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.
Angel City Football Club (ACFC) has partnered with Jane Walker, representing Johnnie Walker's dedication to gender equality, making it the first exclusive spirits partnership in sports for Jane Walker. This initiative celebrates women who have achieved significant milestones and aims to produce content highlighting ACFC's historic accomplishments. As part of the partnership, a portion of sponsorship value will support women entrepreneurs, with the first grant awarded to MODEFYwear. ACFC will debut in the National Women's Soccer League in Spring 2022.
Bulleit Frontier Whiskey has launched the Local Bar Sundays initiative at the Tribeca Festival, encouraging New Yorkers to support local bars and restaurants. From June 9 to June 20, consumers can get reimbursed $10 for a qualifying cocktail purchase over $10. The program includes a $50,000 budget to boost local hospitality. Bulleit emphasizes community revival and has committed an additional $250,000 to support the hospitality industry, which has faced significant challenges recently.
Crown Royal has launched a LIVE Generosity Hour program, beginning June 9, 2021, in Washington Heights, coinciding with the Tribeca Festival. This initiative celebrates hospitality workers and aims to raise funds for local businesses impacted by COVID-19. The campaign, in partnership with actor Anthony Ramos, will include donations based on attendance at events and social media engagement. Up to $100,000 will be donated to the Washington Heights Business Improvement District. The program emphasizes community support and the commitment to giving back.
CÎROC Ultra-Premium Vodka launches "CÎROC Sounds of Summer," featuring the Limited-Edition CÎROC Summer Citrus. This mobile pop-up experience, led by Sean "Diddy" Combs and Swae Lee, aims to celebrate the summer with music and cocktails. Kicking off on June 5 in Miami, the event includes a yacht performance by Swae Lee, offering swag, treats, and live music. The vibrant truck will visit popular Miami spots, providing fans with summer essentials. The CÎROC Summer Citrus cocktail kit is also available for a limited time at $33.99.
Orphan Barrel Whiskey Distilling Co. announced the launch of its new release, Orphan Barrel Copper Tongue, a 16-year-old cask strength bourbon from Cascade Hollow Distillery in Tullahoma, Tennessee. This limited edition whiskey features a unique profile with flavors of candied orange and cedar, and will retail for $100 starting in June 2021. General Manager and Distiller Nicole Austin emphasizes the blend of American and Scotch whiskey traditions in this offering, appealing to collectors and aficionados alike.
Diageo has opened the Collaboration Center in Stamford, Connecticut, a 17,000 square-foot facility aimed at enhancing collaboration with customers and partners. This state-of-the-art center focuses on leveraging data and predictive analytics to help the beverage alcohol industry adapt to evolving trends. Featuring immersive technologies and interactive experiences, the Center will provide insights into consumer behavior and purchasing trends. It is part of Diageo's broader strategy to innovate and foster partnerships, enhancing market momentum in the beverage sector.
Diageo has launched an anti-drink driving learning experience called 'WRONG SIDE OF THE ROAD' ahead of UN Global Road Safety Week. This initiative aims to change the attitudes of five million people towards drink driving by 2030. In light of a decade-high in UK drink-driving casualties, the interactive experience allows participants to converse with real drink drivers, learning about the consequences of their actions. Developed in collaboration with UNITAR, it will expand to North America, Kenya, South Africa, and India within a year, supporting Diageo's commitment to road safety and moderation.
Johnnie Walker has launched Johnnie Blonde Blended Scotch Whisky in Houston, Texas, introducing a sweeter, smoother whisky perfect for summer enjoyment. The brand celebrates this launch with the Big Walls Big Dreams Festival, featuring large-scale murals and local artist David Maldonado. Additionally, Johnnie Blonde has partnered with the East End Improvement Corporation to enhance community quality of life through cultural programming. Available at a retail price of $24.99, Johnnie Blonde is now accessible wherever fine spirits are sold in Houston.
Tanqueray has launched its Sevilla Orange gin nationwide, with support from pop culture figure Joe Jonas as part of a summer campaign. The vibrant, orange-flavored gin, inspired by Seville oranges and Mediterranean warmth, aims to enhance summer experiences like pool parties and picnics. With an ABV of 41.3% and a retail price of $23.99 per 750ml bottle, the product is now widely available in stores and online. Jonas expressed excitement for partnering with Tanqueray, emphasizing that the drink embodies the essence of summer.
Nick Offerman and Lagavulin unveil the Lagavulin Offerman Edition: Guinness Cask Finish, a limited-edition whisky for Father's Day. This 11-Year-Old Scotch is aged for four months in former Guinness Beer casks, celebrating the father-son bond between Nick and his dad, Ric. The whisky, priced at $79.99, combines sweet peat flavors with notes of coffee and chocolate. Following the successful Lagavulin Offerman Edition Aged 11 Years from October 2019, this release emphasizes shared traditions and the love of whisky. Available at fine spirits retailers and online.
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