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