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Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

The world's largest spirits maker has scrapped its medium-term growth target as new CEO Dave Lewis moves to reset performance after years of stagnant sales.

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euronews.comStai leggendo7 h fa

Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

Diageo announced $1bn restructuring with growth cut to low-single digits through 2029 from prior 5-7%, addressing years of stagnant sales. Consumer-goods sector contraction implies tighter enterprise IT spending, infrastructure consolidation, and demand-destruction for premium SaaS, signaling budget pressure ahead.

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martedì 4 agosto 2026·cityam.com
Will Drastic Dave live up to his name at Diageo?
Diageo boss 'Drastic' Dave Lewis is expected to make his mark with a raft of job cuts at the Guinness and Smirnoff owner this week.
mercoledì 5 agosto 2026·cnbc.com
CNBC UK Exchange: Diageo’s turnaround test
The world's biggest spirits company has since seen its share price more than halve as its fortunes have waned.

Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

Confronto fonti

Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

Timeline cronologica

Will Drastic Dave live up to his name at Diageo?

CNBC UK Exchange: Diageo’s turnaround test

Diageo boss launches £743m cost-cutting plan to deliver turnaround

Diageo, colosso delle bevande, annuncia tagli ai costi da 1 mld $ per crescita lenta

‘Hard work ahead’: Diageo shares soar as Drastic Dave’s cost savings lift investor spirits

Up to 150 jobs at Diageo’s Irish operation at risk as part of $1bn cost-cutting plan

Diageo anuncia un plan de recortes de 866 millones para impulsar su crecimiento

World's biggest spirits maker pops 6% on $1 billion cost-cutting plan

‘Hard work ahead’: Diageo shares soar as Drastic Dave’s cost savings lift investor spirits

Diageo boss launches £743m cost-cutting plan to deliver turnaround

Diageo boss Dave Lewis stakes revival on canned cocktails and Guinness

Diageo anuncia un plan de recortes de 866 millones para impulsar su crecimiento

Diageo chiude il 2026 con ricavi e utili in calo, ma rilancia con un piano da 1,2 miliardi | MilanoFinanza News

Up to 150 jobs at Diageo’s Irish operation at risk as part of $1bn cost-cutting plan

Drinks giant Diageo unveils $1bn in cost cuts to tackle slowing growth

Diageo, colosso delle bevande, annuncia tagli ai costi da 1 mld $ per crescita lenta

Nem fogy az alkohol, kirúgásokat tervez a Diageo