Diageo eyes $90 mln annual savings in supply review
LONDON, March 11
LONDON, March 11 (Reuters) - Diageo, the world's biggest spirits group, said on Monday it was targeting annual cost savings of 60 million pounds ($90 million) through a review of its global supply operations.
The firm said responsibility for local operations will be transferred to 21 key markets and regional structures will be reduced.
It said the savings are expected to be achieved in three years at an overall cost of about 100 million pounds.