Diageo plc (LSE:DGE) is seeking to divest its beer portfolio on margin concerns, except brand Guinness, Axios reported on December 5, 2023, citing sources familiar with the world's largest spirits maker. The company is looking to sell beer brands including Smithwick's, Kilkenny and Harp Lager, based in Ireland, and Tusker in Kenya, among others, Axios reported, adding that its beer brands were a margin drag on the rest of the business. Diageo declined to comment on the report.
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