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.
• Bloomberg had reported that the company was reviewing its portfolio.
• Diageo said in a statement on Sunday that it had "no intention to sell either."

Drinks giant Diageo has denied reports that it is considering selling Guinness or its stake in Moët Hennessy.

In a statement on Sunday, the company responded to "recent media speculation" and said that it had "no intention to sell either."

Bloomberg reported on Friday that Diageo was reviewing its portfolio and weighing up spinning off or selling Guinness. The report said Diageo's stake in Moët Hennessy was also being reviewed.

"We will next update the market with Interim results on 4 February 2025 and we look forward to hosting our Guinness investor and analyst day on 19/20 May 2025," Diageo said in its statement.

This is a developing story. Check back for updates.