24th Jul 2015 05:37
LONDON (Alliance News) - Diageo PLC is facing scrutiny in the US over claims it has artificially boosted its sales in the country, The Daily Telegraph reports.
The FTSE 100-listed drinks companies, which owns the Guinness and Smirnoff vodka brands, has been contacted by the Securities and Exchange Commission, the US financial regulator, for information on how it has shipped stock to distributors.
Diageo is alleged to have been sending more cases of alcohol to its clients than they required, allowing the company to report higher sales and shipments.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11759757/Diageo-faces-claims-it-artificially-inflated-sales.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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