Blog: A Loire unto itself
Chris Brook-Carter | 22 June 2004
The modern perception of the French wine sector is that the international consolidation that is helping define much of the New World will either take an age to grip the home of Claret and chateaux or pass it by altogether.
But news out of the Loire suggests this is not altogether fair. Various wine producers and dealers in the region are responding to falling sales by making alliances and mergers, but they are, of course, just on a smaller scale than the radar busting deals being done in Australia and California.
The region's biggest dealer in still wines, Vinival, for example, is up for sale, with the local wine co-operative Alliance Loire cited as a favourite for the acquisition. If the transaction goes ahead, say observers, it will create a dominant entity on the market for Loire Valley wines. At the same time, the Tourange-based wine dealer Pierre Chainier has agreed to merge with Caves de la Loire, a wine co-operative located in Brissac. The merger's first phase, which is due to be completed by the end of the year, consists of the creation of Loire Proprietes, a 50/50 sales and marketing joint-venture with an expected turnover of €35m.
It is clearly too much to expect a fragmented market like France to consolidate at the same pace as Australia, where four or five players dominate as much as 80% of exports. However, these sorts of deals are not isolated incidents and should be taken as a genuine sign that there are those in the French industry prepared to take radical steps to modernise in order to survive.
The Coca-Cola Co has had its fair share of critics this year, from health campaigners to investor David Winters, who this week called for CEO Muhtar Kent to be replaced....
The UK health lobby is always very vocal on alcohol at this time of year, predictably so, and this year is no different. ...
“Ah, yes, you've hit upon a very sensitive area,” says Thomas, my guide at the Carlsberg Brewery in Copenhagen last Friday....
Experimentation has long been a watchword in the Scotch whisky industry. It is what has given consumers the huge range of ageing options, from refill hogsheads to virgin oak to Sherry butts....
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part IV: Spirits
- Sustainability in Wine - Part I
- Sustainability in Wine - Part II
- just the Ten - Top Analyses of 2014
- Belvedere vodka tie-up over new James Bond film
- Diageo welcomes verdict on Crown Royal "confusion"
- Bacardi, Pernod Ricard welcome US-Cuba deal
- Diageo ups focus on China with Mortlach roll-out
- Coca-Cola Co promotes CEO's assistant to sales job
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- just-drinks on-trend: Craft beer - fortunes and future
- Global Tequila Market 2014-2018