Diageo boss launches $1bn cost-cutting plan to deliver turnaround

NAMPA / DPA

2026-08-06

London (PA Media/dpa) - Guinness maker Diageo has said it will cut costs to secure $1 billion in savings as part of a major overhaul under boss Dave Lewis to help revive its fortunes. It came as the drinks giant, which also makes Gordon's gin and Baileys, revealed weaker sales and profits for the past year. The former Tesco chief executive, who was previously dubbed "Drastic Dave" for his approach to cutting costs, said there is "hard work ahead"......

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