May 12, 2008
just-drinks.com editor's weekly highlights
BALTIKA Breweries is one of the major brewing enterprises in Europe with production capacity over 49.5 MHL. The Company owns over 35 beer brands on sale. More than 70% of Russian beer export is produced by BALTIKA Breweries.
The slew of quarterly results just kept coming last week. Most noticeable among the big boys was InBev, who had what one analyst described as “a nightmare quarter”. For all the talk of the potential offered by the BRIC markets, the brewer saw volumes in the quarter slip in three of them, the only exception being India. EBITDA margin, meanwhile, fell for what the same analyst suggests is the first time in Inbev's history.
With Brazil being one of those three struggling BRIC markets, the timing of my visit, courtesy of InBev, to the country this week looks like particularly cruel timing.
I'll probe the best I can.
Elsewhere on the site last week, we reported a surprise announcement by Diageo regarding its plans for Ireland, home of its iconic Guinness beer brand. All the talk in recent months had suggested that the company would sell off its Dublin brewery, located as it is in the heart of the city. The consensus is that Diageo is sitting on a real estate goldmine in the St James's Gate site, so to see the company go against the commentators' theories was certainly eyebrow-raising.
No sooner do I get back from Brazil, than we're off to the London International Wine Fair & Distil, from 20-22 May. As usual, we've been running our daily diary of what to expect at the fair, and we'll also be there in force too. To get your announcements into the diary and also to invite me to see yourselves and your wares, email email@example.com
Apparently it's autumn in Rio, so don't expect too much of a tan.
Until next time...
Olly Wehring, Managing Editor
Just in case you’ve not got round to booking a round-the-world business trip, taking in the best wine producing regions of France, Italy, Spain, Australia, Germany, the US, South Africa, Portugal, Chile, Argentina, New Zealand and roughly 25 other producing countries…. We’ll bring them to you, in London, and for three days.
Beam Global Spirits & Wine was the frontrunner to land Absolut vodka but was pipped at the post by Pernod Ricard. However, president and CEO Tom Flocco says the company has quickly put that disappointment behind it. Indeed, he spoke with Olly Wehring on the day that Pernod Ricard announced its acquisition of Absolut, and outlined what now lies ahead for Beam.
The drinks market in the Middle East continues to increase on the back of population growth, economic development, improvements in distribution and retail, and more aggressive advertising campaigns. But like much of the rest of the world, younger and better educated market segments within the region are shifting away from carbonated soft drinks (CSD) towards fruit juices and bottled water as people become increasingly health-conscious, according to independent industry analysts and the drinks sector. This month's briefing takes a look at the Middle Eastern beverage market, with chapters focusing on United Arab Emirates, Jordan, Syria, Lebanon and Israel.
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