Results for the 2026 financial year, released on Aug. 6, showed that organic net sales in Greater China fell 34.9% year on year. Sichuan Swellfun, Diageo’s principal baijiu asset in China, is also expected to report a loss for the first half of 2026. Read More
Shuijingfang
After rumors of layoffs and possible sale to a Chinese baijiu distiller, global spirits giant is reviewing a sale of Shui Jing Fang amid a global slowdown. Read More
The departure adds to a growing list of leadership shake-ups at the baijiu maker, which is majority-owned by London-based drinks giant Diageo. Read More