Diageo and Sean Combs Resolve Tequila Joint Venture Dispute

In a surprising turn of events, Diageo, the London-listed drinks group, and former rapper Sean Combs, known as Diddy, have announced a settlement of their legal dispute, avoiding a public trial over their tequila joint venture. This resolution brings an end to a contentious legal battle that began when Combs sued Diageo in May, alleging that the company failed to honour their joint venture agreement for DeLeón, a premium tequila brand acquired by both parties in 2014.