Published by Global Banking & Finance Review®
Posted on January 24, 2025
1 min readLast updated: January 27, 2026
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Diageo may sell or spin-off Guinness and is reviewing its Moet Hennessy stake. LVMH could buy the stake at a discount. Guinness is valued over $10 billion.
(Reuters) -Diageo, the world's top spirits maker, is exploring a potential spin-off or sale of beer brand Guinness and is reviewing its stake in LVMH's drinks unit, Moet Hennessy, Bloomberg News reported on Friday, citing people familiar with the matter.
The London-listed company could look to deepen its ownership in the Moet Hennessy venture, or exit altogether, the report said, adding that if Diageo wanted to sell the stake, LVMH has an obligation to buy it, although at a 20% discount to its fair value, as per their agreement.
Guinness would likely be valued at above $10 billion, Bloomberg reported, citing the sources.
Diageo did not immediately respond to a request for comment; LVMH declined to comment.
(Reporting by Aby Jose Koilparambil and Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva)
The main topic is Diageo exploring the sale or spin-off of its Guinness brand and reviewing its stake in Moet Hennessy.
Guinness is likely valued at over $10 billion according to Bloomberg sources.
Diageo holds a stake in LVMH's drinks unit, Moet Hennessy, which it is currently reviewing.
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