Diageo, the London-based drinks group behind Guinness, Johnnie Walker and Smirnoff, is pursuing a 1bn savings drive under CEO Dave Lewis to revive profits.
Diageo has announced a broad restructuring to cut costs and boost profits, targeting roughly $1.0 billion in cost savings this year and a further $0.15 billion in supply-chain savings. The plan follows a year of weaker North American sales and a dividend reduction, with shares rising on the news.
A Landseer Highland painting titled Scene in Braemar has sold for £5,946,000 at Sotheby’s, far surpassing pre-sale estimates of up to £4 million. The work, depicting a 12-point stag on a Scottish peak, is larger than Landseer’s Monarch of the Glen and connected to Victorian networks and Scottish tourism. The sale highlights the Highlands’ enduring appeal and the art market’s appetite for historic wildlife scenes.