FILED DECEMBER 14, 2018In 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.
FILED DECEMBER 13, 2018In 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].
