{"id":122226,"date":"2020-08-11T14:00:20","date_gmt":"2020-08-11T11:00:20","guid":{"rendered":"https:\/\/ldaily.ua\/ru\/?post_type=news&#038;p=122226"},"modified":"2020-08-11T17:08:10","modified_gmt":"2020-08-11T14:08:10","slug":"diageo-zvynuvatyla-lvmh-v-nevyplati-dyvidendiv-na-181-mln-yevro","status":"publish","type":"news","link":"https:\/\/ldaily.ua\/en\/news\/novosti\/diageo-zvynuvatyla-lvmh-v-nevyplati-dyvidendiv-na-181-mln-yevro\/","title":{"rendered":"Diageo accused LVMH of not paying dividends of 181 million euros"},"content":{"rendered":"<p>The world&#8217;s largest producer of alcohol, the British Diageo has initiated arbitration proceedings with the French luxury goods manufacturer LVMH Moet Hennessy &#8211; Louis Vuitton SA due to non-payment of dividends in the amount of 181 million euros in 2019.<\/p>\n<p>Diageo owns 34% in the joint venture with LVMH for the production of alcoholic beverages Moet Hennessy.<\/p>\n<p>The report for the fiscal year ended on June 30, Diageo said that non-payment of dividends is a violation of the partnership agreement with the French company.<\/p>\n<p>According to an informed source in the Financial Times, Moet Hennessy initially intended to pay dividends for 2019, however, changed its mind due to the pandemic impact on the company&#8217;s business. This decision was approved by LVMH, which is the majority shareholder of Moet Hennessy.<\/p>\n<p>LVMH in June announced a reduction in final dividends for 2019 to 2.6 euros from 4 euros per share a year earlier. Last year, the company received a record revenue of 53.7 billion euros.<\/p>\n","protected":false},"featured_media":122227,"menu_order":0,"template":"","newscat":[9],"newstag":[27507,26831,25100,27464,27463,27466,27465],"issues":[],"class_list":["post-122226","news","type-news","status-publish","has-post-thumbnail","hentry","newscat-novosti","newstag-alcoholic-beverages","newstag-diageo","newstag-lvmh","newstag-lvmh-moet-hennessy-louis-vuitton-sa","newstag-moet-hennessy","newstag-alkogolni-napoyi","newstag-alkogolne-napytky"],"_links":{"self":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news\/122226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media\/122227"}],"wp:attachment":[{"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/media?parent=122226"}],"wp:term":[{"taxonomy":"newscat","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newscat?post=122226"},{"taxonomy":"newstag","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/newstag?post=122226"},{"taxonomy":"issues","embeddable":true,"href":"https:\/\/ldaily.ua\/en\/wp-json\/wp\/v2\/issues?post=122226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}