Diageo Considering Spinoff Of Guinness Beer(Diageo Denies Reports)

UPDATE(1/27/25): Apparently the “people familiar” with the situation were less familiar than they thought. Diageo denied any plan to sell Guinness. The UK distiller said it was responding to reports over Guinness and its 34% stake in Moet Hennessy, luxury-goods conglomerate LVMH’s drinks division. “We can confirm that we have no intention to sell either,” it said in a…