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.
Diageo has inaugurated a new manufacturing facility in Plainfield, Illinois, with a capacity to produce over 25 million cases of malt-based beverages and spirits-based RTD cocktails. This $110 million investment creates 50 full-time jobs and aims to bolster Diageo's ready-to-drink portfolio. The facility will support brands like Smirnoff and Crown Royal, enhancing the company's convenience category strategy. The expansion reinforces Diageo's long-term partnership with Plainfield, contributing to local economic development.
Guinness is celebrating St. Patrick's Day with a series of events and promotions, including a $1 million Great Reunion Toast contest that invites participants to share their best toasts. The event aims to rekindle festive traditions after a three-year hiatus, with various local celebrations and sponsor involvement in over 75 parades nationwide. A new TV commercial and a month-long celebration at the Guinness Open Gate Brewery in Baltimore are part of the festivities. Winners of the toast contest will be announced on March 4, March 22, and April 6.
On February 16, 2022, CÎROC and Sean "Diddy" Combs launched the latest phase of their #CIROCStands initiative during Black Excellence Month. This campaign highlights the achievements of four prominent Black Chicagoans, aiming to uplift and inspire the community. Participants include Ian Gonzalez, Danielle Mullen, Midge Welch, and Darris Kelly & Sabrian Sledge, who all represent entrepreneurial success stories. The initiative emphasizes the importance of supporting Black voices and community businesses.
Crown Royal has launched a new ready-to-drink cocktail, Whisky Lemonade, set to enhance spring and summer celebrations. This flavor combines the light zest of lemonade with the bold character of whisky. Currently included in their line-up, which features award-winning flavors like Whisky & Cola and Peach Tea, Whisky Lemonade is priced at $14.99 for a four-pack and has a 7% ABV content. The drink will be available for a limited time across select locations in the U.S. The brand aims to innovate and cater to evolving consumer tastes.
I.W. Harper introduces Cabernet Cask Reserve, a Kentucky Straight Bourbon Whiskey finished in Cabernet Casks. This new product adds to the brand's legacy, which has been revitalized since its relaunch seven years ago. Aged four years in charred oak barrels before being finished in California Cabernet Sauvignon casks, it offers complex flavors of dark fruit and wine. Retailing at $49.99, it's available in select U.S. retailers and online. In celebration, I.W. Harper is collaborating with Social Studies to offer specialty at-home kits from February 15 to March 14.
Old Parr Blended Scotch Whisky has launched Old Parr Aged 18 Years as a permanent addition to its portfolio, matured for 18 years to deliver a rich flavor profile. Targeting celebrations, this whisky features a unique blend of rare malts, creating a complex taste experience. Available in states like FL, MA, NJ, NY, TX, and DE, the suggested retail price is $69.99 per 750 ml bottle. The brand aims to enhance social gatherings while maintaining high quality that has characterized Old Parr for over 150 years.
Captain Morgan, the first Official Spiced Rum Sponsor of the NFL, celebrates the NFL Fan of the Year contest with a six-part series titled 'We Bring On the Spice,' hosted by Victor Cruz. The series spotlights nominees who exemplify passionate fandom and community impact. The ultimate winner will be announced during the NFL Honors show on February 10, 2022, receiving a unique chain crafted by Ben Baller. The brand aims to recognize dedicated fans and promises an exclusive event ahead of Super Bowl LVI on February 13, 2022.
On February 3, 2022, Smirnoff, as one of the first Official Vodka Sponsors of the NFL, announced a unique Super Bowl LVI experience for remote Alaskan miners who typically lack access to the game. The event will feature a watch party for the miners, hosted by NFL player Vernon Davis. Additionally, Smirnoff is running a sweepstake for fans to win a customized Super Bowl Kit. The brand is also donating to World Central Kitchen to support essential workers during Super Bowl weekend, embodying its mission to leave no football fan behind.
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