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.
SIA Scotch Whisky has announced the return of its Entrepreneurial Spirit Fund, providing support to minority entrepreneurs in the food, beverage, and hospitality sectors. This initiative, now in its second year, has previously donated over $350,000 to help minority business owners overcome challenges, especially those heightened by COVID-19. The fund will grant $10,000 each to 11 qualifying applicants for a total of $110,000. The application process is open until Sept. 26, 2022, with recipients announced on Nov. 1, 2022.
Talisker Single Malt Scotch Whisky has renewed its partnership with the Billion Oyster Project as the lead sponsor of its Shell Collection Program in New York City. This initiative, part of the One For The Sea campaign, aims to restore one billion oysters by 2035. For each social media post using specific hashtags, Talisker will donate $10 to support oyster shell recycling. The brand also emphasizes sustainable production practices and has introduced eco-friendly packaging that is 99.8% recyclable. The partnership will continue fostering ocean health and local marine ecosystems.
Diageo and Vita Coco have teamed up to launch Vita Coco Spiked with Captain Morgan, a line of premium canned cocktails. This collaboration combines Captain Morgan's spiced rum with Vita Coco's coconut water. The cocktails will feature three flavors: Piña Colada, Strawberry Daiquiri, and Lime Mojito, each with 5% ABV and sold in 12oz cans for $14.99 per 4-pack. The launch comes as the U.S. market sees a 269% growth in rum-based cocktails, indicating strong consumer demand for convenient, quality beverages.
Smirnoff has launched its most inclusive drag celebration, the "Show Up. Show Off!" competition, announced by drag icon Shea Couleé at Chicago Pride in the Park. This nationwide event, taking place until October, encourages public participation in voting for performers. The finale will occur in New York City, with the winner receiving a $50,000 talent contract and the title of Mx. Smirnoff No. 21. Smirnoff continues its commitment to the LGBTQUIA+ community, donating $250,000 to The Phluid Phoundation and promoting inclusivity year-round.
Jessi Pollak was named the 2022 U.S. Bartender of the Year at the USBG Presents World Class competition held in Nashville, TN, from June 20-21. This prestigious event saw 15 top bartenders showcase their skills across multiple challenges. Pollak will represent the U.S. at the World Class Global Finals in Sydney, Australia. The competition highlights creative cocktail-making and promotes industry growth, demonstrating strong community engagement among bartenders. USBG and Diageo celebrate a decade of this program, emphasizing its impact on cocktail culture.
Drizly has partnered with Diageo to introduce interactive digital kiosks in New York and Los Angeles for Father's Day gifting. Starting June 16, 2022, customers can take a personality quiz to receive personalized spirit recommendations. The kiosks will operate from June 17-19 and provide QR codes linking to local retailers for same-day delivery. Users will also get promotional codes, with up to $10 off their orders. Diageo aims to enhance visibility and convenience of its products through this collaboration.
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