Diageo shares bounce back as new CEO Dave Lewis lifts spirits with $1bn savings plan
Pusulam brief
Ex-Tesco boss known as ‘Drastic Dave’ for his cost-cutting zeal pledges more of the same at flagging Guinness owner Shares in Diageo have bounced after the Guinness owner’s chief executive, “Drastic Dave” Lewis, passed the first big test of his plan to revive the flagging fortunes of the UK-based drinks company. Lewis, a former Tesco boss known in the City for his cost-cutting zeal, promised to deliver $1bn of savings over two years through a “significant” restructuring aimed at making the company more agile.
The development is worth tracking because it may create practical public benefit or inform similar work.
Ex-Tesco boss known as ‘Drastic Dave’ for his cost-cutting zeal pledges more of the same at flagging Guinness owner Shares in Diageo have bounced after the Guinness owner’s chief executive, “Drastic Dave” Lewis, passed the first big test of his plan to revive the flagging fortunes of the UK-based drinks company. Lewis, a former Tesco boss known in the City for his cost-cutting zeal, promised to deliver $1bn of savings over two years through a “significant” restructuring aimed at making the company more agile. Continue reading...
Why good news?
The story points to a concrete improvement, protection effort, discovery, or public benefit.
Why it matters?
The development is worth tracking because it may create practical public benefit or inform similar work.
Reading rights
We do not have rights to republish the full article text from this source. Pusulam shows the open RSS context, source link, and its own analysis; use the source link for the full story.
Do you think this development will have a positive impact?
Pusulam AI
Chat with this story
Ask for a summary, why it matters, or missing context.
Source
For this source, we show summary, analysis, and open RSS context only. Read the full story at the source.
Read at source →