August 28, 2007
just-drinks.com editor's weekly highlights
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The sorry demise of Evans & Tate last week looked like the final nail in the Australian company's coffin.
While the troubled situation down under for wine makers is well-documented, the long-running saga of E&T's hunt for help has been the most physical sign of just how tough things are in the country.
Having made the move into voluntary receivership last week, quite what the future holds for E&T is difficult to predict. The receivers themselves are quite confident they can find a buyer, with a spokesperson for McGrath Nichol telling just-drinks that the company will "internationally advertise both in Australia and off-shore, including the west coast of America".
One bright ray of sunshine for E&T came at the end of last week, when McWilliam's Wines confirmed that they will be handling distribution of E&T's branded wines in Australia. Also, with Pendulum Capital , who was part of a consortium whose rescue package for E&T failed last week, saying it is still interested in buying the firm, the future for E&T may still not be as bleak for the company as initially feared.
Quite how the future looks for some of the Australian wine grape growers, who are owed hundreds of thousands of dollars by E&T may be more of a worry, however...
We certainly hope not.
Until next time...
Olly Wehring, Managing Editor
Anti-social behaviour linked to alcohol abuse has once again grabbed the headlines in the UK. But Chris Losh believes that while the industry has made great strides with regard to social responsibility, the Government has been more focused on courting public opinion than on finding long-term solutions to serious health and social problems.
Offering a whole report for download as a briefing naturally proved popular last August, so we thought we'd offer our subscribers another opportunity to sample one of just-drinks' global market research reports. This month we are providing the 2005 edition of our Global market review of functional soft drinks - forecasts to 2010. This takes the place of a management briefing - we hope you find it interesting and informative. If you like what you read and would like to find out more about just-drinks' latest reports, feel free to drop Holly an email at email@example.com
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