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 top stories on just-drinks last week, featuring Coca-Cola Life, Australian Vintage, Pernod Ricard and BrewDog....
Beer consumption in Germany - already pretty impressive - will undoubtedly have enjoyed a spike following celebrations over the nation's FIFA World Cup win. ...
Last night, The Coca-Cola Co's UK division celebrated moving in to its stylish new central London headquarters with a barbecue on its roof-top terrace....
Here are some of the top stories from just-drinks last week, featuring PepsiCo, San Miguel Corp, Stock Spirits and William Grant & Sons....
- A tobacco analogy soft drinks will want to embrace
- Pernod's Portman Group penalty - a coincidence?
- just The Preview - SABMiller's Q1
- just Five Years Ago: A-B InBev sells Oriental
- Comment - Coke Life: Hit or Miss?
- Diageo faces public consultation over W&M sale
- William Grant silent on Drambuie bid talk
- Remy posts Q1 sales drop as Edrington loss bites
- Bacardi to fight US football team legal action
- Distell to take 26% stake in spirits firm KHEAL