Diageo agrees sale of Windsor World to PT W Co., Ltd.
27 October 2023, Seoul, South Korea – Diageo has at present signed and accomplished the sale of Windsor World (“WG”), a subsidiary of Diageo which owns the Windsor enterprise and related mental property, to PT W Co., Ltd., a Korean firm sponsored by Pine Tree Funding & Administration Co., Ltd., South Korea’s main different funding agency.
The transaction consists of the sale of 100% of the shares of WG from Diageo Atlantic B.V. (“DABV”) to PT W Co., Ltd.
John O’Keeffe, President, Asia Pacific, World Journey and India for Diageo stated: “This transaction displays Diageo’s disciplined strategy to capital allocation and additional highlights our continued track-record of energetic portfolio administration. We stay totally dedicated to Korea and our worldwide spirits and beer enterprise. Our place available in the market stays robust as premiumisation traits persist and client curiosity in classes like worldwide whisky continues to develop.”
Diageo is a worldwide chief in beverage alcohol with an impressive assortment of manufacturers throughout spirits and beer classes. These manufacturers embody Johnnie Walker, Crown Royal, J&B and Buchanan’s whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a worldwide firm, and our merchandise are bought in additional than 180 nations world wide. The corporate is listed on each the London Inventory Trade (DGE) and the New York Inventory Trade (DEO). For extra details about Diageo, our folks, our manufacturers, and efficiency, go to us at www.diageo.com. Go to Diageo’s world accountable ingesting useful resource, www.DRINKiQ.com for data, initiatives, and methods to share greatest follow.