Diageo set to sell most of Whyte & Mackay

Drinks giant Diageo is to offload most of its whisky business Whyte & Mackay amid fears that its continued ownership could drive up prices for drinkers.

The sale offer comes after retailers complained to the Office of Fair Trading (OFT) that Diageo’s acquisition of United Spirits last year resulted in two of the UK’s leading blended bottled whisky brands coming under the same owner.