Diageo Restructures Wine Unit

Dear Client: Diageo has confirmed it is restructuring its US wine operations, complete with job cuts and other "fundamental changes," to make it a more nimble company. That includes possibly selling some non-core brands but nothing is final so far. Diageo Chateau & Estate wines (DC&E) expects to lay off about 14%, or 93, of their 650 employees. In a statement to WSD, Diageo said this "will enable our wine team to focus resources on our core strategic brands and