21世纪经济报道肖夏 2026年1月1日，酒业巨头帝亚吉欧正式迎来了新任CEO。 新任CEO戴夫·刘易斯（Dave Lewis）年满60，去年11月获得帝亚吉欧董事会任命。 去年7月，帝亚吉欧史上首位女性CEO黛博拉·克鲁（Debra Crew）在任仅两年后宣布离职，首席财务官Nik Jhangiani临时肩负起CEO职务，直到董事会请来 的"外援"正式到位。 戴夫·刘易斯曾在联合利华工作长达27年，后担任乐购（Tesco）CEO超过6年，绰号"铁腕戴夫（Drastic Dave）"，原因是他在联合利华、乐购期间，大刀阔 斧采取裁员、收缩业务、出售资产等举措迅速控制成本，从而扭转经营形势。 （帝亚吉欧新任CEO Dave Lewis今年1月1日正式上任） 当前的帝亚吉欧，正需要一位新帅掌舵，来抵挡席卷全球酒业的下行压力。 前两年刚创下新高的帝亚吉欧，近年已经感受到寒意——2025财年（2024年7月至2025年6月）虽然净销售额保持在超过200亿美元的相对高位，但其净利润 同比大幅下滑39.1%。2026财年一季度（即2025年三季度），帝亚吉欧净销售额同比下滑2.2%，美国市场持续疲软和中国市场白酒等业务下 ...

新任CEO戴夫.刘易斯(Dave Lewis)年满60，去年11月获得帝亚吉欧董事会任命。 去年7月，帝亚吉欧史上首位女性CEO黛博拉.克鲁(Debra Crew)在任仅两年后宣布离职，首席财务官Nik Jhangiani临时肩负起CEO职务，直到董事会请来 的"外援"正式到位。 戴夫.刘易斯曾在联合利华工作长达27年，后担任乐购(Tesco)CEO超过6年，绰号"铁腕戴夫(Drastic Dave)"，原因是他在联合利华、乐购期间，大刀阔斧采取 裁员、收缩业务、出售资产等举措迅速控制成本，从而扭转经营形势。 (帝亚吉欧新任CEO Dave Lewis今年1月1日正式上任) 21世纪经济报道肖夏 2026年1月1日，酒业巨头帝亚吉欧正式迎来了新任CEO。 当前的帝亚吉欧，正需要一位新帅掌舵，来抵挡席卷全球酒业的下行压力。 前两年刚创下新高的帝亚吉欧，近年已经感受到寒意——2025财年(2024年7月至2025年6月)虽然净销售额保持在超过200亿美元的相对高位，但其净利润同 比大幅下滑39.1%。2026财年一季度(即2025年三季度)，帝亚吉欧净销售额同比下滑2.2%，美国市场持续疲软和中国市场白酒等业务下 ...

丨证券研究报告丨 行业研究丨专题报告丨食品、饮料与烟草 [Table_Title] 解码威士忌系列报告二：透过进口数据，拆解中 国威士忌发展趋势 报告要点 [Table_Summary] 纵观近十年，中国进口威士忌实现了量价齐升，苏威、日威逐步培养起国内消费者对威士忌产 品的认知。2025 年，中国威士忌进口量首次超过白兰地进口量，问鼎进口烈酒新王。本文通过 分析烈酒进口数据，探索进口威士忌量、价、结构的变化，梳理威士忌发展脉络。 分析师及联系人 [Table_Author] research.95579.com 1 食品、饮料与烟草 cjzqdt11111 [Table_Title 解码威士忌系列报告二：透过进口数据，拆解中 2] 国威士忌发展趋势 董思远 冯萱 SAC：S0490517070016 SAC：S0490524060001 SFC：BQK487 请阅读最后评级说明和重要声明 %% %% %% %% [Table_Summary2] 中国进口威士忌十年间实现量价齐升 纵观近十年，中国进口威士忌实现了量价齐升。2024 年中国威士忌进口金额达到 451.43 百万 美元，对比 2015 年增长 2 ...

Core Viewpoint - Diageo has appointed Dave Lewis, former CEO of Tesco, as its new CEO effective January 1, aiming to restore sales growth after facing criticism from shareholders due to poor performance and a prolonged CEO search [1][2]. Group 1: Leadership Change - Dave Lewis will take over as CEO on January 1, succeeding the previous leadership amid shareholder criticism [1]. - Following the announcement, Diageo's stock price surged by 7% during early trading in London [1]. - Lewis has a notable background, having led Tesco from 2014 to 2020 and previously working at Unilever for nearly 30 years [1]. Group 2: Company Performance - Diageo has faced challenges, including a profit warning that caused its stock to drop to a 10-year low [1]. - The company is under pressure to improve its performance and restore sales growth [2]. Group 3: Leadership Experience - Diageo's chairman, John Manzoni, emphasized Lewis's extensive CEO experience and proven leadership skills in building and marketing leading global brands [1]. - Lewis earned the nickname "Dave the Iron Fist" during his tenure at Unilever, known for cost-cutting and transformation efforts [1]. - At Tesco, he successfully repositioned the company as a leading supermarket group in the UK through significant price reductions and a focus on core operations [1]. Group 4: Compensation - Dave Lewis will receive an annual salary of £1.5 million in his new role at Diageo [2].

