Diageo Under SEC Investigation for Alleged Excess Shipments

Dear Client: The Securities and Exchange Commission has launched an investigation relating to concerns about Guinness parent Diageo possibly shipping excess inventories to its U.S. distributors, allowing it to distort sales and shipments reports, according to Dow Jones. Diageo confirmed the inquiry from the SEC to the Wall Street Journal this afternoon. A company spokesperson told the WSJ that "Diageo is working to respond fully to the SEC's requests for information in this matter." The investigation comes amid a number