Drinks giant Diageo is reportedly considering offloading part of its wine division including Blossom Hill after being approached by interested buyers. According to Sky News, Diageo has been approached by “unidentified third parties”, who are interested in the drinks company’s Blossom Hill and Sterling Vineyards brands though not, it appears, Diageo-owned wine merchant Justerini & Brooks. It is also unclear whether any future sale would include the distribution rights to LVMH’s Champagnes Moët & Chandon and Dom Pérignon which Diageo holds. The maker of Guinness, Smirnoff and Johnnie Walker recently saw a surprise fall in third-quarter sales last month as “tough conditions in the emerging markets and subdued consumer demand in some developed markets” caused problems for the company said new CEO Ivan Menezes. To read more, please visit: .www.thedrinksbusiness.com/2015/05/diageo-planning-wine-sale/
