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Published

Diageo says it has no intention to sell Guinness

  • Diageo stated it has no intention to sell the Guinness brand or its stake in Moët Hennessy amid pressure to revive growth.
  • The company is reviewing its portfolio as shares have slumped since Chief Executive Debra Crew took over.
  • Investors expect changes as Chief Financial Officer Nik Jhangiani examines the company's brands, including potential sales of underperforming labels.
  • Diageo plans to update the market with interim results on February 4th, as it denies rumors of selling Guinness.
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