LAS ANGELES, CA. βΒ and entrepreneur Sean βDiddyβ Combs has withdrawn his lawsuit against Diageo as part of a settlement with the London-based spirits giant.
Combs and Diageo βhave now agreed to resolve all disputes between them,β the two parties said in a statement released Tuesday. Diageo is now the sole owner of Ciroc vodka and DeLeon tequila, two brands Combs had promoted in the past, and has no business relationship with Combs going forward.
No further details of the settlement were released.
CombsΒ sued Diageo last May, saying the company didnβt make promised investments in Ciroc and DeLeon and treated them as inferior βurbanβ products.
Combs, who signed a deal to promote Ciroc in 2007 and purchased DeLeon with Diageo in 2013, said the neglect worsened after Diageo bought two competing tequila brands: Don Julio in 2014 and Casamigos in 2017. Diageo owns more than 200 brands, including Guinness beer and Tanqueray gin.
Combs, who is Black, alsoΒ accused Diageo of racism. In court filings, Combs said Diageo leadership told him race was one of the reasons it limited distribution to βurbanβ neighborhoods. Combs was also told some Diageo leaders resented him for making too much money.
Diageo denied those claims. In legal filings, DiageoΒ accused CombsΒ of resorting to βfalse and recklessβ allegations βin an effort to extract additional billionsβ from the company.
Combsβ reputation took a serious hit after the lawsuit was filed. In November, he wasΒ sued by R&B singer Cassie, who said he subjected her to a yearslong abusive relationship that included beatings and rape. CombsΒ settled the lawsuitΒ with Cassie, whose full name is Casandra Ventura, a few days after it was filed.
