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Pimm, Diageo
Diageo ‘abandons Pimm’s sale after failing to reach deal’
Diageo has allegedly called off the sale of its Pimm’s gin-based liqueur after failing to secure an agreement with potential buyers. Sky News today (3 October) reported the Tanqueray distiller has abandoned auctioning off the British brand, a process which was said to have started earlier this year.
It’s ‘no-one for Pimm’s’ as owner Diageo scraps sale
Diageo, the FTSE 100 alcoholic beverages giant, has scrapped the sale of its Pimm’s brand after failing to reach a deal with potential buyers.
Pimm’s sale abandoned by owner Diageo
In addition to Pimm’s, Diageo now owns leading alcoholic drinks brands such as Guinness, Johnnie Walker, Baileys, Smirnoff and Captain Morgan. During its 2024 fiscal year, the group saw organic net sales fall by $129m year-on-year, resulting in a $304m fall in organic operating profit.
Diageo scraps sale of Pimm's - report
Drinks giant Diageo has scrapped a potential sale of Pimm’s, it was reported on Thursday, after it failed to strike a deal.
11h
Diageo: Glass Half Empty
I analyze Diageo's challenges and growth opportunities, recommending a HOLD rating as the new CEO faces a challenging ...
12h
on MSN
Diageo falls Friday, underperforms market
Diageo PLC DGE shares inched down 0.65% to £26.00 Friday, on what proved to be an all-around grim trading session for the stock market, with the FTSE 100 Index UKX falling 0.02% to 8,280.63. Supported ...
Rum Raiders on MSN
4d
Diageo ‘Reimagines the Essence’ of Scotch Whisky Icons Through Unorthodox 2024 Spirited Xchange Collection
On Monday, Diageo unveiled its 2024 September Releases Single Malt Scotch Whisky Collection, or "Spirited Xchange 2.0" ...
1d
Bernstein Reaffirms Their Buy Rating on Diageo (DGEAF)
Bernstein analyst Trevor Stirling maintained a Buy rating on Diageo (DGEAF – Research Report) today and set a price target of £30.00. The ...
Prestige Online
2d
Diageo World Class Shanghai 2024 Celebrates The Best of Cocktail Culture
The recent conclusion of the 2024 edition of Diageo World Class, the most prestigious bartending competition in the world, ...
10d
What's Behind The 20% Fall In Diageo Stock?
The fall in DEO stock can primarily be attributed to a 20% decline in the company’s P/S ratio to 3.7x revenues now, versus ...
3d
Diageo bets on new drinking Rituals
Amid the challenges facing Diageo's core business, the company continues to invest in one of the areas set to shape the ...
FoodNavigator
2d
How Diageo is cutting Scope 3 emissions through packaging
According to Lütkenhaus, packaging makes up around a third of the business’s Scope 3 emissions. Thus, reducing the emissions ...
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