Diageo (LSE:DGE) is cutting nearly 2,000 jobs worldwide as part of a major restructuring under new CEO Sir Dave Lewis. The reduction represents over 6% of Diageo's global workforce and includes structural and leadership changes across the business. The company plans to redirect savings from the cuts into areas it views as higher growth within its global portfolio of drinks brands. Investors are watching how the new cost focus and organisational overhaul influence Diageo's long term...

The Guinness owner said its headcount has declined by more than 6% as it prepares a $1 billion savings plan.

The steepest regional reduction in the last 12 months came in Africa.

Guinness’s owner cut nearly 2,000 jobs last year as its new chief executive, Sir Dave Lewis, gutted spending.

Guinness’s owner cut nearly 2,000 jobs last year as its new chief executive, Sir Dave Lewis, gutted spending.

A company spokesperson said Diageo had "taken appropriate measures to align our products fully with the revised requirements".

By Aditya Kalra NEW DELHI, Aug 17 (Reuters) - Diageo has agreed to reformulate some of its most popular whisky and rum drinks in India, two government sources told Reuters, after the country's food

Cramer’s remarks about Diageo PLC (NYSE:DEO) and Constellation Brands, Inc. (NYSE:STZ) marked somewhat of a shift in opinion compared to his statements in 2025. Last year, he was mostly bearish about the alcoholic beverage sector in particularly primarily due to shifting trends in the younger generation. However, in this appearance, while he maintained that Diageo […]

DEO is reshaping its portfolio, backing Guinness and broader brand activation as it targets steadier growth amid persistent weakness in U.S. spirits.

The European stock markets closed mixed in Tuesday trading as another potential deal between the US

By Aditya Kalra NEW DELHI, Aug 11 (Reuters) - India's government prohibited a popular Diageo rum for misbranding without following due process and just as the food safety regulator began consulting on

For brand stewards (and packaging geeks), there were additional highlights in the granular details about bottles and cans. John O’Keeffe, the recently installed CEO and president of Diageo North America, identified Crown Royal whiskey, Smirnoff vodka and Captain Morgan rum as “three brands in long-term decline that require some fundamental fixes.” High-funnel marketing strategies are being reworked, but O’Keeffe suggested that macro turnarounds also need help on the shelf.

By Aditya Kalra NEW DELHI, Aug 10 (Reuters) - Indian inspectors have seized around 18,000 boxes of Diageo liquor bottles for allegedly lacking markings to show they were made using safe recycled

By Aditya Kalra NEW DELHI, Aug 8 (Reuters) - India's food safety regulator warned liquor giant Diageo that it misleadingly claimed one of its top-selling whiskies was "matured in American oak casks",

Diageo's FY26 earnings show resilience with cost savings and cash gains, but North America weakness pressures sales and outlook.