Diageo's exit from its beer joint-venture in South Africa and Namibia comes at the same time as observers are considering what else the company defines as non-core to its business. The move suggests to many – and, initially, to me also – that beer is next on the group's non-core list. Despite the firm's protestations to the contrary, be assured the theory will be explored thoroughly at the full-year results announcement later this week.
Editor’s Viewpoint – Has Diageo added Beer to its ‘Non-Core’ List?
Diageo's exit from its beer joint-venture in South Africa and Namibia comes at the same time as observers are considering what else the company defines as non-core to its business. The move suggests to many – and, initially, to me also – that beer is next on the group's non-core list.
July 28, 2015
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