Stout brand rooted in Dublin’s St. James’s Gate, now Diageo-owned and globally brewed
Diageo has announced a multi-pronged turnaround plan led by Dave Lewis, including capital investment to boost Guinness production, expansion of RTD brands, and aggressive cost cuts. The group expects significant restructuring costs and thousands of job losses as it shifts to a more agile operating model and aims to return to profit growth in the coming years.
Harvey Nichols has been put up for sale and is undergoing a turnaround led by Frasers Group. The six-storefront estate, including Edinburgh’s flagship, will continue operating while a broader restructuring is pursued, with potential integration of Flannels and the wider Frasers luxury ecosystem.
VitHit founder Gary Lavin is stepping down as the health drinks brand is acquired by Nichols, which plans to accelerate growth across its distribution network. VitHit generated €26.5m in revenue last year with €4.1m in underlying profits before the sale.
A photographer in Brighton has captured a calm, minimalist beach scene moments before it changes with the movement of a lifeguard shelter. The shot reflects the tension between everyday leisure and the pursuit of composed, peaceful imagery, with the photographer using mobile editing to enhance colours.