Diageo has sold its majority stake in Seychelles Breweries to Mauritius-based Phoenix Beverages for around $80m. The Guinness owner held a 54.4% stake in the publicly-listed Seychelles Breweries ...

Diageo is pulling out of its Distill Ventures accelerator programme as part of a wider plan to reshape the drinks group and deliver long-term growth. Distill Ventures was founded in 2013 as the ...