Diddy is suing the co-owner of his tequila for racial discrimination | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 95%

Business News News

Business Business Latest News,Business Business Headlines

In a lawsuit, Combs said that Diageo “kneecapped DeLeon’s sales growth for nearly a decade” because it’s the company considered it a “Black” brand.

In a lawsuit, filed Wednesday, Combs said that Diageo “kneecapped DeLeon’s sales growth for nearly a decade” because the company considered it a “Black” brand and marketed it to only “urban customers.” The suit also alleges that Diageo also neglected marketing for Ciroc, Diddy’s vodka brand he also co-owns with the company. Tequila sales have grown in the United States in recent years, according to data from Distilled Spirits Council of the United States.

Combs claims a Diageo executive told him that if Combs were Martha Stewart then “his brands would be more widespread.” Diageo\n \n denied the allegations, telling CNN in a statement that it will “vigorously defend ourselves in the appropriate forum.” “For more than 15 years, we’ve had a productive and mutually beneficial relationship with Combs on various business ventures, making significant investments that have resulted in financial success for all involved,” a Diageo spokesperson said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in BUSİNESS

Business Business Latest News, Business Business Headlines