In response to recent speculation, Diageo (LON:DGE), the global leader in beverage alcohol, has made a statement regarding its ownership of the iconic Guinness brand and its stake in Moët Hennessy. The company confirmed that it has no intention to sell either asset,

Media reports suggested Diageo was considering asset sales to boost growth, cashing in on high demand for Guinness. View on euronews

Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH's drinks unit, the world's top spirits makers said on Sunday.

Reports of the sell off came at a testing period for Diageo boss Debra Crew, who has seen the company’s shares decline under her leadership over the past year-and-a-half. In November, Diageo shares hit their lowest level since 2017.

Diageo Plc said it doesn’t plan to sell the Guinness beer brand or its stake in Moet Hennessy, even as pressure grows on the company to find ways to revive growth.

Diageo’s share price retreated in London as the drinks’ giant denied market speculation swirling around Moët Hennessy and Guinness.