology business KBR Inc. He was previously a non-executive director of the multinational drinks company SAB Miller plc for 11 years from 2004 to 2015. Earlier in his career John served as President and Chief Executive Officer of Talisman Energy, and held a number of senior executive roles at BP plc. Javier Ferrán joined the Diageo Board in July 2016 and was appointed Chair on 1 January 2017. Sir John Manzoni will also succeed Javier Ferrán as Chair of the Nomination Committee in February 2025. Announcement • Mar 06
Diageo Announces Highly Anticipated 2024 US Release of Mortlach 30 Year Old: Midnight Mal Diageo announced the highly anticipated 2024 US release of Mortlach 30 Year Old: Midnight Malt. Marked by its incredibly rich and deep flavor, with an enticing and complex blend of peppery spice, orchard fruits, and chocolate. Mortlach 30's availability is limited; with only 350 bottles available worldwide. This magnetic whisky is intended to be savored slowly as day transcends to night. Known as the Midnight Malt, Mortlach 30's incredible intensity stems from the unique distillation process Mortlach is known for, paired with a three cask finish. Crafted under the meticulous guidance of Dr. Craig Wilson, Diageo's esteemed Master of Malt, Mortlach 30 Year Old epitomizes the harmonious marriage of tradition and innovation. Aged for three decades in a three-cask finish of bold provenance, the spirit was split into three different seasoned barrels: Bordeaux wine, Calvados, and Guatemalan rum, then refined in custom quarter casks. Bottled at 49.8% ABV, Mortlach Midnight Malt captivates the senses with its exquisite depth and complexity. Coinciding with the 2024 release of Mortlach 30 Year Old, is Mortlach's partnership with multifaceted designer, architect, and artist, Suchi Reddy to create the ultimate object for whisky lovers. Launching during Frieze LA, RARE, a dual-function whisky coaster and incense holder, that through a carefully curated scent, elevates the senses and invites users to pair with a glass of the bold Midnight Malt. True to the legacy of the Mortlach portfolio, this single malt scotch is intricately crafted to achieve an exquisite tasting experience. Mortlach is a treasure of Scotland's iconic Speyside region and is deeply rooted in thoughtful craftsmanship, distilled through a distinct, design-forward process of whisky-making using an intricate 2.81 distillation process, the outcome is a whisky with a smooth complexity and a bold flavor without the smoke. Announcement • Feb 21
Diageo plc Announces Board Changes Diageo plc announced the appointment of Julie Brown as a Non-Executive Director, effective 5 August 2024. On appointment, Julie will succeed Alan Stewart as Chair of the Audit Committee, who will retire from the Board immediately prior to Diageo's AGM in September 2024. Julie has been Chief Financial Officer and Executive Director of GSK plc since 1 May 2023, prior to which she served as Chief Operating and Financial Officer and Executive Director, Burberry Group plc between 2017 and 2023. Julie has also served as Group CFO of Smith & Nephew plc from 2013 to 2017 having previously worked for 25 years at AstraZeneca PLC in various finance, commercial and strategic roles including as regional and country president and latterly as Interim Group CFO. She has extensive experience in financial and strategic matters, business transformation and executive leadership in complex multi-national UK-listed organizations within the life sciences and consumer goods sectors. In addition to her executive roles, Julie was a Non-Executive Director and Audit Chair of Roche Holding AG from 2016 to 2022 and has been amember of the UK Prime Minister's Business Council. She is a Fellow of the Institute of Chartered Accountancy and the Institute of Tax, having qualified with KPMG. Announcement • Jan 31
Diageo Announces the Launch of the Astral Margarita Diageo is shaking up the cocktail scene with the launch of the Astral Margarita, the sixth and latest offering in its popular line of ready-to-serve cocktails, The Cocktail Collection. This news arrives on the heels of the Astral Margarita's recent recognition at the prestigious San Francisco World Spirits Competition (2023), where it was awarded a Double Gold medal rating—an accolade achieved by very few spirits entries. The Astral Margarita now joins the ranks of the already acclaimed collection, which includes the Ketel One Espresso Martini, the Ketel One Cosmopolitan, the Bulleit Old Fashioned, the Bulleit Manhattan, and the Tanqueray Negroni. The new serve promises to deliver cocktail fans yet another bartender-quality classic - no mixology skills needed - perfectly timed for escaping the winter doldrums and gearing up for spring cocktailing. The Astral Margarita promises to swiftly delight hosts, guests, and drinks enthusiasts alike. Instead of being tethered to the bar searching for ingredients and tools, consumers 21+ can now simply open, pour, and serve the popular cocktail at home. Hosting the ultimate Game Day party or springtime soirée is a breeze, with drinks that require minimal preparation and never sacrifice on taste. Crafted with quality ingredients and precision, this ready-to-serve sensation captures the essence of Astral Tequila, which utilizes a traditional, time-intensive process to achieve a smooth, bright profile with bursts of citrus and notes of agave. The signature serve combines blanco tequila, zesty lime juice, and triple sec, delivering a tasty medley of agave, juicy, tart lime, tangerine, and a soft vanilla finish. Presented in a striking blue bottle adorned with stars that pay homage to its celestial name, the Astral Margarita is a true embodiment of the brand's ethos, 'of the stars.' The Astral Margarita is available nationwide in two large sized formats: 350ml (SRP: $13.99) and 750ml (SRP: $25.99), serving four and eight cocktails per glass bottle, respectively, with an average ABV (alcohol by volume) of 20%. 
