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.
On April 25, 2023, 21SEEDS Infused Tequila and Birdies launched the Top-Shelf Sneaker Collection, featuring the popular reimagined Roadrunner style. This limited edition collection pays tribute to empowered women and is inspired by various 21SEEDS tequila flavors. The sneakers, retailing for $165 USD, offer cloud-like comfort, luxurious materials, and unique design elements such as hand-cast round wood beads. Available in three colorways—Jalapeño, Hibiscus, and Valencia—these sneakers aim to empower women in their entrepreneurial journeys. This collaboration emphasizes the brands' shared values of empowerment and community. The sneakers are available for purchase starting April 25, 2023, while supplies last.
On April 19, 2023, Smirnoff ICE announced a significant rebranding initiative as part of a national campaign featuring comedian Trevor Noah. Celebrating 23 years of the iconic flavored malt beverage, the campaign includes a modern redesign, new packaging, and a Relaunch Tour kicking off in NYC, featuring live performances from top artists. The brand aims to leverage nostalgia from the late 90s and early 2000s through collaborations with Live Nation across 39 amphitheaters and major music festivals. This rebranding effort signals Smirnoff ICE’s continued relevance in a competitive market, emphasizing quality and consumer engagement. The brand also plans to release limited-edition merchandise inspired by Y2K trends, further connecting with its audience.
DIAGEO North America has launched its newest Distillers Edition bottlings in the U.S., featuring six limited-edition Single Malt Scotch Whiskies that are double-matured in varying cask woods, enhancing their unique flavors. Only one batch is produced annually, making them ideal gifts for life's milestones. The collection includes award-winning spirits from renowned distilleries like Lagavulin, Talisker, Cragganmore, Oban, Dalwhinnie, and Glenkinchie, all available for consumers 21+ in the U.S. The new labels feature design elements that reflect the character of each distillery. Historically, these editions have garnered awards, showcasing the craftsmanship and aging process integral to their creation.
Astral Tequila has announced the launch of its 'This Round's for the House' initiative, starting from Earth Day to Cinco de Mayo. The brand aims to construct 10 homes for families in Jalisco, Mexico, as part of its sustainability program, The Adobe Brick Project. Each bottle of Astral Tequila produced contributes to creating approximately two adobe bricks using upcycled agave fibers. This initiative, in collaboration with local organizations such as Habitat para la Humanidad Mexico, will improve community living conditions and promote sustainability. The campaign encourages consumers to purchase Astral Tequila from April 22nd to May 5th, with every purchase supporting further housing projects. The program also highlights the connection between tequila consumption and community development, positioning Astral Tequila as a socially responsible choice.
Diageo PLC has announced its intention to seek voluntary delistings from Euronext Paris and Euronext Dublin. This decision follows a review of trading volumes, costs, and administrative requirements related to these listings. The anticipated dates for the delistings are around May 26, 2023, for Euronext Paris and May 30, 2023, for Euronext Dublin, pending approval from the respective boards. Importantly, this move will not impact Diageo's operations in France or Ireland, nor will it affect its listings on the London Stock Exchange (DGE) or New York Stock Exchange (DEO). Investors are advised to consult with their investment advisers regarding potential impacts.
Captain Morgan, America's top-selling spiced rum, has enhanced its Original Spiced Rum with real Madagascar vanilla for a richer flavor. This new formula is complemented by a bold packaging redesign featuring vibrant colors and gold accents. The rum, which is 30% ABV and retails for $15.99 per 750mL bottle, promises a delightful mix of Caribbean rum, vanilla, and spices including cinnamon and clove. To engage customers, Captain Morgan has launched the 'Battle of the Badtenders' contest, inviting participants to showcase their cocktail-making skills using the spiced rum. The contest runs until May 3, 2023, with winners to be announced at a live event in New York City on May 17, where they can win $10,000 and recognition as the Ultimate Badtender.
The final release in the Noble Collection from Crown Royal, the Barley Edition, has been announced as a limited release that features whiskies distilled from 100% barley grains. Aged for a minimum of five years, this unique blend displays flavors of vanilla, green apple, toasted oak, and sweet caramel. It is bottled at 90 proof (45% Alc/Vol) and retails for $79.99 for a 750mL bottle. Crown Royal emphasizes innovation in this release while celebrating its tradition. The company is a leading Canadian whisky brand with a rich history, and its products are sold globally, as noted in the press release dated April 3, 2023.
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