Diageo has named consumer products veteran Dave Lewis to be its next CEO as the Guinness and Johnnie Walker owner grapples ...

Dave Lewis will be tasked with reviving the fortunes of the booze giant, which faces weak demand in key markets.

Lewis, who served as Tesco CEO between 2014 and 2020, will be tasked with steering a turnaround of the Smirnoff vodka and Captain Morgan rum maker.

Diageo (DEO), the global spirits giant behind brands like Johnnie Walker, Guinness, and Tanqueray, has been struggling to keep up with the market. Compounding the challenges, Diageo's stagnant sales ...

Last May, drinks giant Diageo was hit with a lawsuit claiming that the company sold “adulterated tequila” to consumers that was labeled as 100 percent agave under its Casamigos and Don Julio brands.

Diageo faces challenges post-COVID, including over-inventory, tough comparables, and emerging narratives like GLP-1 drugs, Gen Z's drinking habits, and economic struggles in key markets. Despite these ...

Diageo posted a decline in sales and profits for its fiscal year. Consumer demand has been weak. The company expects those trends to continue into 2025. Shares of the liquor company pulled back on a ...

Diageo , the world's top spirits maker, has considered external candidates for its chief executive role including outgoing ...

Diageo's lack of growth, squeezed margins, and rising competition have led to poor shareholder returns and a 50% drop from all-time highs. The company's global saturation and diminished pricing power ...