Last year Sean 'Diddy' Combs filed a lawsuit against his liquor brand partner Diageo Beverage Company after accusing them of racial discrimination against his brands Cirôc Vodka and DeLéon Tequila [click here if you missed that].
Diddy and Diageo have settled their lawsuit and now Diddy no longer owns either brand...
From Variety
Sean “Diddy” Combs and Diageo have “resolved all disputes,” both parties announced on Tuesday morning, apparently ending long and complicated legal battle wherein Combs alleged the liquor giant had not supported joint ventures involving Ciroc vodka and DeLeón tequila. The parties announced the resolution in a brief statement severing their business ties.
“Sean Combs and Diageo have now agreed to resolve all disputes between them. Mr. Combs has withdrawn all of his allegations about Diageo and will voluntarily dismiss his lawsuits against Diageo with prejudice,” the statement, attributed to both parties, reads. “Diageo and Mr. Combs have no ongoing business relationship, either with respect to Cîroc vodka or DeLeón tequila, which Diageo now solely owns.”
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