Liquor giant Diageo PLC said it was severing ties with entrepreneur Sean Combs after the celebrity filed a suit alleging Diageo had not supported joint ventures involving Ciroc vodka and DeLeón tequila.
Combs sued Diageo in late May in New York Supreme Court in Manhattan, alleging that the company, which also distributes Johnnie Walker and Captain Morgan, among other liquor brands, had neglected the spirits under their joint control. He also alleged Diageo had undermined the business by marketing Ciroc and DeLeón as “urban,” rather than something for the general market.
“We are saddened that Mr. Combs has chosen to recast a business dispute as anything other than that and chosen to damage a productive and valued partnership. Mr. Combs’ bad-faith actions have clearly breached his contracts and left us no choice but to move to dismiss his baseless complaint and end our business relationship. Mr.
Diageo owns more than 200 different liquor brands, including Don Julio tequila and Casamigos tequila, which it acquires from celebrity founder George Clooney and his partners in 2017.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Diddy's Son King Combs Details Their Family's Upcoming Reality ShowThe music mogul's 25-year-old son opened up to ET on the carpet at the 2023 BET Awards in LA on Sunday.
Read more »
Denver liquor shops — big and small — blame wine in grocery stores for falling salesToday, the Colorado market is no longer solely made up of family-owned liquor stores. Not only have national chains and big-box liquor stores entered the mix, but privileges once reserved for these…
Read more »
Fox News announces new primetime lineup with Laura Ingraham, Jesse Watters, Sean Hannity, and Greg GutfeldFox News Channel will debut a new primetime lineup with Laura Ingraham, Jesse Watters, Sean Hannity, and Greg Gutfeld on July 17, CEO Suzanne Scott announced.
Read more »
SEAN HANNITY: Democrats and the DOJ will never, ever seriously investigate President Biden or Hunter BidenFox News host Sean Hannity calls out the federal government's treatment of allegations against the Biden family on Monday's “Hannity.'
Read more »