Consumer stocks were edging higher premarket Monday as the Consumer Staples Select Sector SPDR Fund (XLP) was edging up 0.01% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was recently up 0.5%.

Diageo (DEO) has appointed Bank of America (BAC) and Goldman Sachs (GS) to conduct a strategic review of its holding in East African Breweries, Bloomberg News reported, citing people familiar with the matter. Shares of Diageo were down more than 2% premarket.