Whisky giant chief steps down with 'immediate effect':
Chief executive of Scotland's largest whisky distiller steps down 'by mutual agreement'
heraldscotland.com/news/25319264.scotch-whisky-giant-chief-quits-immediate-effect/
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Key FactsDiageo Navigates Tariffs Amid Market Skepticism
May 19, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
- Diageo estimates $150 million in tariffs for 2025 due to recent changes in US trade policies.
- The company targets $500 million in annual cost savings and $3 billion free cash flow starting in 2026.
- Strong quarterly sales were partly driven by US wholesalers stockpiling ahead of tariffs, yet investor confidence remains low.
- Plans to sell unspecified assets aim to reduce debt levels by 2028.
Nothing has changed with regards to well-performing beer label Guinness, which Diageo ruled out selling earlier this year.— CEO Debra Crew told reporters.
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Spirits manufacturer - | Diageo is encountering difficulties - | especially in America
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