just The Preview - Diageo Q1
Diageo is to release a Q1 trading statement on Wednesday (17 October)
Diageo releases a Q1 trading statement on Wednesday (17 October). Below, we take a look at the highs and lows for the company in the three months to the end of September.
- The quarter started, appropriately enough, with the dawn of a new era for Diageo. The UK-based company launched its first baijiu brand in the UK, hoping that the Chinese white spirit can eventually be regarded in Europe in the same way as other categories such as vodka and whisky.
- A survey released in August showed that Diageo brand Smirnoff vodka was still the top dog in the international spirits world. The annual IWSR chart also had Diageo's Johnnie Walker whisky at number three and Captain Morgan rum in sixth.
- At the start of September, Diageo announced it had started looking for a site to host a new Scotch distillery. The company announced a big investment in Scotch back in June to capture growing demand in emerging markets.
- Some black fungus in Kentucky held the possibility of a fine for Diageo in September. Residents near the company's Bourbon warehouses in the US blamed Diageo for the fungus's accumulation on their houses, though Diageo said the build-up was natural and not harmful.
- The Jose Cuervo saga rolled on, with further speculation over the fate of the Mexican brand once Diageo's distribution deal runs out next year. In a press conference, Diageo CEO Paul Walsh tried to quell the rumours, though it appears journalists aren't listening. Others just wish the whole thing would go away.
- The quarter ended with a conclusion, of sorts, to another long-running episode. On 25 September Diageo confirmed it was in talks with India's UB Group over taking a stake in United Spirits. The two ended previous talks in 2009, though commentators seemed sure that this time the outcome will be more positive for Diageo.
Reports today claiming that Diageo's public offer to up its stake in United Spirits is doomed to failure should be taken in some sort of context....
In the second part of this analysis of the European Union's review of its strategy to combat alcohol harm across the region, EurActiv details the issues that have to be considered....
The third and final part of EurActiv's analysis of the European Union's alcohol harm reduction strategy focuses on the different positions being taken on different issues in different regions....
Drinks companies stand to benefit as the global travel retail market continues to expand, buoyed by millions of new passengers from developing economies, according to a new just-drinks/IWSR report....
- Why Chinese beverages won't conquer the world
- Can Coca-Cola fuel SABMiller's soft drinks story?
- Is “Craft” the Next Big Thing for Soft Drinks?
- Petropolis Finally Moving into SABMiller's View?
- Gin: Plymouth's from Plymouth, London's from...?
- Diageo confirms Australia abv drops
- Pernod launches online Ballantine's "experiment"
- Global vodka sales slip in 2013 - research
- SABMiller returns to Brazil with Petropolis tie-up
- Smirnoff tops UK shopping list - figures
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Early Signals: future scenarios that will drive consumption and product innovation over the next five years
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018