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Spirits company Diageo announces $1B savings plan

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Diageo, which is reportedly the world’s biggest spirits company, unveiled a $1 billion savings plan over three years.

“This new strategy, executing with a new, more agile, competitive and cost-effective operating model, gives us confidence that we can return Diageo to a business consistently creating value for shareholders,” CEO Dave Lewis said in a statement, according to CNBC.

Shares rose on the news, according to the report.

Read more from CNBC.

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