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Evening Standard
Evening Standard
Henry Saker-Clark

Diageo boss launches £743m cost-cutting plan to deliver turnaround

Guinness owner Diageo has laid out plans for sharp cost cuts as part of efforts to return profits to growth (Liam McBurney/PA) - (PA Wire)

Guinness maker Diageo has said it will cut costs to secure one billion dollars (£743 million) in savings as part of a major overhaul under boss Dave Lewis to help revive its fortunes.

It came as the drinks giant, which also makes Gordon’s gin and Baileys, revealed weaker sales and profits for the past year.

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