Blog: Analysts in a froth
Chris Brook-Carter | 15 September 2003
This is not entirely surprising given that his relationship with investors in his last post, as financial officer at the French utility company Suez, was strained by the time he departed.
Rightly or wrongly, the financial community held Jacolot responsible for Suez's hefty debt problems of €27 billion.
To what extent he was actually at fault is impossible to tell, but only time will tell if he is now the right man to lead Interbrew in its current drive to cut costs and improve productivity.
Samples of quotes from the Reuters report include: "His lack of experience in the industry is a concern to us." And, "We are a bit cautious regarding his track record and reputation when at Suez."
Jacolot, of course is not the only man facing trial by the media/city in the beer industry at present. Tony Froggart, S&N's relatively new CEO, has taken the reigns in arguable the most important period of S&N's recent history, as the company tries to re-emerge from the sale of its pub estate as a pure beer player.
There is an excellent article in today's Times, also available online, by the newspaper's well-regarded drinks correspondent Dominic Walsh. If you want the latest on how Froggart has begun his tenure and the challenges he still faces, I recommend you read it.
Here's a round-up of the big stories on just-drinks last week, featuring AG Barr, Bombay Sapphire, Wines of South Africa and Pabst Brewing Co....
It seems there's not much in the world that can make people smile these days. Luckily, we're part of an industry that has just been scientifically proven to do just that. ...
Despite accounting for just a small percentage of overall sales, craft beer is making an impression on the US....
Here's a round-up of the big stories on just-drinks last week, featuring SABMiller, Orangina Schweppes, PepsiCo and Scottish devolution....
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- Treasury Wine Estates: Here I Go Again On My Own
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- Suntory Holdings to split beer, spirits division
- Quintessential Brands changes MD at Essential unit