Welcome to our dedicated page for Diageo news (Ticker: DEO), a resource for investors and traders seeking the latest updates and insights on Diageo stock.
Diageo plc (DEO) is a global producer of premium spirits and a key player in the beverage alcohol industry, renowned for brands like Johnnie Walker and Guinness. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and strategic initiatives shaping the company's trajectory.
Access official press releases, earnings reports, and market analysis in one centralized location. Our curated feed covers material events including acquisition announcements, leadership changes, product innovations, and sustainability initiatives across Diageo's global markets.
Key updates feature Diageo's operational milestones in spirits production, distribution network expansions, and responses to evolving consumer trends in the alcohol sector. The content selection prioritizes information relevant to understanding the company's market position and long-term value creation.
Bookmark this page for streamlined tracking of Diageo's NYSE-listed performance indicators and industry developments. Check regularly for verified updates that matter to stakeholders in the premium beverages market.
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.
On May 10, 2021, Cascade Hollow Distilling Co. announced the release of George Dickel Bottled in Bond Distilling Season Spring 2007, a 13-year-old whisky priced at $44.99. This marks the first spring offering in the Bottled in Bond series, following two award-winning fall releases. The spirit is noted for its bold flavor profile, featuring cherry notes, and is crafted with a mash bill of 84% corn, 8% rye, and 8% malted barley. The whisky will be available in select markets this summer, emphasizing quality and value as per General Manager Nicole Austin.
Oban Distillery, one of Scotland's oldest distilleries, celebrates its heritage with the launch of the Postcards from Oban campaign. This initiative aims to connect global whisky enthusiasts with the distillery and the local community through a docuseries narrated by Jack Falahee. The inaugural episode introduces the distillery's unique charm and its seven dedicated workers. As part of the campaign, two winners will receive a fully-expensed trip to 'The Oban Abode' for an immersive whisky experience, emphasizing the distillery's commitment to tradition and craftsmanship.
On April 7, 2021, Diageo sponsored the USBG Presents World Class competition, marking the first entirely digital edition. Adam Fournier was crowned the 2021 U.S. Bartender of the Year after excelling in four challenging events. This year’s competition featured virtual formats that tested bartending skills through innovative challenges. Fournier, who represents the U.S. at global finals in Madrid, expressed gratitude towards the bartending community for their support. The USBG aims to elevate the craft of bartending, adapting to the industry's current needs.
Smirnoff Red, White & Berry is launching the "Smirnoff Summer of 2,021 Dreams" promotion, partnering with Anthony Anderson to give away 2,021 summer experiences. The campaign includes epic trips and prizes available from now until August 15, 2021. Alongside this, Smirnoff introduces the new Smirnoff Ice SMASH Red, White & Berry, featuring a 8% ABV malt beverage ideal for summer gatherings. The promotion aims to rejuvenate summer fun after a challenging 2020, promising a variety of exciting prizes and experiences to consumers across the U.S.
On March 24, 2021, Ketel One Family Made Vodka launched the Makers of Marvelous program in partnership with Andrew Rannells, aimed at supporting the hospitality community affected by COVID-19. The initiative includes a donation of $50,000 to Another Round Another Rally. Consumers are encouraged to post cocktail creations on Instagram with #MakeItMarvelous. Additionally, Ketel One is part of Diageo's broader hospitality support efforts, which includes a $100 million recovery fund launched in June 2020.
Austin FC, Major League Soccer's 27th club, has signed a multi-year sponsorship deal with Diageo North America, reinforcing its commitment to soccer in the U.S. and the Austin community. The agreement establishes Captain Morgan as an Official Partner and names the East Club hospitality area at Q2 Stadium as The Captain Morgan Club. This facility will offer a unique indoor-outdoor experience for fans during matches. Diageo, the exclusive spirits partner of Q2 Stadium, plans to conduct various community activities throughout Central Texas, aiming to enhance the gameday experience for all supporters.
Diageo North America is investing approximately $80 million to expand its manufacturing capabilities in the Ready-to-Drink (RTD) sector by installing two can lines in Plainfield, Illinois. The new facility, occupying 225,000 square feet, will produce over 25 million cases of RTDs annually, including popular brands like Smirnoff and Crown Royal. The project is expected to create 50 full-time jobs and enhance operational synergies with existing sites. Diageo's expansion aims to meet the growing consumer demand for convenient RTD formats.
On March 16, 2021, CÎROC and Sean 'Diddy' Combs launched CÎROC Summer Citrus, a limited-edition vodka infused with natural orange and citrus flavors. This gluten-free spirit aims to enhance summer celebrations with a vibrant cocktail experience. Retailing at $33.99, it is available nationwide while supplies last. The launch is part of CÎROC's initiative to inspire community celebrations. Sean Combs promotes it as the 'perfect complement' for summer gatherings, alongside easy cocktail recipes to enjoy with friends and family.
The USBG World Class, sponsored by Diageo, is launching its first fully digital bartending competition from March 29 to April 6, 2021. This year, 50 top U.S. bartenders will compete through four unique challenges to win the chance to represent the U.S. at the Global Finals in Madrid, Spain. The event will feature educational panels, a mentorship program, and interactive cocktail-making experiences, showcasing Diageo's commitment to supporting the hospitality industry during COVID-19. Diageo has donated $2 million to USBG Foundation's COVID-19 relief efforts, assisting over 32,000 bartenders.
