AUSTRALIA: Could Australian wine be ready for globalisation?
Mildara's parent company Fosters bought Beringer in California for $2.6bn earlier
this year in a deal widely seen as shifting the direction of Australia's largest
beer and wine group.
According to Mildara the Americans at the Wine Australia 2000 exhibition in
Melbourne this week have been raving about the deal but the Australians have
yet to be convinced that Mildara, and Fosters, are heading in the right direction.
"Speaking to the Americans they think it is the greatest marriage of wine
companies ever to happen but in Australia opinion has not been quite so strong,"
wine communication manager George Samios told just-drinks.
"I think people don't understand the fit yet so we have been getting a
lot of questions asked about the deal although we still don't know how it will
work out. But on paper it looks good.
"Brand Australia in the wine industry is so strong now and if everyone
gets on that wagon the quicker it will go. The bigger wine companies have to
be the ones to
lead the globalisation of Australian wines."
Both Cranswick and BRL Hardy are looking at US acquisitions and Mildara believes
that the more Australians in America the stronger they will all be. But despite
having pulled off one of the great wine industry deals this year the company
has also been working to develop its own portfolio.
Mildara Blass launched a new wine called etc. at Wine Australia 2000. It is
a 1999 Chardonnay that is being targeted at the hip young 20 - 35 year old market.
The wine comes in a heavily designed orange bottle and Samios says he expects
it to become a favourite at barbies and cafes.
Etc. is similar in concept to Hardy's Wicked Wines but Mildara has no plans
at this stage to launch etc. internationally.
Mildara has also put considerable effort behind pushing Wolf Blass and will
be launching TV ads next year.
Another wine brand that has seen heavy promotion is the Greg Norman range. Norman took time out from the Australian Open last week to appear at Mildara's stand at Wine Australia 2000 to promote the wine. Mildara says it has no plans at this stage to offer other celebrity endorsed products.
- Job cuts not the whole story at AB InBev - Comment
- Diageo's smart Seedlip sustainability move
- The decline of the flagship beer brand - Comment
- Craft spirits shake-out will be just the beginning
- Pernod Ricard Q4/FY 2016 results - Preview
- AB InBev to cull 5,500 jobs after SABMiller buy
- Diageo revamps Gordon's gin bottle in UK
- CEO Paul Schaafsma set to leave Accolade Wines
- Heineken unveils new mid-strength lager Heineken 3
- Pernod deal rescues Corby's FY
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review