{"id":11947,"date":"2026-01-13T14:29:42","date_gmt":"2026-01-13T14:29:42","guid":{"rendered":"https:\/\/microvibenews.com\/?p=11947"},"modified":"2026-01-13T14:29:42","modified_gmt":"2026-01-13T14:29:42","slug":"spirits-group-diageo-seeking-to-sell-china-assets-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=11947","title":{"rendered":"Spirits group Diageo &#8216;seeking to sell&#8217; China assets \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo.jpg\" alt=\"whisky bottles Diageo\" class=\"wp-image-58898 lazyload\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"2055\" height=\"1239\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo.jpg\" alt=\"whisky bottles Diageo\" class=\"wp-image-58898 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo.jpg 2055w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo-600x362.jpg 600w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo-300x181.jpg 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo-768x463.jpg 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2018\/05\/whisky-bottles-Diageo-1024x617.jpg 1024w\" sizes=\"(max-width: 2055px) 100vw, 2055px\"\/><figcaption class=\"wp-element-caption\"><em>Diageo is slimming down its portfolio of brands<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size\">Diageo\u2019s new boss Dave Lewis is said to be considering the sale of its Chinese assets as it seeks to trim its portfolio amid falling sales in the world\u2019s second-largest economy.<\/p>\n<p class=\"has-medium-font-size\">Goldman Sachs and UBS is advising the maker of Johnnie Walker, Guinness, Smirnoff vodka and Captain Morgan rum, according to Bloomberg News.<\/p>\n<p class=\"has-medium-font-size\">Diageo\u2019s assets in China include a stake of more than 63% in Shanghai-listed Sichuan Swellfun, which distributes the distilled spirit Baiju.<\/p>\n<p class=\"has-medium-font-size\">Lewis, a former Tesco chief executive, has hit the ground running after taking the helm at Diageo on 1 January.<\/p>\n<p class=\"has-medium-font-size\">He was appointed following an alarming slide in sales and the share price which led to the departure of Debra Crew. Her\u00a0tenure was marked by a\u00a0shock profits warning\u00a0caused by supply issues in Latin America.<\/p>\n<p class=\"has-medium-font-size\">Before Lewis took over, Diageo announced the sale of its 65% stake in East African Breweries for $2.3bn (\u00a31.7bn) to Japan\u2019s Asahi Group, offloading its last direct African beer operation.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.3) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Spirits #group #Diageo #seeking #sell #China #assets #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Diageo is slimming down its po&hellip; <\/p>\n","protected":false},"author":1,"featured_media":11948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[1520,266,173,265,4400,8612,1594,1559,183,4363],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/11947"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11947"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/11947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/11948"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}