What's next for Guinness owner Diageo?
Episode 18 min 1s

What's next for Guinness owner Diageo?

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)

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