Thrifty Banker
  • Politics
  • Business
  • World
  • Investing
  • Politics
  • Business
  • World
  • Investing

Thrifty Banker

Business

Diddy and Diageo part ways in settlement of racism accusations

by January 17, 2024
January 17, 2024
Diddy and Diageo part ways in settlement of racism accusations

Sean “Diddy” Combs and Diageo said Tuesday they have cut ties and settled the music mogul’s accusations that the spirits giant neglected vodka and tequila brands he promoted or co-owned.

In a joint statement, the London-based company and Combs said they “have now agreed to resolve all disputes between them. Mr. Combs has withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against Diageo with prejudice.”

Diageo and Combs added that they have “no ongoing business relationship, either with respect to Cîroc vodka or DeLeón tequila, which Diageo now solely owns.”

The sides settled a lawsuit filed last year in New York Supreme Court in Manhattan, where Combs alleged racial discrimination by Diageo and said the company neglected Cîroc vodka and DeLeón tequila. Combs’ lawyers accused the company of marketing the spirits as “urban” brands.

The suit sparked a monthslong dispute between Diageo and Combs.

In November, Diageo filed a letter aiming to prevent Combs from appearing in DeLeon tequila ads after the singer Cassie accused him of rape and abuse. Cassie and Combs settled the singer’s lawsuit that month, only a day after she filed it.

Combs Wines and Spirits and Diageo first partnered in 2007 to promote Cîroc. They later teamed up to jointly purchase DeLeón in 2013.

Diageo, one of the largest spirits companies in the world with a nearly $80 billion market value, owns more than 200 brands such as Don Julio and Johnnie Walker.

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Top 5 Life Science ETFs
next post
They are the 96% and that’s why news is so biased

Related Posts

Supreme Court Justice Samuel Alito sold Bud Light...

May 22, 2024

Walmart to open or expand more than 150...

February 2, 2024

U.S. passport processing times return to pre-pandemic levels

December 20, 2023

Social Security COLA increase for 2024 could be...

September 14, 2023

WeightWatchers CEO apologizes to body positivity influencer after...

March 25, 2024

Going camping off the grid is getting harder....

June 17, 2024

Starbucks will accept reusable cups for drive-thru and...

January 6, 2024

Frontier Airlines proposes merging with fellow budget carrier...

January 30, 2025

Is it time to rethink the 4% retirement...

May 15, 2024

Temple University reviewing reports of potential match-fixing of...

March 9, 2024

    Sign up for our newsletter to receive the latest insights, updates, and exclusive content straight to your inbox! Whether it's industry news, expert advice, or inspiring stories, we bring you valuable information that you won't find anywhere else. Stay connected with us!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Popular

    • 1

      Top 10 Countries for Natural Gas Production (Updated 2024)

      April 6, 2024
    • 2

      Understanding Lithium Mineralogy from an Investment Perspective

      September 12, 2023
    • 3

      US Capital Global Facilitates $50MM Financing to Accelerate Charbone Hydrogen’s North American Expansion

      June 6, 2025
    • 4

      Israel confirms it is arming Hamas rivals in operation opposition calls ‘complete madness’

      June 6, 2025
    • 5

      A GOP operative accused a monastery of voter fraud. Nuns fought back.

      January 3, 2025
    • 6

      Crypto Market Recap: Strategy Eyes US$1B Raise for Bitcoin Push, UK Regulator Reverses ETN Ban

      June 6, 2025
    • 7

      China’s aircraft carriers send message in the open Pacific for the first time – and bigger and more powerful ships are coming

      June 16, 2025

    Categories

    • Business (1,051)
    • Investing (2,075)
    • Politics (2,977)
    • Uncategorized (20)
    • World (3,383)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: thriftybanker.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thriftybanker.com | All Rights Reserved