Diageo’s stock falls toward 7-month low in wake of WSJ report of being sued by Sean ‘Diddy’ Combs

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Diageo’s stock falls toward 7-month low in wake of WSJ report of being sued by Sean ‘Diddy’ Combs
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The U.S.-listed shares of Diageo PLC slid 1.4% toward a 7-month low in midday trading Wednesday, after The Wall Street Journal reported that Sean “Diddy”...

The U.S.-listed shares of Diageo PLC DEO UK:DGE slid 1.4% toward a 7-month low in midday trading Wednesday, after The Wall Street Journal reported that Sean “Diddy” Combs sued the U.K.-based spirits, wine and beer company for neglecting the DeLeón tequila brand they co-won. Music mogul Combs also accused Jack Daniels, Smirnoff and Guinness brand parent of racial discrimination, the WSJ report said, saying in a court filing that Diageo had referred to DeLeón as a Black brand.

4% toward a 7-month low in midday trading Wednesday, after The Wall Street Journal reported that Sean “Diddy” Combs sued the U.K.-based spirits, wine and beer company for neglecting the DeLeón tequila brand they co-won. Music mogul Combs also accused Jack Daniels, Smirnoff and Guinness brand parent of racial discrimination, the WSJ report said, saying in a court filing that Diageo had referred to DeLeón as a Black brand.

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