Diageo denies reports that it is considering selling Guinness or its stake in Moët Hennessy
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Diageo has denied reports that it is considering selling Guinness or its stake in Moët Hennessy, countering a Bloomberg report about a portfolio review.
January 26, 2025 | 11:45 am
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Diageo has refuted claims that it is considering selling Guinness or its stake in Moët Hennessy, as reported by Bloomberg.
The denial by Diageo suggests stability in its current asset holdings, which may reassure investors. However, since the company is not making any changes, the immediate impact on stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80