just-drinks.com May 10, 2010
Issue 522

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Editorial

Olly Wehring

The news last week that Anheuser-Busch Inbev had seen its first quarter sales rise slightly was followed later in the week by Diageo saying its sales in the three-month period had also improved.

While there will undoubtedly be some in our industry who will begrudge such behemoths posting positive results, only their most ardent opponents would view the numbers in any other way than "a good thing" for the broader industry, especially after the last 18 months we have all had.

Of note in both sets of results, however, is the drag on performance provided by mature markets. A-B InBev credited Brazil with driving its overall business in the quarter, while Diageo's CEO warned of the fragile nature of the recovery in the more established markets.

Research from Datamonitor, also released last week, served to highlight how consumers in Western Europe and the US are drinking nowadays. UK alcohol consumers are going for quality and not quantity on the (rare) occasions that they venture out of the house, the research noted. Although they stick to their favourite brands, regardless of price, they drink less of them, preferring to trade down when they are at home.

These aren't the sturdiest of times it would appear.

We are fast heading into trade fair season this month. Last week, we previewed the Tax Free World Association Exhibition in Singapore, which opened yesterday (9 May). Meanwhile, our London International Wine Fair daily diary continues apace ahead of next week's show.

As usual, we shall be there in force, so if you would like us to come and say hello or if you would like your company to appear in the diary email us at news@just-drinks.com.

Until next time...

Olly Wehring, Managing Editor

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

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Focus - TFWA Asia Pacific 2010 Preview [MEM]

Exhibitors and visitors to the Tax Free World Association (TFWA) Asia Pacific show in Singapore, which opens this Sunday (9 May), have good reason to be optimistic. The Asian duty-free business has rebounded quickly from last year’s global economic downturn. Joe Bates considers the current state of the travel retail sector in the region, ahead of next week's show.

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