Diageo denies ‘fake agave’ claim in Casamigos tequila lawsuit
Diageo called a $5 million US class action over Casamigos and Don Julio's "100% agave" labeling baseless. The lawsuit alleged that the tequilas contain non-agave sugars and violate US and Mexican rules. Diageo said no proof backs the claim. The liquor giant's US shares are down 20% YTD, though retail sentiment turned bullish after the filing.
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