The Maker of Guinness and Johnnie Walker Is Cutting $1 Billion in Costs. An Analyst Says That’s the Easy Part

Dave Lewis’s turnaround plan targets $1 billion in annual savings over three years. Experts say Diageo still has to prove it can revive sales.

BY LUCIA AUERBACH, NEWS WRITER

The spirits company behind Johnnie Walker and Don Julio has promised to cut costs since it appointed its new CEO Dave Lewis. On Thursday, they announced a $1 billion three-year savings plan........

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