Diageo Plant Closure Hits Workers As Shares Trade Below Valuation Estimates [Yahoo! Finance]
Diageo plc (DEO)
US:NYSE Investor Relations:
diageo.com/en/investors
Company Research
Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Diageo abruptly closed its Crown Royal whisky plant in Amherstburg, Ontario, earlier than planned, finalizing a shift of production to the U.S. Over 200 workers lost their jobs without the previously expected final working days, despite appeals from unions and government officials. The move completes a restructuring step that has immediate consequences for employees, the local community, and Diageo's public image. Diageo, listed as LSE:DGE, is coming off a weak share price run, with the stock down 11% over the past week and 23.6% over the past year to around £15.86. The abrupt closure in Canada adds an operational and reputational twist at a time when long term returns over 3 and 5 years have also been negative, with declines of 51.7% and 38.5% respectively. For investors, this news sits alongside those returns as part of a broader picture of how the company is r
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- Causeway International Value Exits iShares MSCI EAFE ETF, Impacting Portfolio by -2.62% [Yahoo! Finance]Yahoo! Finance
- Diageo's New Boss Just Pulled the Ripcord [Yahoo! Finance]Yahoo! Finance
- Tequila Headache for Diageo as U.S. Drinkers Cut Back. The Guinness Maker's Stock Drops. [Yahoo! Finance]Yahoo! Finance
- Diageo: Weak Results, Guidance Lowered, Dividend Cut, Stock Still Expensive [Seeking Alpha]Seeking Alpha
- AVIATION AMERICAN GIN INTRODUCES ITS FIRST-EVER FLAVOR INNOVATION: CRANBERRY & BLOOD ORANGE [Yahoo! Finance]Yahoo! Finance
DEO
Sec Filings
- 2/25/26 - Form 6-K
- 2/25/26 - Form 6-K
- 2/2/26 - Form 6-K
- DEO's page on the SEC website