Diageo turnaround and global spirits industry restructuring
The developments in this story so far, most recent first.
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· date approximate Milestone
World's biggest spirits maker pops 6% on $1 billion cost-cutting plan
No separate article for this desk or language yet.
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· date approximate Background
Dave Lewis was appointed as CEO of Diageo in November of the previous year.
Dave Lewis was appointed as the CEO of Diageo, following the departure of Debra Crew, who stepped down in July of the previous year. The announcement regarding Lewis's appointment was made last November.
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· date approximate Background
Debra Crew stepped down as CEO of Diageo in July of the previous year.
Debra Crew stepped down from her position as CEO of Diageo in July of last year. She was succeeded by Dave Lewis.
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· date approximate Background
Diageo shares reached an all-time high of nearly £90 billion in market value.
On January 4, 2022, Diageo shares reached an all-time high, with a market value of nearly £90 billion, which was roughly $121 billion at the time.
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· date approximate Background
Diageo announced its previous medium-term growth target of 5% to 7% organic net sales growth.
In early 2021, Diageo had set a medium-term goal for its organic net sales growth. This target was established at a rate of 5% to 7%.