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B-F Brass Details Next Generation of Growth

FILED DECEMBER 14, 2018 In calendar 2019, Brown-Forman is beginning a new phase as long-time chief Paul Varga steps down, and Lawson Whiting takes on the role. Earlier this week, Lawson gave a preview of the next generation of focus markets, brands, channels and strategies during an investor day presentation.
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How Diageo Improved Performance by Changing its Portfolio Strategy

FILED DECEMBER 13, 2018 In 2018, the makeup of Diageo's portfolio looks significantly different than it did a decade ago. In addition to a number of smaller bolt-on acquisitions or sales, Diageo has: handed off the Cuervo business (which brought in about $482 million in revenue in 2012); jettisoned its entire wine division for $552 million; bought rising star Casamigos for about $1 billion; and the latest big portfolio change came earlier this year when the company announced it was selling 19 brands to Sazerac for $550 million [see WSD 11-12-2018].
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