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.
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.
Buchanan's Blended Scotch Whisky has launched Buchanan's Pineapple, a new addition to its portfolio, which combines the smoothness of Scotch with the flavor of pineapple. This 750ml whisky (35% ABV) is priced at $29.99 and became available on February 1, 2023. The new blend features notes of caramel, vanilla, and citrus, offering a vibrant taste experience for cocktail enthusiasts. The brand aims to honor its Hispanic American roots, inspired by popular mixes like the Buchanita. With an integrated marketing campaign titled It's Piña, the brand promotes easy cocktail recipes and plans to engage with communities across various states.
Smirnoff has narrowed down its search for the first-ever Cocktail Coordinator to three finalists as part of its promotional campaign surrounding Super Bowl LVII. The finalists, Tania Ortega from Austin, India Stokes from Dallas, and Conner Sheets from Denver, will compete in a Final Interview on January 29 to demonstrate their football knowledge, entertaining skills, and cocktail-making abilities. The winner will earn a trip to Super Bowl LVII in Arizona on February 12, 2023, traveling in luxury. Smirnoff is also engaging fans with advertising in the finalists' markets and offering rideshare credits for safe transportation on game day.
Ketel One Family Made Vodka has launched a new global campaign titled Born To Cocktail, showcasing its cocktail heritage through cinematographic style. Directed by Daniel Wolfe, the campaign highlights the brand's commitment to quality and cocktail culture. It features vibrant scenes that celebrate cocktail moments, revealing its versatility in classic drinks like Bloody Marys and Espresso Martinis. The campaign is set to be released digitally starting the week of January 15, 2023, on platforms such as Hulu and CBS, promoting an elevated cocktail experience.
Baileys Original Irish Cream Liqueur has launched its first-ever Marshmallow Puffer Jacket, designed by celebrity stylist Jason Rembert. The jacket combines fashion and the winter drink experience, inspired by marshmallows typically found in hot chocolate. Available in limited quantities starting January 10, 2023, this exclusive piece is perfect for winter activities. Baileys encourages consumers to explore their fashion appeal while enjoying their liqueur. The suggested retail price for Baileys is $25.99 for a 750ml bottle, available at various retailers.
Bulleit Frontier Whiskey has launched The Bulleit Pioneer Project, a multi-year initiative aimed at supporting underrepresented voices in art, sustainability, food, and technology. The project kicks off with the Remix Challenge, hosted by GRAMMY-nominated poet J. Ivy, which invites creators to reinterpret the brand's Frontier Spirit. Participants can submit their work until December 12, 2022, for a chance to win mentorship and an all-expenses-paid trip to a Grammy-themed event in Los Angeles. This campaign emphasizes Bulleit's history of cultural partnerships and commitment to community engagement.
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