Breaking News on Beverage Technology & Markets

News > Manufacturers

News in brief

Struggling Chinese baijiu sales weigh on Diageo?

By Ben Bouckley+

Last updated on 28-Jul-2014 at 15:50 GMT

Struggling Chinese baijiu sales weigh on Diageo?

Diageo reportedly plans to write down the value of its stake in China baijiu brand Shui Jing Fang, as the government's anti-extravagance drive hits sales.

That's according to the Financial Times, which claims Diageo will announce the move this Thursday when it reports its full-year results.

Subscribe to our FREE newsletter

Get FREE access to authoritative breaking news, videos, podcasts, webinars and white papers. SUBSCRIBE

Key Industry Events


Access all events listing

Our events, Events from partners...