Diageo to buy premium rum brand Don Papa
2 min read . Updated: 17 Jan 2023, 09:37 PM IST 
Premium- Deal comes as distillers seek to bolster their exposure to high-end products
Diageo PLC has agreed to buy Don Papa Rum, a high-end dark rum from the Philippines, in a deal worth up to about $473 million, as the liquor giant bids to move further upmarket.