Reported about 18 hours ago
Diageo plc has finalized the sale of its 54.4% stake in Seychelles Breweries Limited to Phoenix Beverages Limited for about $80 million. This strategic move, announced on July 1, 2025, allows Diageo to focus more on its portfolio management while still maintaining its key brands, such as Guinness and Smirnoff RTDs, through new licensing agreements in the region.
Source: YAHOO