Daily Archives: February 9, 2016

Guinness Nigeria, NAFDAC fail to reach agreement at resumption of case

Guinness Nigeria Plc and the National Agency for Food & Drug Administration and Control (NAFDAC) have failed to reach an out-of-court settlement agreement at the resumption of the case brought against the brewer by the agency. NAFDAC had fined Guinness N1bn in November for various administrative violations against the agency’s rules.

Diageo sells last remaining wine asset in the US as it exits category

Diageo has completed the sale of its remaining wine brand in the U.S with the sale of Chalone Estate Vineyard in California to the Foley Family Wines. The terms of the sale was not disclosed.

Diageo has been disposing of its wine brands since last year when the company’s CEO, Ivan Menezes stated that “wine was no longer core” to the company’s strategy.