scorecardresearchYour alcohol set to get expensive? Diageo halts some whiskey sales in India to force price hikes

Your alcohol set to get expensive? Diageo halts some whiskey sales in India to force price hikes

Updated: 26 Aug 2022, 08:41 AM IST
TL;DR.
One of Hina Nagarajan’s first moves at the helm of liquor giant Diageo Plc’s Indian arm is a standoff with government officials over price caps that have already cost the company almost $9 million in sales, and some say might backfire.
Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns about 56% stake in United Spirits

Diageo, the maker of Johnnie Walker whiskey and Tanqueray Gin, currently owns about 56% stake in United Spirits