Diageo does not intend to sell Guinness or its stake in Moet Hennessy
Bloomberg News previously reported that the UK drinks company was reviewing its portfolio, with a spin-off or sale of Guinness under consideration
Diageo
Diageo weighs Guinness sale amid drinks brands review
Drinks giant is grappling with sliding demand for its wider products and falling share price
Price of a pint of Guinness set to rise again
Customers could expected to pay a multiple of the 6 cent increase when Vat, duty and profit margins are calculated
UK Guinness shortage: Reserves earmarked for Irish customers raided to ease pressure
Brewery has also put shipments bound for North America on standby for potential diversion to the UK in case security stocks fail to fill gap
Rapidly-growing non-alcoholic beer market ‘underdeveloped’
Sales of 0.0 products rising fast but Irish consumers are a long way short of some European counterparts
The great Guinness shortage has lessons for Diageo
Consumer companies should beware neglecting historic brands in favour of celebrity start-ups
No disruption to Irish Guinness supplies for Christmas, Diageo says
‘Exceptional consumer demand’ for the stout in recent months has led to distribution issues in England, Wales and Scotland
Good things come to those who wait - Diageo limits UK Guinness supply
Move follows increased popularity of its stout but supply issues will not affect Irish market
Apple tax bonanza to fuel Fine Gael housing plans
Seen & Heard: O’Flynn hits out at housing targets; TVC shareholders’ final payout; MacArdle Brewery concerns
Guinness 0.0 sales surge as Diageo boosts production to keep pace
With sales surging almost 50%, brewery hopes to supply pints of the alcohol free plain to 2,000 pubs across Ireland this Christmas
Bushmills sales rise as it continues new spirits production
Proximo Spirits-owned Old Bushmills Distillery Company recorded pre-tax profit of €13.4 million in 2023, marginally up on previous year
Dublin’s Liberties has everything. Except vision, planning, care and attention
It’s difficult to imagine any other European city allowing the development that has blighted the Liberties
Electric Picnic vs craft beer: how Irish microbreweries are fighting back against the industry’s biggest players
The exclusion of craft beer breweries from Ireland’s largest music festival is a microcosm of the David-and-Goliath nature of the business
Dublin city centre traffic plan to get first rush-hour test today
Restrictions on city quays in place from Sunday but face first real test on Monday morning
Dublin pub lobby risks losing the dressing room over price hikes
Minimum wage workers in firing line with Government poised to delay Living Wage introduction
Markets sluggish as investors continue to pile into gold
Iseq index adds 0.3% as financials move higher
Guinness flows but Diageo’s profits dry up
Chief executive bullish that challenges are temporary but a more profound consumer shift may be under way
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The best news, analysis and comment from The Irish Times business desk
Fall in sales could spell trouble for Diageo’s ‘premium’ strategy
Guinness and Johnnie Walker maker reported its first global sales slump since the pandemic this week
Diageo slumps to first annual sales decline since 2020
Sales in Ireland increased 7% last year, primarily driven by Guinness
Neglected Dublin theatre could be in line for a revival
The Rupert Guinness Theatre requires ‘substantial investment’; Def Leppard frontman at the top of the tree; and Garret FitzGerald’s love note from Sophia Loren
‘Philadelphia has always played second fiddle to New York and we kind of like it that way’
Wild Geese: Declan Duggan builds up beverage brands in the US
Diageo to spend €100 million to decarbonise St James’s Gate brewery by 2030
Taoiseach Simon Harris acknowledges company’s role in leading industry through green transition
Way clear for Diageo to build new €200m Newbridge brewery
Sole objector to plans by drinks giant and Guiness brewer withdraws High Court challenge
Price of a pint of Guinness to rise by almost 10 cent in Diageo move criticised by publicans
Publicans describe move as ‘hammer blow’ to sector
Dublin City traffic plan not so good for Guinness
Proposed bus gates along city quays would increase truck journey times, raise CO2 emissions, and cost Diageo up to €2.2m annually
Global stocks slide as investors fear big tech stocks may miss targets
Ryanair was down 0.5% as the airline gave up some of the 4% gain it made on Monday despite reporting lower profits
Guinness sales boosted by strong take-up in the stout among women
Sharp decline in Latin America weighs on its overall performance
China starts investigation into EU liquor after bloc’s EV inquiry
Move comes months after the EU started an investigation into Chinese subsidies for electric vehicles
Diageo wins planning permission for new €200m brewery in Co Kildare
Company says construction of brewery in Littleconnell will begin in early 2024, following withdrawal of appeal that stalled the project
Is Diageo about to call time on its Irish ales and lagers?
