Diageo completes sale of Sheridan’s to Casa Redondo

30 January 2026: Today, Diageo has completed the sale of Sheridan’s, a two-part coffee-cream liqueur, to Casa Redondo. A Transitional Services Agreement has been agreed to ensure a smooth transition and continuity of the business.

This transaction is an example of Diageo’s sharp focus on effective portfolio management and maximising shareholder value. It follows previous European transactions including the sales of Pampero, Cacique and Safari.

ENDS

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About Diageo

Diageo is a global leader in beverage alcohol with an outstanding collection of brands across spirits and beer categories. These brands include Johnnie Walker, Crown Royal, J&B and Buchanan's whiskies, Smirnoff and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.

Diageo is a global company, and our products are sold in nearly 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo's global responsible drinking resource, www.DRINKiQ.com for information, initiatives, and ways to share best practice.

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About Casa Redondo

Casa Redondo is a third-generation beverage-alcohol company started in 1940 by José Carranca Redondo. The Company’s flagship brand is Licor Beirão, the best-selling spirit brand in Portugal. The Company also manages Aperitivo Per Se, Amarguinha, FoxTale Gin and has recently expanded its portfolio with the purchase of Safari from Diageo.

For more information about Casa Redondo, visit www.CasaRedondo.com or email us at [email protected]