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.
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.
More than 90% of independent venues in the U.S. face permanent closure due to COVID-19. In response, Crown Royal is launching a relief campaign in partnership with Main Street Alliance to support these cultural landmarks, which employ approximately 15.6 million people. The initiative includes a new version of the song "If You Want Me to Stay," featuring artists Ari Lennox and Anthony Ramos, where funds will be donated for every stream. This effort aims to help affected venues survive while promoting community support through music.
On September 1, 2020, Ketel One will launch its first ready-to-drink beverage, the Ketel One Botanical Vodka Spritz, featuring no carbs, no added sugar, and only 73 calories per serving. This innovative spritz includes 100% non-GMO grain and is available in three flavors: Peach & Orange Blossom, Cucumber & Mint, and Grapefruit & Rose. The introduction comes as ready-to-drink cocktails see a 100% increase in off-premise sales since 2019, aiming to meet the demand for convenient, lower-calorie options.
On August 24, 2020, Bulleit announced the launch of the Bulleit Frontier Fund with an initial commitment of $250,000 to support the North American hospitality industry affected by COVID-19. The fund will support organizations like The USBG National Charity Foundation and Southern Smoke Foundation. A new national creative campaign featuring bartenders will accompany this initiative. Additionally, Bulleit plans to implement programs like #BulleitBarSkills and the Frontier Bartender Labs to further support bartenders during this challenging time.
Baileys has launched a limited-edition Baileys Apple Pie Irish Cream Liqueur, encouraging early celebration of Friendsgiving. This new offering blends flavors of baked apple pie and vanilla ice cream, available for $24.99 nationwide. Baileys has partnered with Cocktail Courier and celebrity chef Zac Young to create a Friendsgiving Kit, which includes ingredients for a unique cocktail and an apple pie-inspired dessert. The kit aims to enhance the holiday experience, emphasizing togetherness even in virtual gatherings. The liqueur is on sale while supplies last, appealing to consumers looking for indulgent fall treats.
Guinness has announced a seven-year partnership with the University of Notre Dame, becoming the Official Beer for the university's Fighting Irish alumni and fans, numbering over 40 million. This partnership aims to create new traditions and includes former quarterback Joe Montana as the National Ambassador. Special edition Guinness Draught cans will be launched, promoting responsible drinking. The collaboration celebrates shared values and builds community connections, reinforcing the historical bond between the two Irish institutions.
Crown Royal announces the release of a reimagined version of Kane Brown's hit song "Homesick" to support American heroes. The initiative is part of the Crown Royal Purple Bag Project, aiming to pack one million care packages by year-end 2020. For every stream of "Homesick (Veterans Version)" released on August 5, 2020, a care package will be packed, and $1 will be donated to Minority Veterans of America, up to $100,000. This collaboration features veterans' vocals and underscores Crown Royal's commitment to supporting frontline workers and the minority veteran community.
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