LVMH

Diageo Says It Has No Intention To Sell Guinness, Despite Reports

Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessey, the spirits maker said on Sunday.

Diageo is exploring a potential spin-off or sale of Guinness, Bloomberg reported on Friday, citing people familiar with the matter.

Remy Cointreau braced investors on Thursday for a bigger than expected fall in annual sales, citing weakness in its key US market.

French cognac maker Hennessy has suspended a plan to bottle its brandy in China to avoid tariffs, staff briefed by management have said.

L’Oréal has reported a rise in third quarter sales that missed expectations due to low consumer confidence in China.

L’Oréal has reported a 5.3% rise in second-quarter sales, below expectations and rattling investors already worried about the Chinese market.

Danone is expecting sales boosts from its position as a sponsor of the 2024 Paris Olympic Games through branding and special kiosks.

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