Diageo sells 19 spirit brands to Sazerac for US$550m
date:Nov 13, 2018
Five Star and Jamaican rum Myers's, will reduce Diageo's pre-exceptional earnings per share by 1.9 pence per share in the first full financial year after closing.

Diageo Chief Executive Ivan Menezes says Diageo had a clear strategy to deliver consistent, efficient growth and value creation for our shareholders.

The disposal of these brands enables us to have an even greater focus on the faster-growing premium and above brands in the US spirits portfolio, the company said in a statement.

The N
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