Diageo’s chief executive, Lewis, announces a new restructuring programme aimed at reviving the drinks group that makes brands including Guinness, Johnnie Walker, Baileys and Gordon’s gin. Multiple outlets report that the plan centers on aggressive cost cutting and is intended to improve performance after the company reports weaker sales and profits over the past year. Financial Times describes the move as a restructuring effort laid out by the CEO to deliver a turnaround. Other reports put the scale of the initiative at about €860 million or £743 million, suggesting the same underlying spending and efficiency actions are reported in different currencies. While the sources do not detail every operational measure, they consistently link the cost-cutting drive to the group’s recent financial results and its effort to strengthen future competitiveness. The reporting aligns on the core elements: a leadership-led turnaround plan, a major cost-reduction target, and a response to declining sales and profitability figures from the prior year.