August 3, 2009
just-drinks.com editor's weekly highlights
U.S. Drinks Conference 2009, Tues./Wed., Oct. 13 and 14 at the Helmsley Park Hotel, New York.
PepsiCo remains locked in a game of cat and mouse with its major bottlers, PepsiAmericas and Pepsi Bottling Group, more than two months after publicly bidding to buy them out.
PepsiAmericas CEO Robert Pohlad said in the group's results conference last week that the bottler "believes it is time to bring any discussions to a conclusion”.
When pressed by analysts, however, Pohlad back-tracked, insisting that PepsiAmericas is not growing "impatient" with the deadlock. Meanwhile, Pepsico has reacted to the cold shoulder from both bottlers with a determinedly philosophical approach. Last month, PepsiCo CEO Indra Nooyi was quoted as saying that a deal is "not critical" to operations.
None of the parties will comment on whether talks have taken place outside of the public spotlight, but the comments from PepsiAmericas suggest that the intrigue will not be allowed to simply fizzle out.
So, who is going to blink first? Several analysts still have their money on PepsiCo to raise its bid, while analyst group Stifel Nicolaus said in a note last week that it still considers a deal to be “most likely”.
We'll keep you posted.
Last week, on just-drinks, we introduced a new way of covering results from drinks companies. In future, you will see the actual numbers being posted on the site as soon as we receive them, with a link through to the official press release. Later the same day, we'll be adding further insights into the company's performance, with details from its webcast or press conference.
Any comments you may have about this approach, as ever, would be gratefully received.
Until next time...
Olly Wehring, Managing Editor
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.
This month, Carolyn Panzer took up the position of corporate social responsibility director at Diageo, expanding her former remit as alcohol and responsibility director to cover all areas of Diageo’s CSR platform. In this month's just the answer, she speaks with Ben Cooper about recent changes to the Diageo Marketing Code, the rationale behind her new role and how she views the challenge ahead.
The UK wine trade is facing a “perfect storm” in the first half of 2009. A formidable array of negative factors have conspired to make life far from easy in the market traditionally touted as the most open and dynamic place to do wine business on the globe. This is the rather gloomy backdrop to just-drinks’ third UK off-trade wine industry survey, in which once again we canvassed the views of the key players on the scene – including major suppliers, retail buyers, UK importers, wine producers and generic associations. Normally published for release at the London International Wine Fair, we thought it would make good reading as a management briefing too.
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