Diageo "rethinks" Guinness Brewery expansion
Diageo, the owner of Guinness stout, is scaling back plans to build a €650m ($852m) brewery on the outskirts of Dublin and may scrap them altogether as global beer sales slump.Diageo, which announced plans for the brewery last May as part of a restructuring of its historic St James’s Gate brewery in Dublin, said yesterday it was undertaking a “re-evaluation” of its brewing investments in Ireland. “The world has changed,” the company said. “We want to pause for breath.”
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