Diageo said it had no interest in selling Guinness or shares in Moët Hennessy.

(Reuters) – Diageo (LON: ) The world’s top spirits maker said on Sunday it does not intend to sell beer brand Guinness or its beer brand owned by Moët Hennessy, the drinks division of LVMH.

On Friday, Bloomberg News reported that the company is reviewing Guinness, a star performer in Diageo’s portfolio, as well as its investment in Moët Hennessy. The report said Guinness could be worth more than $10 billion.

“We note the recent media speculation surrounding the Guinness brand and our stake in Moët Hennessy and confirm that we have no intention of selling either,” Diageo said in a statement. The company said it will provide further updates on its interim results on February 4.

Guinness is a standout in Diageo’s business, which consists of spirits rather than beer, but its performance has recently outperformed key liquor brands such as Johnnie Walker whisky.

Spirits sales have struggled after the post-pandemic surge in demand for expensive alcohol went into reverse. Meanwhile, Guinness sales are expected to grow by double digits every year from 2021, with the zero-alcohol version also on the rise.