Diageo CEO Unveils £743 Million Cost-Cutting Plan After Weak Sales Report

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Business

6 August 2026 at 5:56 pm

Diageo CEO Unveils £743 Million Cost-Cutting Plan After Weak Sales Report

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Summary

Diageo's boss has initiated a £743 million cost-cutting plan following weaker sales and profits reported for the past year. The drinks giant, known for brands like Gordon's gin and Baileys, aims to deliver a turnaround.

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