$DEO

India is intensifying food safety raids, suspending operations of local eateries and branded restaurants, while proposing stricter front-of-pack warning labels. This has impacted global consumer giants like PepsiCo, Coca-Cola, Mondelez, Nestle, and Diageo. The Food Safety and Standards Authority of India (FSSAI) has cancelled nearly 8,000 food business licenses in the last three years, with one in five samples tested found to be unsafe or improperly labeled.

Diageo workers at Cameronbridge distillery begin 16-day strikes after failed negotiations. The union accuses the company of not consulting properly on potential job cuts. Diageo says it held 15 meetings and expects no product availability disruption. Around 10 roles are at risk, with alternatives offered.

Apple led The Irish Times' Top 1,000 rankings with €209.3bn revenue and €72bn profit. Microsoft, Meta, and Google followed. Eli Lilly entered the top 10. CRH was the largest indigenous company. Apple and Meta reduced Irish headcounts. Irish corporation taxes surged due to tech profits.

Diageo, the owner of Guinness, continues its turnaround plan under CEO Dave Lewis, aiming to save $1 billion and reduce staff. The company appointed Joanne Wilson as its next CFO, replacing Nik Jhangiani, who had been interim CEO. Wilson is expected to join in 2027 and has experience in the drinks industry. Analysts note that Lewis is adding former Tesco executives to the management team.

Diageo (DGE.L) announced Joanne Wilson will become its CFO in 2027, replacing Nik Jhangiani. Wilson currently serves as CFO at WPP and has held roles at Britvic, Tesco, and KPMG. Jhangiani will assist in the transition. Wilson's appointment is part of Diageo's strategy to accelerate its turnaround and create shareholder value.

WPP CFO Joanne Wilson will leave to become CFO of Diageo. She will stay until a successor is found. WPP's 2026 guidance remains unchanged. Wilson has been WPP's CFO for three years. The company has started searching for a new CFO.

Workers at Diageo's Cameronbridge distillery in Scotland plan to strike from 28 September to 15 October, according to Unite. The strike, involving 100+ employees, is in response to Diageo's plans to cut jobs in Scotland, with 8 of 72 grain-distilling positions at the facility to be cut. Unite expects the strike to halt production.

Diageo's staff at Cameronbridge distillery will strike from 28 September to 15 October, according to Unite union. The union claims Diageo plans to cut hundreds of jobs in Scotland, including dozens at Cameronbridge. Diageo aims to save $1bn over three years and cut 305 jobs in New York.

Kenya approved Asahi Group's $2.3B acquisition of Diageo's 65% stake in East African Breweries Limited, with conditions to maintain market competition and supply continuity. The deal faced legal challenges but was finalized after regulatory approval. According to Diageo, the sale is part of its strategy to exit the African market.

The Scotch Whisky Association (SWA), representing 90 companies like Diageo, opposes English whisky's protected status, citing inconsistent rules. SWA argues this could undermine Scotch whisky's reputation. England has over 70 distilleries, with supporters defending the decision, citing no economic impact and quality awards. Politicians urge cooperation between the industries.