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CHINA: Diageo writes down value of Shuijingfang by GBP264m

2014-07-31 10:45:00| Daily beverage news and comment - from just-drinks.com

Diageo has written down the value of baijiu maker Shuijingfang, of which it has a 39.7% stake, by GBP264m (US$446.2m) as sales of the white spirit have fallen sharply in the face of China's anti-extravagance measures.

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