Latest Diageo News & Updates

See the latest news and media coverage for Diageo. We track all announcements, press releases, and industry mentions in real time, all in one place.

Diageo

Producer and distributor of spirits, beer and ready-to-drink beverages

diageo.com

Headquarters: London, United Kingdom
Company type: Public company
Number of employees: 33,000+
Industry: Distillers & Wineries

Last updated October 13

Latest news about Diageo

In short: Diageo launched a $1 billion cost-cutting overhaul under new CEO Dave Lewis amid weak North America sales.

Company announcements

October 13 Diageo

Diageo publishes restated regional financial results for FY25 and FY26

Restatement aligns reporting with new structure effective FY27. North America organic sales fall 8.5%. EMEA grows 5.9%. India rises 7.1%.

October 13 Diageo

Diageo provides Fiscal 27 Q1 financial outlook and market commentary

The document outlines flat organic net sales growth, low-to-mid single-digit operating profit gains, and specific regional performance data for North America, Europe, and Asia Pacific.

August 18 Diageo

Diageo announces a strategic overhaul focusing on spirits and efficiency

Investing $1.2 billion to generate $1 billion in annual savings, the business shifts focus to ready-to-drink cocktails and premium beer while reducing debt.

August 18 Diageo

Diageo outlines new leadership and strategic reforms to restore growth

The company appoints a new chief executive, reduces dividends, and sells assets to strengthen its balance sheet while advancing sustainability goals.

Media coverage

September 1 Bloomberg

Kenya Approves Asahi's Purchase of Diageo Unit With Conditions

Kenya's antitrust authority approves Diageo Plc’s sale of its East African unit on condition that it sets aside money to settle all liabilities.

August 18 Financial Times

Diageo cuts 2000 jobs as CEO launches restructuring plan

Spirits group shrinks workforce amid falling demand and rising costs, with CEO Dave Lewis aiming to save $1bn over three years.

August 12 BBC

What's next for Guinness owner Diageo?

Diageo, the company that owns Guinness, Smirnoff, Johnnie Walker and more than 200 drinks brands worldwide, has announced a major reset after a tough couple...

August 7 Yahoo Finance

DEO FY26 Preliminary Earnings Show Pressure on North America Weakness

Diageo's FY26 earnings show resilience with cost savings and cash gains, but North America weakness...

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