Business Daily - What's next for Guinness owner Diageo? - BBC Sounds

Use BBC.com or the new BBC App to listen to BBC podcasts, Radio 4 and the World Service outside the UK.

Find out how to listen to other BBC stations

Episode details

World Service,·13 Aug 2026,·18 mins

Available for over a year

Diageo, the company that owns Guinness, Smirnoff, Johnnie Walker and more than 200 drinks brands worldwide, has announced a major reset after a tough couple of years in which its profits have fallen and its share price has struggled. British businessman Sir Dave Lewis has been brought in to steer a turnaround, including a $1bn savings plan over the next three years. Known as "Drastic Dave" for cost-cutting at other companies, can he revive growth as more consumers drink less alcohol or switch from global brands to local ones? Presenters: Will Bain and Rahul Tandon Producer: Gideon Long (Picture: People drink Guinness at The Devonshire pub in Soho, London. Credit: REUTERS/Hollie Adams)

Reporting from BBC contributed to this story.