Diageo Supply Reorganization Will Save 60 Million Pounds a Year

Diageo Plc (DGE) said a reorganization at its supply and procurement operation will lead to savings of 60 million pounds ($89.6 million) a year within three years.

The reorganization will cost about 100 million pounds, the London-based distiller said in a statement today. Responsibility for local operations will be transferred to the company’s key markets as Diageo reduces regional structures, it said.

To contact the reporter on this story: Celeste Perri in Amsterdam at cperri@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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