Unite proposes strike at Diageo’s Scottish distillery
Trade union Unite announced plans to dispute over job cuts at Diageo’s Cameronbridge distillery in Leven, Scotland. Diageo is the parent company of a portfolio of popular alcohol…
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Diageo cut nearly 2K jobs during restructuring
The Guinness owner said its headcount has declined by more than 6% as it prepares a $1 billion savings plan.
Guinness Maker Sheds Nearly 2,000 Jobs As New CEO Leads Overhaul
Diageo's total headcount fell more than 6% year-on-year by the end of June, its annual report showed as the company commences restructuring.
Guinness owner Diageo targets $1B in cost savings
The three-year turnaround plan, which includes job cuts, will boost investments in Guinness and successful RTDs.
Diageo targets $1 billion savings after FY sales decline
The Smirnoff and Johnnie Walker owner reported a net sales decline of 2% for the year ending 30 June 2026 before unveiling $1.2 billion restructuring plan The post Diageo targets…
Struggling Diageo to cut costs by more than a billion
Beverage manufacturer Diageo, owner of Johnnie Walker, Smirnoff, and Baileys, plans to make significant cost cuts following a decline in revenue, while simultaneously investing in…
Lewis bets on Guinness and RTDs in Diageo recovery strategy
Sir Dave Lewis is going deep with cost cutting at Diageo, but he is also intent on restructuring the business to unlock greater value from its portfolio, writes Ron Emler. The…
Union says Diageo ‘steam-rolling’ through job cuts
GMB Scotland has accused Diageo of refusing to engage with workers and ease the impact of job losses at its Scotch distilleries The post Union says Diageo ‘steam-rolling’ through…
United Spirits backs India’s ‘first’ limoncello
The Indian arm of Diageo has agreed to buy a 10% stake in a company that makes an Italian-inspired limoncello and a Korean-style soju The post United Spirits backs India’s ‘first’…
NIO Cocktails bets on UK under new owner
NIO Cocktails is under new ownership following the closure of Diageo’s Distill Ventures and a subsequent restructuring of the business The post NIO Cocktails bets on UK under new…
Diageo India reports 51.6% profit increase in Q1
United Spirits was propelled by double-digit growth in the Prestige & Above segment in its unaudited first-quarter results The post Diageo India reports 51.6% profit increase in…
Diageo’s India unit reports 52% leap in quarterly profit
United Spirits, Diageo's Indian subsidiary, has reported a sharp rise in first-quarter profit, fuelled by robust demand for its premium spirits portfolio. The post Diageo’s India…