|
| |
just-drinks.com editor's weekly highlights | |
|
Quofore white paper download: Retail Execution for BRIC & Beyond
Consumers may have lost their taste for premium drinks of late in the US and Europe, but their counterparts in Asia continue to lap up high-end whisky and Cognac. Last week, Pernod Ricard reported a widely-expected sales decline for its fiscal half-year, as did Diageo before it. Sales of premium spirits in Asia, however, driven in particular by China, have continued apace for both rivals. Pernod saw sales of Martell rise by 3% for the six months, noting that Chinese consumers continue to quaff higher value expressions of the Cognac, as if the global financial crisis were but a momentary blip. Diageo, meanwhile, has had to airlift into China extra bottles of luxury Johnnie Walker whisky, The John Walker, after a first batch was quickly snaffled by thirsty elites in the country - despite a US$3,000 price tag. just-drinks understands that the drinks giant expects China's premium Scotch whisky market to rise by 8% in value this year. Despite the success, the figures suggest that it will take more than Asia to lift Pernod and Diageo in the second half. After a tough first six months, there is much work to do in the second half... Incidentally, I'm scheduled to meet Pernod's recently-appointed deputy managing director for finance – or CFO, if you'd rather - Gilles Bogaert this week. If you have any questions for the man, drop me a line and I'll pose away. Elsewhere, last week, we took plenty from the Consumer Analyst Group of New York conference in Florida. Click here to see what the likes of SABMiller, Danone and PepsiCo had to say at the event. Our resident beer guru, Larry Nelson, also considered what the most recent sets of brewer's results said about the US beer market, and pondered why beer firms are so eager to go for lighter instead of tastier. Until next time... Olly Wehring, Managing Editor Web: www.just-drinks.com Twitter: just_drinks
The full speaker programme for the 5th World Whiskies Conference now available. Join us in Glasgow 20-21 April. Book on line (with early-bird rates to 26 March) and join the global whisky business summit.
Did you know, in 2008 global Cognac sales fell for the first time in over 10 years? All-new research from just-drinks explains the reason for the fall in sales and through a complete market analysis, details what the future holds for this sector.
|
Focus - CAGNY 2010: Coca-Cola Co targets Latin America's middle class [MEM] The Coca-Cola Co is looking to invest billions of dollars in key Latin American markets to target a growing number of middle class consumers in the region.
The Euromonitor International 2010 industry outlook from just-drinks For the vast majority of the drinks industry, 2010 will be nothing if not challenging. This briefing forms Euromonitor International's take on what will likely face the spirits, wine, beer and soft drinks sectors in 2010 and suggests key trends, companies and brands to watch over the coming months.
|
|
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 2000-2010. All Rights Reserved. | |
February 22, 2010 
