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.
The George Dickel x Leopold Bros Collaboration Blend, a historically-inspired rye whisky, is set to return to shelves this November, following the success of its inaugural release. The blend combines Leopold Bros' Three Chamber Rye and George Dickel's column still rye, aiming to revive classic cocktails and rare rye whiskies. With a suggested retail price of $109.99, it offers a floral nose and a complex palate, making it a perfect gift for whisky enthusiasts. The release underlines the ongoing partnership between George Dickel and Leopold Bros, emphasizing their commitment to quality and authenticity.
Tanqueray No. TEN, in collaboration with martini expert Stanley Tucci, launches the "Make It A Martini Night" digital campaign, celebrating the martini's resurgence in 2022. This campaign features Tucci showcasing how the premium gin enhances the classic cocktail, particularly with a grapefruit twist. Tanqueray No. TEN offers a burst of citrus and is priced at $33.99 for a 750ml bottle. The campaign includes two promotional videos and emphasizes the sophistication and modern appeal of the martini, with Tucci embodying these qualities.
Crown Royal donated $25,000 to the Southern Smoke Foundation, contributing to a $1 million commitment to support hospitality workers and military members during the NFL season. This initiative is part of a multi-year partnership with the NFL and includes the 'Kick off with Crown Royal' campaign. NFL legends Bo Jackson and DeMarcus Ware participated in a BBQ cook-off at the Southern Smoke Festival, encouraging community support. The brand aims to raise awareness for those in the food and beverage industry while promoting responsible drinking through its various programs.
Tequila Don Julio honors its late founder, Don Julio González, with the exclusive release of Tequila Don Julio Ultima Reserva, a luxury Extra-Añejo tequila. Limited to a select number of cases, this special bottling is based on the final agave harvest from 2006. The 36-month aged tequila, which has won a Silver Medal in the 2022 San Francisco World Spirits Competition, is priced at $499 for a 750ml bottle. Available in limited quantities, this offering aims to preserve González's legacy.
Crown Royal Peach and Social Studies have partnered with Colu Henry to launch an exclusive entertainment kit named A Royal Good Time, designed for stylish and simple fall gatherings. The kit includes an exclusive cocktail recipe, custom napkins, luxe glassware, and the cookbook Colu Cooks: Easy Fancy Food. Available for a limited time on Social-Studies.com, this kit aims to enhance at-home entertaining experiences with Crown Royal Peach, the top-selling Canadian whisky brand. The collaboration was announced on October 13, 2022, just in time for the fall season.
Diageo has announced that applications for the 2023 USBG Presents World Class competition are open until November 15, 2022. This prestigious event seeks to crown the 2023 US Bartender of the Year and will feature regional and national finals in Austin, TX. The competition promotes mentorship and training for bartenders, culminating in global finals in São Paulo, Brazil. Previous winner, Jessi Pollak, represented the U.S. at the Global Finals, highlighting the program's success.
Nick Offerman introduces the Lagavulin Offerman Edition: Charred Oak Cask, an 11-year Single Malt Scotch Whisky. Aged in re-charred American and European oak casks, this limited edition is tailored for steak pairings. Released on October 12, 2022, the whisky retails for $79.99 and is available at select U.S. liquor stores and online. Offerman emphasizes its smokiness and recommends enjoying it with a expertly seared cowboy ribeye. This marks the third collaboration between Offerman and Lagavulin, featured in a thrilling promotional video.
Diageo North America commits $1 million to Miami Dade College Foundation to establish a permanent endowment for students from underrepresented communities. This funding will enhance access and support educational curriculum development, focusing on cultivating a diverse talent pipeline. The initiative targets particularly Hispanic and Black students, who represent over 90% of MDC's enrollment. This partnership aligns with Diageo's broader commitment to equity in education and follows its $10 million investment in similar programs across 25 HBCUs.
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