Diageo has swapped a majority share of Cîroc vodka, one of the brands at the centre of a legal dispute with rap mogul Sean Combs, for a tequila brand backed by basketball star LeBron James.

In other beverage news, Diageo is spicing up its Captain Morgan canned malt cocktails with four ‘sweet heat’ flavors.

Diageo (NYSE:DEO) might have finally found a solution for its struggling Ciroc vodka brand through an equity swap with brand management group Main Street Advisors and LeBron James’-backed Lobos ...

Diageo is exchanging brand rights for vodka brand Ciroc for a majority stake in Tequila brand Lobos 1707. The drinks giant has struck a deal with US investment firm Main Street Advisors for a joint ...

Diageo has traded the rights to its Cîroc vodka brand in North America for a majority share of LeBron James’ Lobos 1707 ...

A drinks manufacturer has been allowed to keep serving alcohol in its Glasgow offices, after appearing before licensing ...

Diageo Plc is offloading its entire stake in Seychelles Breweries Ltd., the third African company it’s divesting from in less ...

Diageo Plc duped the founders of a female-focused tequila brand into a deferred-payment sale structure by lying about plans ...

How are the top selling brands across beer, wine, spirits and RTDs performing in the off-trade? Here, data specialist NIQ ...

Shares in Guinness maker Diageo (DEO) were merrier today after it avoided a massive headache from Liberation Day ...