January 28, 2008
just-drinks.com editor's weekly highlights
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Could this really be the end of it? Carlsberg and Heineken, naturally, are pretty hopeful that their announcement late last week that Scottish & Newcastle has recommended their takeover bid marks a finale to this fascinating, colourful – and sometimes downright hostile – saga. It’s certainly kept us gripped, and we hope you’ve found it equally intriguing.
At two separate press conferences in London on Friday (25 January), Carlsberg and Heineken detailed their plans for the UK brewer, should their GBP8.00 per share offer win the approval of its shareholders. We’ll have an analysis of those plans for you in a matter of minutes today, so watch this space.
Meanwhile, the Scottish & Newcastle board can breathe a sigh of satisfaction at how they have handled the European consortium. From an initial offer of GBP7.20 per share, the execs have played hardball on three occasions, facing down shareholders who, of occasion, got itchy feet. We’ve been in almost daily contact with S&N over the last few months and, although they’d probably deny it, I can’t help thinking they had a few squeaky bum moments throughout the process.
In spite of that, who’d want to play poker against a S&N employee? Least of all CEO John Dunsmore, what with his prospective windfall on the horizon?
We’ll keep you posted on when the fat lady stands up to sing, though, as there’s no telling what else this story could throw up in the coming days.
Features-wise last week, we considered the potential impact of turbulent stock markets on the drinks industry. This is a huge issue that concerns us all in many ways. Does premiumisation have a future, or is there a rebirth for ‘cheap and cheerful’ on the cards? One area that could feel the pinch worse than most is the cocktail sector, which we also looked at last week.
The top ten stories of last week on the site are reviewed here. If you’re not on it, then you’re not in it. Here to inform, that’s us.
Until next time...
Olly Wehring, Managing Editor
Launched in 2003, Golden Kaan is one of the fastest growing premium South African wine brands with more than 13million bottles sold worldwide. Golden Kaan’s award winning wines were crafted by two highly respected and innovative wine partners: KWV and Racke. The result is a Great Wine from a Great Continent.
Join key industry leaders at the 3rd World Whiskies Conference - the global whisky business summit. Enjoy unrivalled whisky expertise and grow your business at the Radisson SAS, Glasgow, 15-16 April 2008.
Warnings of a looming economic crisis are causing jitters in many consumer markets, and the drinks industry is no exception. Chris Losh assesses the mood among key players in the US, the UK and elsewhere.
The beginning of a new year once again sees the publication of the Euromonitor International industry review from just-drinks. The briefing takes stock of the current state of play in the spirits, beer, wine and soft drinks sectors, and looks ahead to what promises to be an exciting and busy year across all four categories. The report discusses the key trends for each sector, companies to watch, and the brands set to lead the market in 2008.
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