Vodka brand owned by Diageo, with origins in Moscow
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.
Ralph Lauren has delivered better-than-expected earnings and revenue, pushing shares higher. CEO Patrice Louvet has steered the brand toward growth through brand elevation, new product lines, and a focus on full-price selling in key markets.
A debate over England's new geographic indication status for whisky has sparked cross-border disputes among industry groups. English distillers argue the new rules allow site flexibility, while Scottish producers warn the change could damage the single-malt reputation. The government has defended the policy as a national development.