Diageo does not intend to sell its beer brand Guinness or its stake in Moet Hennessy, LVMH's drinks unit, the world's top spirits makers said on Sunday.

Reports of the sell off came at a testing period for Diageo boss Debra Crew, who has seen the company’s shares decline under her leadership over the past year-and-a-half. In November, Diageo shares hit their lowest level since 2017.

Diageo Plc said it doesn’t plan to sell the Guinness beer brand or its stake in Moet Hennessy, even as pressure grows on the company to find ways to revive growth.

Diageo shares soared to the top of the FTSE 100 on Friday after Bloomberg reported it was looking to sell or list its famous Guinness brand.

Diageo has ruled out a sale of its Guinness brand following speculation it could offload its famous stout in a bid to revive growth.

Drinks maker Diageo said on Sunday that it has no intention to sell its Guinness brand or its stake in Moët Hennessy.

Media reports suggested Diageo was considering asset sales to boost growth, cashing in on high demand for Guinness. View on euronews

PLC, the British multinational beverage alcohol company, confirmed that it has no plans to sell its iconic Guinness brand or its share in Moet Hennessy.