By: Olly Wehring
The just-drinks leader, written by the just-drinks leader.
One of the things I noticed quite early into my career covering drinks was just how many so-called 'industry veterans' there are. One of my regular lines quickly became that people seldom leave our industry, presumably because it's so much fun.
Earlier this month, after Kohlberg Kravis Roberts & Co and Rhone Capital tabled a joint-bid for Treasury Wine Estates that prompted the wine company to open its books, I posited that the move would not trigger a bidding war.
The struggles go on for Carlsberg who, in its half-year results yesterday, indicated that things in Russia – where it is market leader – look set to get worse before they get better.
Late last week, Pernod Ricard's Chivas Brothers division launched an online campaign with its Ballantine's Scotch whisky brand to create a whisky emoji.
With Kohlberg Kravis Roberts & Co returning to Melbourne with an improved offer for Treasury Wine Estates, and the Australian wine company not slamming the door this time, the future for Treasury looks pretty sealed down.
The news this week that Krzysztof Trylinski is stepping down at Belvedere brings the curtain down on a professional chapter that has been nothing if not colourful.
Changing a company's name – or a brand's name, for that matter – is a dangerous game. But, in this Search Engine Optimisation age, sometimes the need to change is so great that the risk has to be taken.
Finally, after almost 20 months, Diageo has got what it initially wanted in India. The company today (2 July) confirmed it now holds the majority of shares in United Spirits. This achievement, however, has cost way more than Diageo initially expected; to the tune of around US$1bn.
If this year's Silly Season needs a start date, I'd say it is 27 June. The annual silent period that sees newspapers scrabbling around with space to fill began at the end of last week.
I'll admit to being a little perplexed following the latest announcement by Diageo: Not so much by the announcement itself, but more by its timing.
Whenever you give a business journalist the opportunity to ask a senior drinks executive – particularly one who works in spirits – a question, you can be pretty certain this will be that question:
At Pernod Ricard's Capital Markets Day, held at the Jameson distillery in Midleton, Ireland, today (4 June), it was all about Jameson.
I am en-route to Cork this morning, to attend Pernod Ricard's annual Capital Markets Day. Tomorrow, I will join a wealth of analysts at a series of presentations by the company's leadership team.
Today (2 June) is the opening day of the London Wine Fair. After more than a year in redevelopment, the former London International Wine Fair has refocused its efforts and moved its location.
The decision this week by UK-based charity Comic Relief to pull its investments in alcohol companies looks like one that has been taken to calm a perceived braying mob.
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- SABMiller exec to become CFO at Beam Suntory
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- Champagne will not regain lost ground until 2018
- Bacardi announces CFO switch