just-drinks.com April 19, 2010
Issue 519

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Editorial

Olly Wehring

Prepare the bunting, chill the fizz, it's time to get ready to celebrate.

No, it's not the arrival of the sun here in the UK that we're getting carried away about. Nor is it how pleasantly still it is here in west London - directly under Heathrow's flightpath - thanks to the volcano at (deep breath) Eyjafjallajoekull glacier that's making us feel joyous.

We're all set to make party because the worst economic crisis of recent times is well and truly over.

Don't just take my word for it – take LVMH's.

Last week, the French luxury group's drinks unit, Moet Hennessy, posted an impressive 20% leap in sales for its most recent quarter. The owner of Moet & Chandon Champagne and Hennessy Cognac noted that order renewals for Champagne were flowing in, signifying, surely, that the bad times are behind us now.

Shareholders seemed to agree, with the group enjoying a 3% lift in its share price shortly after the announcement.

Also last week, figures out of Scotland showed that exports of Scotch whisky were up in 2009.

Ah yes. All is right again with the world. Isn't it?

The timing of all this supposedly good news couldn't be better, with the global wine industry set to congregate here in the UK next month for the London International Wine Fair. As usual, just-drinks will be out in force at the event, asking all who'll listen for their opinion on the end of the carnage.

Indeed, we're hosting a seminar looking at how the last 18 months have shaped the wine industry in the UK. Entitled 'State of the Nation', we've got some pretty impressive guests lined up to tell us what they think. If you'd like to hear their – and my – thoughts, click here to book yourself a place.

We need to know how many of these to order, y'see.

And don't forget, we're running our daily diary preview of the fair from 1 May, and we'd love to hear what your company is up to at the event. Send us your news to news@just-drinks.com.

Until next time...

Olly Wehring, Managing Editor

Web: www.just-drinks.com
Email: editor@just-drinks.com

Twitter: just_drinks

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