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.
On November 5, 2020, the Guinness Open Gate Brewery in Baltimore introduced two limited-edition barrel-aged beers: Guinness Imperial Gingerbread Spiced Stout (11% ABV) and Guinness Imperial Stout (10.3% ABV). The Gingerbread Stout features holiday spices, while the Imperial Stout is robust with notes of chocolate and oak. Both beers are available in 4-packs for a suggested retail price of $19.99 and can be found on shelves across the U.S. The launch coincides with International Stout Day, making it a timely offering for the holiday season.
Tequila Don Julio collaborates with six renowned Mexican chefs to celebrate Día de los Muertos by creating exclusive cocktails paired with family-style meals. This limited-time offering will be available at select restaurants from October 31 to November 2, with each featured cocktail generating a $25 donation, up to $25,000, to the Restaurant Workers' Community Foundation. This initiative aims to support the bar and restaurant community impacted during challenging times.
Smirnoff is expanding its Spicy Tamarind flavor to over 15 new markets in the United States, featuring a vibrant Día De Muertos-inspired design. This sweet and spicy vodka, with 35% ABV, combines tamarind with Mexican chilies and lime, retailing at $12.99 for a 750ml bottle. The launch is supported by digital ads and a partnership with chefs for recipe pairings available on Smirnoff.com. This permanent offering in select states and limited-time availability elsewhere aims to cater to the growing consumer interest in unique flavors.
Captain Morgan launched its new product, Sliced Apple Spiced Rum, on October 20, 2020. This flavored rum is designed to be enjoyed straight or as shots. To celebrate its release, Captain Morgan collaborated with 11 artists across 10 cities to create murals reflecting local cultures. The campaign emphasizes community support and engagement through creative partnerships. Additionally, a competition among content creators will showcase promotional content for the new rum, focusing on engagement. The product is available in the U.S. and Canada for a suggested retail price of $15.99.
On October 15, 2020, Guinness announced the Guinness Gives Back limited-edition pack, contributing $1 per pack sold to community charities across the U.S., aimed at supporting Covid-19 relief and combating food insecurity. This initiative includes regional packs for New York, California, Chicago, and Boston, along with a national version benefitting Direct Relief. Guinness recently committed $2 million to related relief efforts, reinforcing its dedication to American communities during challenging times.
Baileys reintroduces Baileys Red Velvet in honor of National Dessert Day, collaborating with Georgetown Cupcake founders. Last year's launch won Double Gold at the San Francisco Spirits Competition. This limited-edition flavor is available for a suggested retail price of $24.99 for a 750ml bottle. The flavor captures the essence of red velvet cupcakes with cream cheese frosting. To celebrate, Georgetown Cupcake offers Baileys Red Velvet Dozen cupcakes. Baileys aims to bring joy and indulgence during the holidays through this flavorful treat.
Diageo announces the launch of the Cascade Moon Whisky series, celebrating 150 years of heritage with innovative offerings. The first release, Cascade Moon Edition No. 1, features an 11-year-old whisky with unique flavor notes reminiscent of a gose-style beer. Priced at $89.99, it will be available in Tennessee, California, and Texas starting this fall. This new line aims to showcase the distillery's depth beyond the traditional Tennessee whisky category and offers consumers an intriguing tasting experience that respects both tradition and modernity.
Ketel One Family Made Vodka has announced its role as the Official Spirits Partner for the 72nd Emmy Awards Season. Continuing its campaign, 'Drink Marvelously,' the brand introduces an Emmy-themed cocktail kit featuring the 'Seven Minute Martini.' Partnering with Billy Porter, Ketel One aims to celebrate diverse voices in Hollywood while supporting organizations like GLAAD and the NAACP Legal Defense Fund. The limited-edition cocktail kit can be purchased online and includes ingredients for signature cocktails, promoting a marvelous experience for viewers at home.
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