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Stock impact report

Diageo Plant Closure And New Whisky Launches Stir Valuation Debate [Yahoo! Finance]

Diageo plc (DEO) 
US:NYSE Investor Relations: diageo.com/en/investors
Company Research Source: Yahoo! Finance
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Diageo (LSE:DGE) has closed its Crown Royal facility in Amherstburg, Ontario earlier than previously indicated, affecting more than 200 workers. The closure came without advance public notice, despite earlier engagement with local unions and government officials. At the same time, Diageo has launched new whisky products under its Johnnie Walker and Bulleit brands. Diageo, the global spirits group behind labels such as Crown Royal, Johnnie Walker and Bulleit, sits at the center of long running trends toward premium whisky, ready to drink formats and brand led portfolios. The abrupt shutdown of its Amherstburg plant, alongside fresh product releases in core whisky franchises, gives you a snapshot of how the company is reshaping its footprint while staying focused on flagship labels. For investors following LSE:DGE, the combination of Canadian job losses and Show less Read more
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