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.
Whisk(e)y companies spend a lot of money and effort ageing their products for that premium taste....
PepsiCo created a stir last week with the news it is testing a product called Caleb's Kola, with some in the media claiming it was the beginning of a new “craft soda” category....
SABMiller's bid to widen the appeal of beer is very much in evidence at its latest 'House of Peroni' - with beer cocktails and a bigger bottle for the Italian lager brand on offer. ...
Here's a round-up of the big stories on just-drinks last week, featuring PepsiCo, SABMiller, the Scotch whisky category and the US wine market....
- Analysis - Remy's Cognac "dead-cat bounce"
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Heineken to stay "active player" in beer M&A - CFO
- Diageo's future brighter than present suggests
- Focus - Heineken's Q3 Performance by Region
- Moët Hennessy unveils first Travel Retail outlet
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- Diageo puts Beckham centre stage in Haig Club ad
- Smirnoff Ice gets India launch