Diageo Reaffirms Commitment to Beer

Any rumors of Diageo selling its beer unit were laid to rest today after the company announced plans to invest £520 million ($1 billion) in a new brewery near Dublin. Once it is completed in 2013, the new brewery will be the largest in the country, says Diageo. The company also plans to renovate its famed Dublin brewery at St. James’s Gate (which produces Guinness for the Irish and British markets) and close two smaller breweries, Kilkenny and Dundalk, by