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.
Lagavulin launched its sixth Father's Day video, 'Dad Does It Better,' featuring Nick Offerman and his father, Ric. The video showcases their outdoor adventures, emphasizing father-son bonding over Lagavulin whisky. Notably, Lagavulin donated $50,000 to the California Fire Foundation to support local firefighters. The campaign continues to highlight the brand's commitment to heritage and sustainability. Lagavulin products are available at select U.S. retailers and online platforms like ReserveBar and Drizly.
Crown Royal is hosting events at the 2022 CMA Fest in Nashville to support the military community. With performances from 14 country music artists, including Jimmie Allen, the festival aims to foster generosity through initiatives like the Purple Bag Project, where attendees can pack care packages for deployed service members. Partnering with Operation Stand Down Tennessee, Crown Royal encourages donations to support veterans during the event. The brand remains committed to honoring military families while promoting responsible drinking.
Bulleit Frontier Whiskey, in collaboration with independent artists, is unveiling limited-edition "Art Barrels" and a UnitedMasters Vinyl Collection at the Tribeca Festival from June 9-12, 2022. This initiative aims to support Tree Equity through American Forests. The "Art Barrels," created with muralist ELLE StreetArt, will serve as planters for tree seedlings that contribute to local community greening efforts. Additionally, a limited vinyl featuring music from emerging artists will be available, with all proceeds benefiting American Forests.
Cascade Moon 15 Year Old Barrel Proof is the latest release from Cascade Hollow Distilling Co., challenging the perception that barrel proof spirits must have high alcohol content. Aged for 15 years, this spirit has a low proof of 79.8, which is below the standard for whisky. It aims to spark discussions about the relationship between proof and quality in the American whisky category. Offered at a suggested retail price of $124.99, its release follows the Cascade Moon 13 Year Old Rye winning Double Gold at the San Francisco World Spirits Competition.
Smirnoff Red, White & Berry has appointed Kaley Cuoco as its new Chief Summer Officer (CSO), effective immediately. Cuoco will drive the brand's initiative to enhance summer fun for adults, launching a marketing campaign called 'How to Summer: Grown-Up Edition.' This effort includes tips and engaging content to encourage enjoyment of Smirnoff beverages. The campaign features Cuoco in nationwide advertisements. Smirnoff Red, White & Berry is recognized as a top-selling brand, with products priced between $1.49 and $15.99 across various formats, promoting its vibrant summer flavors.
Mortlach Single Malt Scotch Whisky has partnered with designers Joe Doucet and Sabine Marcelis to launch unique products, Tropos and SHIFT, during NYCxDesign in May 2022. Tropos, inspired by Mortlach's distillation process, is a reflective chair aimed at enhancing user experience. SHIFT is a dynamic glass bar cart that reflects the whisky's complex nature. Both designs emphasize Mortlach's intricate flavors and craftsmanship, embodying the brand's commitment to distinctive experiences and design-forward collaborations.
Copper Dog Scotch Whisky announced a partnership with eight animal welfare organizations to celebrate National Rescue Dog Day on May 20, 2022. The brand will match up to $5,000 in adoption fees, totaling $40,000 in donations. Since January 2021, Copper Dog has donated over $500,000 to 25 nonprofits. The initiative aims to raise awareness about shelter dogs needing homes. Additionally, a Pup Crawl in New York City on the same day will support local bars while celebrating the occasion.
The United States Bartenders' Guild (USBG) is set to hold the 2022 World Class National Finals in Nashville, TN from June 19-22. This marks the first time Nashville will host this prestigious event, showcasing the country's top 15 mixologists competing for the title of U.S. Bartender of the Year. The finalists will face various challenges, including creating unique cocktails using Diageo products. The winner will represent the U.S. at the World Class Global Finals in Sydney, Australia, in September.
Baileys Colada Irish Cream Liqueur is returning this summer in a collaboration with floral artist Mr. Flower Fantastic and actress La La Anthony. This limited-time offering features new tropical cocktail recipes inspired by La La's Puerto Rican heritage. The launch includes a unique floral installation in Union Square, Manhattan, from May 24-25. Baileys Colada will be available nationwide for a suggested retail price of $24.99 for a 750ml bottle, emphasizing the blend of flavors and cultural inspirations. This partnership aims to enhance the summer experience through art and indulgent cocktails.
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