Posts Tagged ‘Guinnessowner’
Guinness-owner Diageo is said to weigh options for China assets including sale
The company is trimming global holdings as falling alcohol use hurts efforts to push pricier drinks [LONDON] Diageo is considering options for its Chinese assets, including potential divestments, people familiar with the matter said, as the maker of Guinness and Johnnie Walker seeks to streamline its portfolio. Diageo is working with Goldman Sachs Group and…
Read MoreGuinness-owner Diageo taps former Tesco chief Dave Lewis for CEO role
[BENGALURU] Diageo appointed former Tesco boss Dave Lewis as its CEO on Monday (Nov 10), ending a months-long search. The company is turning to an outsider to steer the world’s largest spirits maker through a challenging period for the drinks industry. Lewis will join Diageo at the start of 2026 and will be tasked with…
Read MoreGuinness-owner Diageo CEO step downs after tough two years, finance chief to lead in interim
Published Wed, Jul 16, 2025 · 08:22 PM [LONDON] Diageo CEO Debra Crew has stepped down after just two years in the job, the world’s biggest spirits maker said on Wednesday (Jul 16), with finance chief Nik Jhangiani taking over in the interim as the company strives to boost its performance and cut debt. Shares…
Read MoreGuinness-owner Diageo plans cost cuts, asset sales to reduce debt
[BENGALURU] Diageo unveiled a plan on Monday (May 19) to cut US$500 million in costs and make substantial asset disposals by 2028, as the maker of Johnnie Walker whisky and Guinness beer looks to turn around its performance and reduce its debts. Cost cuts would come from changes to Diageo’s trade investment and advertising spend,…
Read MoreGuinness-owner Diageo scraps medium-term goals as tariffs cloud outlook
GUINNESS-owner Diageo withdrew its ambitious sales growth target on Tuesday (Feb 4), in an acknowledgement a prolonged downturn in demand and uncertainty over US President Donald Trump’s tariffs require the spirits sector to make big adjustments. While investors welcomed the removal of targets they regarded as increasingly unrealistic, shares in the world’s largest spirits maker…
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