business / news / / MarketScreener
Diageo's new CEO Dave Lewis has caught an early break.
Merger talks between Pernod Ricard and Brown-Forman have officially collapsed, reducing immediate competitive threats.
KEY POINTS
- Diageo lacks financial capacity for major acquisitions like Brown-Forman due to high net debt levels.
- Dave Lewis, Diageo's new CEO, is signaling a pivot to cheaper spirits and overhauling customer service.
- Sazerac's potential Brown-Forman acquisition could give it 40% of the U.S. whiskey market.
COMPANIES
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