LSE:DGEBeverage
Diageo Plant Closure And Dividend Cut Test Cash And Brand Priorities
Diageo (LSE:DGE) has closed its Crown Royal whisky plant in Amherstburg, Ontario, resulting in over 200 job losses with limited notice to staff.
Production for Crown Royal is shifting to facilities in the US following the Amherstburg shutdown.
The company has cut its interim dividend by around half after reporting disappointing results.
Diageo is facing pressure in agave spirits, with weaker sales and a lawsuit challenging the authenticity of Casamigos and Don Julio.
Diageo (LSE:DGE) sits...