News publisher Axios says Diageo is planning to sell its beer portfolio, with the exception of its Guinness stout
Diageo seeks to sell Smithwick’s, Harp and Kilkenny on margin concerns – report
Axios reported that the spirits giant is seeking to divest its non-Guinness beer portfolio
European shares rise to two-month high
Wall Street also advances as investors bet Federal Reserve has reached end of interest rate hikes cycle
Diageo Ireland boss Barry O’Sullivan: ‘Behaviour towards alcohol is shifting’
Guinness 0.0 could eventually constitute 15% of Guinness sales, drinks group chief says
Heineken axes Island’s Edge stout, Aldi’s profits dip, and thousands ‘illegally’ paid less than minimum wage
The best news, analysis and comment from The Irish Times business desk
Heineken Ireland axes Island’s Edge stout
Stout backed with multimillion euro marketing campaign failed to lure drinkers
Diageo warns that delays could jeopardise Kildare brewery
Appeal against €200 million carbon-neutral project has stalled progress
Dunnes Stores to open in Point Village, Irish-Saudi business links, and fantasy rail strategy
Business Today: the best news, analysis and comment from The Irish Times business desk
The Irish Times Business Person of the Month: Barry O’Sullivan, managing director of Diageo Ireland
The drinks giant invested €25m in new tanks for its St James’s Gate brewery in a move to increase capacity to meet rapidly growing demand for its non-alcoholic offering, Guinness 0.0.
Diageo vs Diddy spat exposes risks of celebrity deals
Accusations fly ahead of hearing to establish whether case between drinks giant and rapper should proceed to trial
Climate crisis, what climate crisis? Rishi Sunak rebrands new fossil fuel licences as ‘energy security’ plan
Planet Business: Tequila sales go gangbusters for Diageo, Steve Jobs’s son sets up cancer research venture capital fund and Democrat troops spread the message on ‘Bidenomics’
Diageo full-year sales beat estimates as whiskey, tequila and Guinness remain popular
Drinks giant saw organic net sales rise 6.5 per cent in the year to June 30th despite the impact of rising energy prices
Price of a pint of Guinness to rise by 4 cent next month
Diageo cites rising business costs as reason for the increase, the second hike announced by the company this year
Digital Learning Institute raises €1.8m in funding as it plans international expansion
Company also appoints new chief executive to lead future growth
Dee Forbes’ position on advisory board of Smurfit Business School in UCD could prove to be awkward
Any Other Business: McKillen becomes Vietnam’s honorary consul, RTE Player on Sky, the NTMA and bonuses, and Euronext’s plea on share trading tax
Staff unrest at Intercom, Davy downgrades Irish GDP forecast, and Diageo’s €25m brewery investment
Business Today: the best news, analysis and comment from The Irish Times business desk
Diageo invests €25m into Guinness brewery to ramp up production of non-alcoholic stout
New tanks, with capacity of almost 90 million pints, will ramp up production of Guinness 0.0 by 300%
Diageo says two appeals against its planned Newbridge brewery should be dismissed
Bord Pleanála told the €200m project is subject to ‘significant programme pressures’
Ballymore gets green light to develop part of Guinness brewery in Dublin for housing, hotels and offices
The scheme is set to include 336 build-to-rent units, two hotels, offices, a food hall, a performing space and landscaped public area
Bondi Beach’s latest attraction: a 4m-high recycled plastic turd
Planet Business: Coldplay’s carbon-friendly tour, Diageo’s Debra Crew and Apple gets its ducking act together on autocorrect
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