Bloomberg News reported on Friday that the drinks giant is also reviewing the future of its 34 stake in Moet Hennessy.

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Diageo’s 34% stake in LVMH’s drinks division, Moet Hennessy, is also under review, the people said, asking not to be identified discussing private deliberations.

Diageo plc DEO continues to make strategic moves to enrich customer experiences and drive growth. In line with this strategy, the company has signed and completed the sale of its Cacique rum brand ...