Welcome to our dedicated page for Diageo plc news (Ticker: DEO), a resource for investors and traders seeking the latest updates and insights on Diageo plc stock.
Diageo plc (symbol: DEO) is a leading British multinational company in the alcoholic beverages industry, headquartered in London, England. Formed in 1997 through the merger of Grand Metropolitan and Guinness, Diageo excels in producing and marketing premium spirits, beer, and wine globally. Operating from 132 sites worldwide, it ranks among the top producers of branded premium spirits, comparable to Kweichow Moutai in terms of revenue.
Diageo's diverse portfolio includes renowned brands such as Johnnie Walker blended scotch, Smirnoff vodka, Crown Royal Canadian whiskey, Captain Morgan rum, Casamigos tequila, Tanqueray gin, Baileys Irish Cream, and Guinness stout. The company also holds a 34% stake in Moet Hennessy, a premium champagne and cognac manufacturer, and a 56% stake in United Spirits, India's leading spirits company.
Diageo's commitment to innovation and quality is evident in its recent projects. For example, the nationwide campaign “The 19th Hole with Blade and Bow” in collaboration with professional golfer Wyndham Clark, aims to enhance the golfing experience with premium bourbon. Furthermore, Diageo's Smirnoff ICE brand is actively promoting a new initiative called “Smirnoff ICE Surpr-ICES” to celebrate spontaneity and boldness at major festivals.
Financially, Diageo is robust, with listings on both the New York Stock Exchange (DEO) and the London Stock Exchange (DGE). The company continues to demonstrate strong growth and profitability, driven by a global strategy that includes market expansions and innovations. Recent executive changes, such as the appointment of Nik Jhangiani as the new Chief Financial Officer, reflect Diageo's strategic focus on financial efficiency and growth.
Diageo is also committed to sustainability and responsible drinking. The company's global responsible drinking resource, DRINKiQ, offers extensive information and initiatives promoting responsible alcohol consumption.
With a broad global footprint and a diverse brand portfolio, Diageo remains a significant player in the beverage alcohol industry. For more information about Diageo, visit www.diageo.com.
Roe & Co, an Irish whiskey brand, has launched the "Dublin' Up Cocktail Challenge" inviting cocktail enthusiasts to participate for a chance to win a $10,000 travel voucher to Dublin and an immersive cocktail session at their distillery. The contest encourages teams of two to creatively reinvent whiskey cocktails, with submissions accepted until May 1, 2023. Voting on finalists will take place on social media, with the winner announced after World Whisky Day on May 20, 2023. The campaign aims to celebrate modern Irish culture while honoring St. Patrick's Day traditions.
Johnnie Walker, in partnership with Women In Film and MUBI, is celebrating women filmmakers during awards season. Currently, women hold just 24% of top filmmaking roles. The initiative includes a red carpet art piece honoring seven trailblazing filmmakers and aims to inspire future generations. Johnnie Walker is a presenting sponsor of the WIF Oscar Party, honoring 65 women nominated this year. Additionally, the brand is offering a 30-day free MUBI subscription to promote women-made films, reinforcing its commitment to gender equity in the film industry.
Tequila Don Julio is expanding its luxury portfolio with the introduction of Tequila Don Julio Rosado, a Reposado tequila aged for at least four months in Ruby Port wine casks, imparting a smooth taste with fruity notes. This new offering aims to attract daytime tequila drinkers and is priced at $125.99 for a 750ml bottle. The launch is supported by a creative marketing campaign designed to enhance the experience of enjoying luxury tequila during the day. Tequila Don Julio continues to innovate while maintaining its leadership in the luxury tequila market.
Loyal 9 Cocktails has launched the Fast-Forward to Summer Sweepstakes, giving nine friends a chance to win an inclusive weekend in Santa Barbara, California, themed around lemon experiences. The sweepstakes showcases Loyal 9's vodka lemonades, known for their full flavor and crafted with real ingredients. Participants can enter until March 31, 2023, enhancing brand engagement and summer anticipation. With flavors like Classic Lemonade and Watermelon Lemonade, the brand aims to keep a summer mindset alive throughout the year, appealing to consumers aged 25 and older.
Diageo North America is expanding its commitment to inclusion and diversity with an additional
Lone River Beverage Company has launched the new Ranch Rita Variety Pack in celebration of National Margarita Day, featuring four flavors: Classic, Spicy, Mango, and Blood Orange. Made with organic agave nectar and lime juice, the pack highlights the brand's Texas roots. The Ranch Rita Variety Pack contains a 6% ABV and is designed for year-round enjoyment. Following the successful April 2022 release of the Classic Margarita, the new variety will be available nationwide, continuing to expand the brand's presence in the hard seltzer market. Lone River is recognized as the leading Ranch Water brand in the U.S.
Smirnoff is celebrating National Margarita Day on February 22, 2023, by promoting its Smirnoff Spicy Tamarind vodka, a sweet and spicy twist on the classic margarita. The brand will host events in LA, Miami, and Dallas, partnering with influencers to showcase creative cocktails. Smirnoff aims to encourage consumers to explore new cocktail possibilities with their vodka. The Smirnoff Spicy Tamarind variant has a 35% ABV and retails for $12.99. As part of its campaign, Smirnoff will soon launch the ¡Living Locura! campaign, further enhancing its brand presence in the market.
Crown Royal, the official whisky sponsor of the NFL, released its first Super Bowl ad featuring Dave Grohl, emphasizing gratitude towards Canada for its contributions. The 60-second spot includes nods to Canadian culture while showcasing the brand's commitment to generosity. Crown Royal also held events in Phoenix, honoring military veterans and hospitality workers, along with a digital 'Chain of Gratitude' initiative that encourages sharing appreciation through collectible tokens. Diageo, Crown Royal's parent company, committed $2 million to support hospitality and military communities, reflecting its dedication to social responsibility.
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