Diageo has been linked to a divestment of its Cîroc vodka brand after two years of consecutive double-digit declines, although the group has declined to comment further.Citing people familiar with the matter, a report by Bloomberg yesterday said the UK-headquartered multinational has "reached out to potential suitors including beverage companies and buyout firms to gauge their interest" for Cîroc. While a spokesperson noted when contacted subsequently by Global Drinks Intel that Diageo does not comment on speculation, the group has not been averse to brand divestments of late; Venezuela
Diageo silent on Cîroc vodka sale claim – data
In the 12 months to the end of June, the vodka brand’s sales fell by over 20% for the second consecutive year.

Olly has been reporting on the beverage industry as a B2B journalist since 2003. He spent 18 years at Just Drinks, 16 of which as managing editor. Since joining Global Drinks Intel in 2022, he's interviewed the CEOs for brand owners including AB InBev, Campari Group, Carlsberg, Heineken and Suntory Global Spirits and has a bulging contacts book from across beverage alcohol worldwide.



