alcohol

Diageo To Sell 19 Brands To Sazerac For USD 550 Million

Diageo To Sell 19 Brands To Sazerac For USD 550 Million

Diageo PLC (NYSE: DEO), struck a deal with U.S- based Sazerac, to sell 19-lower end spirits brands for USD 550 Million. This allows the British-based beverage Company to focus on its high-end labels like Johnnie Walker in the U.S. These lower-e..

The Coca-Cola Co Launching the First Alcoholic Drink

The Coca-Cola Co Launching the First Alcoholic Drink

The Coca-Cola Co (NYSE: KO) announced that it is launching the first alcoholic drink in its history with a canned liquor product in Japan. The country is one of the company's most competitive and fast changing markets. It says it launches about ..

George Clooney, Partners Sell Casamigos for $1 Bln

George Clooney, Partners Sell Casamigos for $1 Bln

The U.S. tequila brand, Casamigos, which was co-founded by George Clooney, will be sold to Diageo Plc (NYSE: DEO) for $1 billion dollars.Clooney and his partners, Rande Gerber and Michael Meldman, founded the company on a whim. In a Business Insider..

Molson Coors Continues to Slip

Molson Coors Continues to Slip

Early on trading day Molson Coors Brewing company (NYSE: TAP) slipped over 10% and seemed to bounce around today. It may be continued effects of the weak EBITDA guidance of June 7th in addition to the edited transcription of their earnings presentat..