March 15, 2010
just-drinks.com editor's weekly highlights
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The continuing slide in beer sales in the US will not stop until more people are back in work - that has been the message since the turn of the year from industry leaders Anheuser-Busch InBev and MillerCoors.
"Until the economy shows some money in the pocket of our key beer drinkers, we've got a challenge," said MillerCoors CEO Leo Kiely in the group's full-year results conference call last month.
And yet, small-time craft brewers continue to report figures that are apparently untouched by the general market malaise. According to figures announced last week, sales of craft beer in the country rose by 7% in volume and 10% in value in 2009. That compares pretty favourably to 2% volume sales falls for A-B InBev and MillerCoors over the same period.
Granted, craft beers are working off a much smaller base and only constitute 4% of US beer market volume. But, looking at the disparity between the sales figures for 2009, is it really only the economy that is holding back the heavyweights?
We stuck with beer in our features section last week, turning our spotlight to the potential Asia continues to offer the larger brewers.
We also got to sit down with the recently-appointed CFO of Pernod Ricard late last month, the fruits of which can be read here.
On a personal note, this is my final weekly missive for a couple of weeks, as I head to India on Saturday for a fortnight. On honeymoon. Yes, 'tis true, my wandering days finally come to an end this Friday, when I say 'I do' in the most formal capacity possible. But, single ladies, this is no time for tears – more, this is one of those times when the quantity in the pool drops, but the quality rises.
See you all in April.
Until next time...
Olly Wehring, Managing Editor
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Late last month, Gilles Bogaert, the recently-appointed managing director of finance - CFO, if you will - for Pernod Ricard came to the UK to look over the company's most recent set of figures. While in the country, Olly Wehring took the opportunity to grill Bogaert about the last six months for Pernod, how the downturn has affected the company, and what Pernod would do if - when? - the bargains come knocking.
The Italian wine market has seen its fair share of troubles over the decades, but connoisseurs the around the world still consider Italian wine to be top of the line. just-drinks here investigates the latest developments in the rapidly evolving Italian wine market, from Italy’s falling domestic consumption, growing interest in wine tourism, new viticulture technologies, and increasing opportunities to sell wines online. This briefing gives an in-depth assessment of the Italian wine industry, its future and potential looming pitfalls.
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