DEO - Shaking Things Up: Diageo Unit Guinness Nigeria Puts A Pause On Johnnie Walker Imports Amid Currency Woes | Benzinga
In an effort to counteract the repercussions of a fluctuating currency, Guinness Nigeria Plc, part of drinks company Diageo Plc (NYSE: DEO), announced plans to curtail imports of certain spirits, including the renowned Johnnie Walker whiskey, starting April 2024.
This decision falls in line with Diageo's broader strategy to establish a fresh venture responsible for supervising the import and distribution of spirits across West and Central Africa.
In FY23, the revenue related to Guinness Nigeria's ...