Diageo Takes a £264M Writedown on China (The Telegraph)
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.
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