Struggling Chinese baijiu sales weigh on Diageo?

By Ben BOUCKLEY contact

- Last updated on 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.

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