Diageo has written down the value of its 40% stake in Shuijingfang by £264m because sales of “baijiu” liquor have tumbled amidst anti-extravagance policies.
To read the whole article, Questor share tip: Avoid Diageo’s emerging market hangover, go to the website of The Telegraph.
Similar Posts:
- Diageo’s emerging market problems deepen (FT)
- ZJLD Group (HKG: 6979): IPO of the First Baijiu Maker to List Outside of China Flops
- Shift Your Emerging Market Consumer Exposure from MNCs to Local Stocks (FE Trustnet)
- Macau Casino Boom-Bust Cycle in One Chart (Bloomberg)
- Aberdeen Asset Management’s China Update
- China is Going After Foreign Car Makers (Fitch Ratings)
- Chinese Share Sales in Europe Gain Importance as Financing Tool, UBS Exec Says (CAIXIN)
- Meet The 7 Men Who Will Rule China (Epoch Times / ZeroHedge)
- BRICs Morphing Into an Anti-dollar Alliance (MT)
- Dead Sheep, Dumped Crops as China Covid Rules Hit (Bloomberg Supply Lines Newsletter)
- Meat Scandal Sees McDonald’s Sales Drop 7.2% in Emerging Markets (SCMP)
- Don’t Believe All the Doom and Gloom Scenarios for China? (FT)
- China Icebergs: Forces That Could Reshape the World (PineBridge Investments)
- Economic and Finance Shake-up on China’s Central Committee Heralds New Era in Face of Global Uncertainty (SCMP)
- China’s Gung-ho Foray Into Africa Gets a Reality Check (Bloomberg)
