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 has unveiled its latest premium offering, Crown Royal Aged 31 Years, as part of its Higher Marques portfolio. This rare blended Canadian whisky is the brand's oldest and finest to date, following the success of Crown Royal Aged 30 Years. Crafted by Master Blender Mark Balkenende, this exceptional whisky offers a unique flavor profile with spiced notes, hints of red apple, toasted oak, and vanilla, culminating in a long, full finish with warm fruity spice.
With an ABV of 46%, Crown Royal Aged 31 Years is available for a time in select regions across the United States. The suggested retail price is $599 for a 750ml bottle. This release represents Crown Royal's commitment to innovation and expertise in whisky-making, designed for those who appreciate life's exquisite moments and seek a truly luxurious experience.
Buchanan's Scotch Whisky launches the #ComoLoDigas campaign to celebrate the diverse pronunciations of its name among 200%ers (100% American and 100% Hispanic). The campaign, partnering with SNL's Marcello Hernández and Puerto Rican chef Manolo López, aims to highlight how language differences unite the Hispanic American community.
The initiative includes:
- A surprise appearance in New York City's Lower East Side
- Five murals in major U.S. cities designed by local 200% artists
- Digital video spots and social media engagement
Buchanan's invites fans 21+ to join the conversation using #ComoLoDigas and enjoy cocktails like Piña Fizz and Buchanan's La Familia. The whisky is available nationwide at $29.99.
Blade and Bow has re-released its ultra-premium 22-Year-Old Kentucky Straight Bourbon Whiskey at the Stitzel-Weller Distillery and Garden & Gun Club in Louisville, KY. This highly sought-after bourbon will be available in quantities at the distillery and select U.S. markets while supplies last. The whiskey offers a complex flavor profile with notes of baked orchard fruit, warm vanilla, and spiced honey.
The release pays homage to the craftsmanship and tradition of Stitzel-Weller Distillery. Due to the finite amount available, there's no guaranteed timeframe for how long this in-demand bourbon will be accessible. Consumers can experience the 22-Year-Old year-round at The Garden & Gun Club at the Stitzel-Weller Distillery through a special tasting experience.
Aviation American Gin introduces Expedition Strength, a new duty-free exclusive for travel retail across select countries globally starting October 1. This exclusive varietal, crafted for world travelers, features a rarified formulation with enhanced flavors including sarsaparilla, floral sweetness, parma violets, orange zest, and spice. The gin is citrus-forward and fortified for long-distance journeys.
To celebrate the launch, Aviation American Gin is hosting a special activation at Barcelona Airport Terminal 1 from September 3 to October 30, offering travelers the chance to sample signature cocktails. The brand is also partnering with duty-free retailer Avolta to introduce an AI totem for a personalized experience. Signed bottles by Ryan Reynolds, co-owner of Aviation American Gin, will be raffled off at Barcelona Airport.
Johnnie Walker and Netflix's Squid Game are collaborating for the release of Squid Game Season 2 on December 26, 2024. The partnership introduces a -edition Johnnie Walker Black Label bottle design featuring numbers from 001 to 456, mirroring the show's player count. The iconic Striding Man logo now wears the show's green tracksuit.
The collaboration kicks off with a Times Square takeover at 4:56 p.m., symbolizing the 456 players. Fans can enjoy 'the 456' signature cocktail, created by mixologist Ginn Choe, combining Korean ingredients with Johnnie Walker Black Label.
The partnership includes global marketing activations across the US, Europe, and Asia, featuring outdoor media, social campaigns, events, and retail promotions. The campaign will also run on Netflix's ad-supported plan, offering an integrated experience for fans and whisky enthusiasts alike.
Diageo PLC has released a trading commentary ahead of its 2024 Annual General Meeting. Chief Executive Debra Crew stated that the company's expectations remain unchanged from their fiscal 24 preliminary results reported on July 30, 2024. She acknowledged that the global environment remains challenging for both the industry and Diageo, with consumers continuing to be cautious.
The company is focusing on strengthening business resilience through operational excellence, productivity, and strategic investments to win quality market share. Diageo has made progress on strategic initiatives, including US route-to-market enhancements and restructuring its business model in Nigeria. Crew expressed confidence in the strong fundamentals of the global TBA and spirits industry, anticipating a return to growth when the consumer environment improves.
The USBG Presents World Class Sponsored By DIAGEO is seeking applications for the 2025 U.S. Bartender Of The Year competition. Entering its 13th season, the program offers bartenders a chance to showcase their skills on a national stage. The deadline for applications is October 15, 2024.
Key dates include:
- December 2024: Top 100 Announced
- February 2025: Top 30 Regional Finalists Announced
- May 2025: U.S. Finals
- Fall 2025: World Class Cocktail Festival and Global Finals in Toronto, Canada
The competition is supported by DiageoBarAcademy.com, an online training platform for experienced bartenders. Jonathan Stanyard of Seattle was crowned the 2024 U.S. Bartender of the Year and represented the U.S. at the Global Finals in Shanghai, China.
Bulleit Frontier Whiskey has launched Bulleit Rye 10-Year-Old, a new permanent addition to its portfolio. This whiskey, along with Bulleit Bourbon 10-Year-Old, forms the new Bulleit 10-Year Aged Whiskeys range. The Rye 10-Year-Old maintains the 95% rye and 5% malted barley mash bill, aged for a minimum of 10 years in new charred American white oak barrels. It's bottled at 91.2 proof (45.6% ABV) and has already won awards, including a Gold Medal at the 2024 San Francisco World Spirits Competition.
The launch comes amid growth in the rye category, with Bulleit at the forefront since 2011. The new product follows recent releases like Bulleit American Single Malt and Batch 8 of Barrel Strength Bourbon. Bulleit Rye 10-Year-Old is now available nationwide for $49.99 per 750ml bottle.
Crown Royal and country music star Kane Brown celebrated the finale of Brown's 'In the Air' Tour with a special tribute to military veterans. The event, held on Sept. 14, 2024, at Globe Life Field in Arlington, Texas, marked the culmination of their partnership and the 'That Deserves a Crown with Kane Brown' contest.
The contest allowed fans to nominate veterans for a VIP experience at Brown's final concert. The grand-prize winner received an exclusive celebration, including rounds of golf, custom cocktails, and a toast from Brown. The evening concluded with an onstage tribute and Brown's performance.
This collaboration underscores Crown Royal's commitment to supporting the military community and its long-standing presence in country music. The brand has partnered with veteran-focused charities like CreatiVets and Packages from Home, supporting over 1 million service members.
Ketel One Family Made Vodka has become the world's first spirits brand to implement accessible QR codes (AQRs) on its packaging. This innovation, available on their ready-to-serve cocktails, allows easier product identification and access to information for consumers who are blind or have low vision. The AQRs can be detected by accessibility apps like Microsoft Seeing AI, Be My Eyes, and Envision, providing text-to-speech information about the product, allergens, and even recipe suggestions.
The AQRs will be found on Ketel One Vodka's bottled Espresso Martini and Cosmopolitan products from The Cocktail Collection, set to hit shelves this month. This initiative aligns with Ketel One's commitment to inclusivity and advancing cocktail culture. Carl Nolet Jr., 11th generation family member, expressed pride in this innovation, which aims to provide greater choice for all consumers through accessible product information.
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