Diageo announced a restructuring plan led by new CEO Dave Lewis, cutting nearly 2,000 jobs to save $1 billion. The move aims to streamline operations while focusing on expanding fast-growing categorie
Diageo CEO Dave Lewis announced a strategic overhaul to double Guinness production capacity by 2029 and invest $1bn in the brand, alongside significant job cuts to cut costs amid declining sales.
Diageo's partnership with Moët Hennessy faces scrutiny as profits halved to $219 million amid distribution frictions. New CEO Dave Lewis may review the alliance while prioritizing immediate turnaround
Diageo is cutting up to 30% of staff in some teams under new CEO Dave Lewis to reduce overheads amid weak spirits demand. Analysts expect these restructuring efforts to boost operating margins signifi
Diageo's new CEO Dave Lewis has initiated a restructuring plan to cut costs and headcount amid weak North American sales. An internal announcement regarding the scale of job losses is expected next we
Diageo's Indian unit reported a 27% profit surge driven by premium brand demand, despite industry-wide concerns over rising packaging costs and gas shortages. Meanwhile, Karnataka announced plans to r
Diageo reported 0.3% quarterly organic net sales growth, beating analyst forecasts, driven by strong Guinness demand in Europe and Latin America ahead of the World Cup, despite a decline in the U.S. m
Diageo CEO Dave Lewis gains reprieve after Pernod Ricard and Brown-Forman merger talks collapsed, removing a major competitive threat while he addresses weak sales in a struggling spirits market.
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