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Diageo plc - DEO STOCK NEWS

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.

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On Nov. 9, 2021, three leaders in sustainable solutions—Dassault Systèmes, Ardagh Group, and EXXERGY—announced a collaboration for virtual twin trials on Diageo's Johnnie Walker bottle set to begin in January 2022. This initiative aims to develop an innovative coating to reduce the bottle's weight while maintaining its strength. The project seeks to cut costs and raw materials used in glass production, supporting Diageo's sustainability goals and aiming for net zero carbon emissions by 2050. If successful, the lightweight bottle could undergo physical testing in summer 2022.

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George Dickel and Leopold Bros have collaborated to create the George Dickel x Leopold Bros Collaboration Blend, a unique rye whisky blend combining Leopold Bros' Three Chamber Rye and Dickel's traditional column still rye.

This limited release is inspired by a historical blending tradition, featuring tasting notes of lavender, maple syrup, and cocoa. Priced at $109.99, it will be available in select U.S. markets starting this November. Both distillers emphasize a commitment to quality and craftsmanship in this new offering.

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CÎROC has announced a collaboration with celebrity chef Richard Ingraham to celebrate Friendsgiving with a curated menu featuring the new CÎROC Pomegranate. The initiative includes recipes like Twice Baked Sweet Potatoes and Asiago and Herb Beef Roast, paired with cocktails. U.S. residents can enter a sweepstakes for a chance to win a private Friendsgiving dinner prepared by Chef Richard until November 14. Additionally, an exclusive Friendsgiving Cocktail Kit is available for purchase. This limited-time offering includes ingredients for a signature cocktail and a dessert.

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Diageo North America has launched Johnnie Walker High Rye Blended Scotch Whisky, its first whisky to feature a high rye profile, comprising 60% rye aged in American oak barrels. This blend includes single malts central to the Johnnie Walker Black Label flavor. Priced at $34.99, it is designed for cocktails and smooth sipping. The product's launch is backed by a marketing campaign encompassing sampling, advertising, and influencer support. Johnnie Walker is the leading Scotch Whisky brand globally, with over 14 million cases sold annually.

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Ketel One Botanical launched a new brand campaign, "A Purely Delightful Choice," featuring four visually rich TV commercials. This marks the brand's first campaign since May 2018. Ketel One Botanical has established itself as a category leader, offering vodka distilled with real botanicals. The brand has seen a 19% increase in volume sales and a 17% increase in value sales for the last fiscal year. The campaign focuses on highlighting the quality and taste of the Botanical Spritz cocktail while promoting responsible drinking.

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Diageo North America has pledged $2.5 million to support minority-owned small restaurants affected by the pandemic through the Seattle 'Raising the Bar' recovery fund. Eligible businesses can apply for grants of up to $7,500. The fund, in partnership with local nonprofit organizations, aims to aid the Asian-American and Pacific Islander communities. Applications open from October 29 to November 19. This initiative responds to the closure of the Restaurant Revitalization Fund, filling a critical financial support gap.

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Smirnoff officially partners with Colombian artist Karol G to celebrate Latin culture through new projects. Announced on Oct. 15 during Hispanic Heritage Month, this collaboration focuses on diversity, inclusion, and authenticity. Karol G strengthens the Smirnoff “For the People” campaign, launching the Smirnoff Poco Pico Seltzer variety pack this fall. The campaign emphasizes self-expression and unity, aligning with her upcoming “Bichota Tour.” The Poco Pico Seltzer includes flavors like Mango Chili and Spicy Tamarind. Smirnoff continues to innovate, aiming to disrupt the seltzer market.

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Smirnoff ICE celebrates its 21st anniversary with a special sweepstakes featuring Mario Lopez. One lucky winner will receive $10,000 to purchase Smirnoff ICE for the next 21 years. Participants aged 21 and over can enter by following Smirnoff on Instagram, liking Mario Lopez's post, tagging a 21+ friend, and using the hashtag #IFeel21Sweepstakes before the October 10, 2021 deadline. Smirnoff ICE remains a top-selling flavored malt beverage, reflecting the brand's commitment to evolving taste preferences and memorable celebrations.

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Buchanan's Blended Scotch Whisky has launched a new campaign titled "What Glory We Are" in honor of Hispanic Heritage Month. This initiative celebrates the dual identity of Hispanic Americans as both 100% Hispanic and 100% American. Developed by the agency Crispin Porter Bogusky, the campaign features the 200%ers, who share their experiences through various creative expressions. Notable personalities like gold medalist Jasmine Camacho-Quinn are highlighted, alongside planned community support initiatives and holiday events to engage the Hispanic American community.

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FAQ

What is the current stock price of Diageo plc (DEO)?

The current stock price of Diageo plc (DEO) is $118.92 as of November 18, 2024.

What is the market cap of Diageo plc (DEO)?

The market cap of Diageo plc (DEO) is approximately 66.2B.

What products does Diageo produce?

Diageo produces a variety of premium alcoholic beverages, including spirits like Johnnie Walker, Smirnoff, Crown Royal, Captain Morgan, Casamigos, Tanqueray, and Baileys, as well as Guinness stout.

Where is Diageo headquartered?

Diageo is headquartered in London, England.

What are some recent projects by Diageo?

Recent projects include the 'The 19th Hole with Blade and Bow' campaign in collaboration with pro golfer Wyndham Clark and the 'Smirnoff ICE Surpr-ICES' initiative to celebrate spontaneity at festivals.

Where is Diageo listed?

Diageo is listed on both the New York Stock Exchange (symbol: DEO) and the London Stock Exchange (symbol: DGE).

What is Diageo's commitment to responsible drinking?

Diageo promotes responsible drinking through its global resource, DRINKiQ, which provides extensive information and initiatives on responsible alcohol consumption.

Who is the new Chief Financial Officer of Diageo?

Nik Jhangiani has been appointed as the new Chief Financial Officer and will join the company in Autumn 2024.

What is the history of Diageo?

Diageo was formed in 1997 through the merger of Grand Metropolitan and Guinness, making it one of the world's leading producers of branded premium spirits.

How many sites does Diageo operate globally?

Diageo operates from 132 sites around the world.

What is Diageo's financial condition?

Diageo is financially robust, demonstrating strong growth and profitability, driven by strategic market expansions and innovations.

How can I get more information about Diageo?

For more information about Diageo, visit their website at www.diageo.com.

Diageo plc

NYSE:DEO

DEO Rankings

DEO Stock Data

66.18B
2.23B
0.06%
10.85%
0.14%
Beverages - Wineries & Distilleries
Consumer Defensive
Link
United States of America
London