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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Guinness and Johnnie Walker owner Diageo ‘could sell Chinese assets’

Johnnie Walker bottles in a supermarket
Diageo owns spirits brands including Johnnie Walker, Smirnoff and Captain Morgan. Photograph: Dado Ruvić/Reuters

Diageo’s new boss, Dave Lewis, has barely started in the role, and the maker of Guinness and Johnnie Walker is already reportedly considering selling off its Chinese assets to trim down its portfolio.

The world’s largest spirits maker, whose other brands include Smirnoff vodka, Captain Morgan rum and Don Julio tequila, is working with Goldman Sachs and UBS to review its operations in China, where sales have been falling, according to Bloomberg News.

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