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Diageo to merge London offices

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Diageo to merge London offices

Postby Rob Allanson » Mon Mar 23, 2009 3:14 pm

Global drinks company Diageo is expected to close one of its London offices by the end of this year as part of a major restructuring plan.
The scheme, which looks set to involve redundancies, is to take into account the drinks giants operations worldwide in a bid to create £100 million savings this year.
A spokesperson said: "At Diageo's half year results, we announced our intention to implement a restructuring plan in the second half of our financial year. This restructuring plan will create anticipated full year savings of £100 million. The savings will come from costs of goods sold and overheads - which include running costs, facilities and employees - and contributions to these savings will come from most parts of the business around the world.
"As part of this plan, Diageo is currently consulting with its London based staff on a proposal to move to a single London operation, based in our existing purpose built office in Park Royal. This would result in the closure of the Henrietta Place office by the end of 2009."
Rob Allanson
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Re: Diageo to sell London office

Postby malthead » Mon Mar 23, 2009 4:19 pm

slightly misleading headline but a worrying insight into the state of the world of whisky just now. I believe that the lease for the Henrietta office is up for renewal in 2010 so they will not be renewing their lease, they do not own the building so they can not sell it.

http://www.malthead.blogspot.com
malthead
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Re: Diageo to sell London office

Postby Rob Allanson » Mon Mar 23, 2009 4:30 pm

malthead wrote:slightly misleading headline but a worrying insight into the state of the world of whisky just now. I believe that the lease for the Henrietta office is up for renewal in 2010 so they will not be renewing their lease, they do not own the building so they can not sell it.

http://www.malthead.blogspot.com


sorted.... apologies for any confusion
Rob Allanson
Editor
 
Posts: 445
Joined: Thu Aug 24, 2006 2:30 pm
Location: Norfolk, UK

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