"酒业巨头"帝亚吉欧否认出售水井坊

Core Viewpoint - Diageo reported a sales decline of 2.8% year-on-year, totaling $10.5 billion for the first half of the fiscal year ending December 2025, primarily due to poor performance in the US and China markets [2] Group 1: Financial Performance - The decline in sales was significantly impacted by the performance of the US spirits and Chinese baijiu businesses, with the Asia-Pacific region's sales dropping by 11% year-on-year [2] - Excluding the impact of the Chinese baijiu business, the group's net sales decline would narrow to 0.5% [2] - The baijiu business, mainly from the brand Shui Jing Fang, is projected to see a net profit of 390 million yuan for 2025, a 71% year-on-year decrease, with revenue expected to fall by 42% to 3.038 billion yuan [2] Group 2: Strategic Plans - Diageo announced an "acceleration plan" last May, focusing on cost savings and deleveraging, which includes selective asset disposals [4] - Analysts have speculated that the Chinese baijiu business, Kenyan brewing operations, East African Breweries Limited (EABL), and some larger but underperforming brands may be considered for sale [4] - During the recent earnings call, Diageo's management clarified that there has been no mention of selling the Shui Jing Fang asset, but they would consider "irresistible" offers for non-core assets to reduce leverage, rather than selling brands at low prices [4]