June 1, 2009
just-drinks.com editor's weekly highlights
Did you know? New world wine has continued to gain share in the global wine market, from 26.4% in 2006 to 27.6% in 2007. By 2012, new world wine will grow its share to just under 30% of all international trade.
Last week saw just-drinks descend on Paris for a catch-up with Pernod Ricard. Absolut Vodka, global recession and emerging markets dominated the agenda, with the group asserting that its fourth quarter sales are likely to be a little easier on the eye than the third quarter.
Many markets, however, remain tough and destocking has continued in the US, the group said. Outgoing chief financial officer Emmanuel Babeau told just-drinks that travel retail operations have been worst hit by the global economic gloom.
Among other highlights from the conference were Pernod's plans for a new global push on Absolut and CEO Pierre Pringuet's comments on the growing importance of emerging markets, such as China, Brazil, Russia and India - the so-called BRIC nations. Look out for coverage on just-drinks from today.
We also expect Pernod to announce further disposals of peripheral businesses over the medium term. Speculation last week focused on Spanish wine operations, but officials would not be drawn.
Elsewhere on the news front, Cobra Beer has announced a joint venture deal with Molson Coors. Also in the UK beer sector, Heineken has bought up discounted debt from its UK pub management co, Globe Pub Co.
In the US, is Pepsi Bottling Group edging closer to civil war over the takeover bid from PepsiCo?
Until next time...
Olly Wehring, Managing Editor
Did you know? The top three spirits categories are: Chinese spirits (607m cases, 27% global share), vodka (501m cases, 22.3% share) and shochu/soju (255.6m cases, 11.4% share).
Brazil’s economy has been affected by the global financial crisis but Simon Maddrell of Euromonitor International believes the country’s soft drinks sector is in good shape to withstand the downturn, thanks to solid consumer confidence and the swift remedial economic policies adopted by the Government.
This month's briefing is the latest edition of The Power 100 – the world’s most powerful spirits and wine brands 2009. Now in its fourth year, The Power 100 highlights the key issues and trends in the spirits and wine industry. It also identifies which brands are increasing their equity using a unique measure defined by measuring brand score and volume data. Produced by our partner Intangible Business, we once again present this comprehensive round-up of who's where in the league tables of drinks brand power.
We currently deliver just-drinks newsletters to: ##EMAIL##
To unsubscribe from this newsletter immediately click here.
To review, amend or unsubscribe from your current newsletters click here.
© just-drinks.com 2000-2009. All Rights Reserved.