Guinness Nigeria To Lose Over N14bn As Owner Of Johnnie Walker, Baileys Terminates Distribution Contract

Guinness Nigeria Plc’s revenue will shed more than N14bn which is about 6 per cent of it’s revenue as Diageo Plc has terminated the Sale and Distribution Agreement entered into with the company in 2016.

This implies that Guinness will no longer be the importer of Diageo international premium spirits products, including Johnnie Walker, Singleton, and Baileys and others.

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