Diageo

Diageo Sells East African Breweries Stake to Asahi in $2.3 Billion Deal

ByAmna Habib

Today, Diageo, the British multinational company known for iconic spirits and beer brands such as Johnnie Walker, Guinness, Smirnoff, and Captain Morgan, announced a significant deal in the global stock market. The company has agreed to sell its 65 percent stake in East African Breweries Limited (EABL) to Japan’s Asahi Group Holdings in a deal…

Diageo

Diageo Appoints Former Tesco Boss Dave Lewis as New CEO

ByAyesha Sadeeqa

We begin a new chapter at Diageo, the global drinks giant behind icons like Guinness and Johnnie Walker. On 1 January 2026, the company will welcome Sir Dave Lewis as its new Chief Executive.  It’s a bold move. Diageo has faced headwinds in recent years: sales have softened, the competitive landscape is shifting, and investors are watching closely. We…