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.
In celebration of Hispanic Heritage Month, the Tequila Don Julio Fund has relaunched its grant program, offering $20,000 grants to support Hispanic entrepreneurs. Inspired by founder Don Julio González's legacy, the program aims to empower business owners through funding, mentorship, and marketing resources. The initiative is supported by the Association of Latino Professionals For America (ALPFA) and includes a new Advisory Board of Hispanic leaders. Applications are open until October 15, 2022, with winners announced in November. A total of $100,000 in grants is available.
Guinness has announced a partnership with quarterback Joe Burrow to launch the Guinness Gives Back program, aiming to inspire Americans to pledge over one million service hours to their communities. This initiative, supported by Joe Montana, emphasizes service amidst numerous societal challenges. Guinness has a history of community support, including donating $3 million to charities since the pandemic's start and providing over 50,000 loaves of bread to food banks. The initiative aligns with Guinness's core values of giving back and community involvement.
Blade and Bow has re-released its 22-Year-Old Kentucky Straight Bourbon Whiskey in celebration of National Bourbon Heritage Month. This ultra-premium bourbon, aged at the historic Stitzel-Weller Distillery, is available in 14 states and at the distillery itself. The bourbon is noted for its complex flavor profile, reminiscent of a freshly baked apple pie. Due to limited availability, demand is high, and there is no guaranteed timeframe for its availability. The tasting experience includes a one-ounce pour, handcrafted glass, and additional memorabilia.
Baileys introduces a new limited-time offering, Baileys S'mores Irish Cream Liqueur, as the fall flavor trend gains momentum. This indulgent liqueur blends flavors of toasted marshmallows, sweet graham crackers, and rich chocolate, offering a nostalgic campfire treat experience. Alongside this launch, Baileys collaborates with artisan bakeshop S'moreology to create a Baileys S'mores Skillet Kit for fall gatherings. The kit includes ingredients to prepare a s'mores dip. Baileys S'mores is available nationwide at a retail price of $24.99 for a 750ml bottle.
Smirnoff is calling all football fans to apply for the inaugural Cocktail Coordinator position, an honorary role tied to its sponsorship of the NFL. The winner will enjoy a trip to Super Bowl LVII and participate in gameday festivities. The search begins with fans showcasing their best Smirnoff cocktail recipes on BestJobInAmerica.Smirnoff.com. Applications are open until October 31, 2022. Celebrity scouts, including Anthony Anderson and Vernon Davis, will support the campaign, which aims to elevate gameday experiences with engaging cocktails.
The Cascade Hollow Distilling Co. has launched the George Dickel Bottled in Bond Fall 2008, Aged 13 Years, expanding its award-winning whisky series. This new offering, originating from barrels distilled in Fall 2008, boasts a score of 95 from Whisky Advocate and is priced at $44.99. The whisky features fruit and nut notes with a balanced complexity, aged an additional two years compared to previous releases. Cascade Hollow emphasizes transparency and craftsmanship, with General Manager Nicole Austin stating a commitment to high-quality whisky.
Johnnie Walker has launched a limited edition Ghost and Rare Port Dundas Master Set, celebrating the legacy of the historic Glasgow distillery. Only 75 sets are available, featuring a signed 1L bottle, an NFT, and digital art by Ivona Tau. This release highlights rare whiskies from Port Dundas, known for its unique grain character before its closure in 2010. The set is priced at $775 USD and will be available on BlockBar.com starting September 9, 2022. The collaboration aims to merge whisky craftsmanship with Web3 cultural innovation.
On August 25, 2022, Johnnie Walker announced the continuation of its 'First Strides' initiative in collaboration with IFundWomen and She Should Run. This initiative aims to support and empower women entrepreneurs and leaders in public service, aiming to close the gender gap in leadership roles. Johnnie Walker pledges to donate up to $1 million in grants by 2030 to women-owned businesses. The initiative aligns with She Should Run's goal of inspiring 250,000 women to pursue public leadership by 2030, highlighting the brand's commitment to gender equity.
Ketel One Family Made Vodka returns as the Official Spirits Partner for the 74th Emmy Awards Season, collaborating with Emmy-nominated actor Colman Domingo. This partnership features an exclusive at-home Emmys hosting collection available nationwide, enhancing cocktail experiences for fans. Domingo shares tips and curated items such as a bartending kit and glassware to elevate party settings. The collection includes innovative cocktails designed with award-winning mixologists. Recipes for signature cocktails will be available on social media to assist hosts in creating memorable award night experiences.
Loyal 9 Cocktails, a vodka lemonade brand acquired by Diageo, has launched its first national advertising campaign featuring comedian Ziwe. The campaign emphasizes the brand's commitment to using real vodka and real lemons without carbonation. Loyal 9 offers various flavors, including Lemonade and Mixed Berry Lemonade, which have received awards for their taste. The cocktails are gluten-free, with an ABV of 9%, and retail at approximately $12.99 for a pack of four 12 oz cans. The campaign aims to resonate with consumers who appreciate bold flavor and authenticity.
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