Is CEO Dave Lewis Diageo’s hangover cure?

Dave Lewis, new CEO of alcoholic-drinks giant Diageo, laid out plans to revamp thecompany after several years of falling profits, says Madeleine Speed in the Financial Times.The maker of Guinness and Johnnie Walker posted a 2% decline in organic revenue for the year to 30 June 2026, while operating profits dropped 27% to $3.2 billion. Savings will be made by “redesigning Diageo's operating model and overhauling its supply chain”, with the elimination of what Lewis calls “massiv