Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Diageo, maker of Guinness, plans to save £625M over three years due to a 27.8% drop in profits.

flag Diageo, the maker of Guinness and Johnnie Walker, plans to save £625 million over three years to recover from a challenging year marked by a 27.8% drop in operating profits to $4.3 billion and a 0.1% decline in net sales to $20.2 billion. flag The company attributes the financial downturn to weaker consumer demand and younger people drinking less. flag Savings will come from efficiencies in advertising, reduced overheads, and supply chain improvements. flag The cost-saving plan does not focus on job cuts, though some will occur.

124 Articles

Further Reading