Women and younger drinkers fuel Guinness revival

A rare bright spot at Diageo’s January results presentation was the rising popularity of Guinness, the famous Irish stout that became the UK’s favourite beer last year. CEO Debra Crew said the “Guinnfluencers” on social media were key to the brand’s success. She told reporters that consumption among women had increased by 24 percent, with … Read more

Diageo sells majority stake in Guinness Nigeria to Singapore’s Tolaram

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Diageo is selling its majority stake in subsidiary Guinness Nigeria, becoming the latest Western company to scale back its presence in Africa’s most populous country due to a prolonged currency crisis and economic downturn. The … Read more