Core Viewpoint - Diageo has appointed Dave Lewis, former CEO of Tesco, as its new CEO effective January 1, aiming to restore sales growth after facing criticism from shareholders due to poor performance and a prolonged search for leadership [1][2]. Group 1: Leadership Appointment - Dave Lewis will take over as CEO of Diageo on January 1, succeeding the previous leadership amid shareholder criticism [1]. - Following the announcement, Diageo's stock price surged by 7% during early trading in London [1]. - Lewis previously led Tesco from 2014 to 2020 and has nearly 30 years of experience at Unilever [1]. Group 2: Company Performance and Challenges - Diageo has faced challenges, including a profit warning that led to its stock price hitting a 10-year low [1]. - The company has been criticized by shareholders for its poor performance and the lengthy process of finding a new CEO [1]. Group 3: Leadership Experience and Strategy - Diageo's chairman, John Manzoni, emphasized Lewis's extensive CEO experience and proven leadership skills in building and marketing leading global brands [1]. - Lewis earned the nickname "Dave the Iron Fist" during his 27 years at Unilever, known for cost-cutting and transformation efforts [1]. - At Tesco, he successfully refocused the company on its core UK business through significant price reductions, employee layoffs, and the sale of international operations [1]. Group 4: Compensation - Dave Lewis will receive an annual salary of £1.5 million in his new role at Diageo [2].

Market Overview - US stock index futures are all up, with Dow futures rising by 0.45%, S&P 500 futures up by 0.95%, and Nasdaq futures increasing by 1.49% [1] - European indices also show positive movement, with Germany's DAX up by 1.96%, UK's FTSE 100 up by 1.01%, France's CAC 40 up by 1.48%, and the Euro Stoxx 50 up by 1.85% [2] Oil Prices - WTI crude oil is up by 0.17%, priced at $59.85 per barrel, while Brent crude oil is also up by 0.17%, priced at $63.74 per barrel [2][3] Government Shutdown and Economic Impact - A proposal to reopen the US government is gaining support among moderate Democratic senators, which would fund several departments until the end of the fiscal year [4] - Historical precedents suggest that once the government reopens, there will be a backlog of economic data releases, potentially impacting market sentiment [4] - Analysts from Morgan Stanley and UBS express that strong corporate earnings could support US stock market growth in 2026 despite short-term risks from interest rate uncertainties [4] Employment Data Insights - The absence of the non-farm payroll report due to the government shutdown has left a gap in employment data, but ADP reported a rebound in private sector employment, adding 42,000 jobs in October [5] - The three-month average growth in private sector employment remains at 29,000 jobs, with the unemployment rate at 4.32% [5] Japanese Market Trends - Goldman Sachs reports a 30% surge in the Nikkei index, attracting significant US investment, particularly in technology and AI sectors, marking the fastest inflow of US funds since the "Abenomics" era [6] Market Volatility - The volatility index for S&P 500 options has risen, indicating increased market pressure and investor caution following a month of turbulence [7] Company Earnings Reports - Barrick Mining reported Q3 revenue of $4.15 billion, a 23.1% increase year-over-year, but slightly below expectations [8] - Beike's Q3 net profit decreased by 36.1% to 747 million yuan, with total transaction volume remaining stable year-over-year [9] - Pfizer completed a $10 billion acquisition of Metsera, marking its entry into the weight-loss drug market [10] Semiconductor Industry Concerns - TSMC's October revenue growth slowed to 16.9%, the lowest in over a year and a half, raising concerns about a potential AI market bubble [11] Leadership Changes - Diageo appointed Dave Lewis as CEO, aiming to revitalize its core spirits business amid challenging market conditions [12]

Core Viewpoint - Diageo Plc appoints Dave Lewis as the new CEO, aiming to revitalize its core spirits business after a period of turmoil, which has led to a significant drop in sales and profit expectations [1][4] Group 1: Leadership Change - Dave Lewis, known for his turnaround expertise at Tesco, will officially take over as CEO on January 1 [1][2] - Lewis is recognized for his ability to restore profitability and sales during his tenure at Tesco, earning him the nickname "Drastic Dave" [2][3] - The appointment is seen as a positive signal to investors, indicating a commitment to serious restructuring and strategic adjustments [4] Group 2: Market Reaction - Following the announcement, Diageo's stock surged by 7.9%, marking its largest increase in five years, reflecting market optimism about Lewis's leadership [1] - Year-to-date, Diageo's stock has declined approximately 32%, highlighting the challenges faced by the company prior to this leadership change [1] Group 3: Strategic Focus - Analysts suggest that Lewis's role will involve setting achievable growth targets, strengthening core brands, and offering a range of products across different price points [3] - The company has acknowledged the severity of its issues and is committed to a comprehensive overhaul to restore market confidence [4]