Blog: Beware the fickle world of celebrity
Olly Wehring | 2 December 2008
Diageo, a company that most people cannot pronounce correctly, has won a major popularity contest among its UK business peers.
The drinks giant has leapfrogged stricken banks and brow-beaten retailers to become the UK's "most admired company", a prize bestowed on it by the high and mighty of the country's business sector.
Fittingly, the news comes two days before the entire UK alcoholic drinks industry anticipates a rollicking by ministers over its record on promoting responsible consumption. That's how it goes.
In fact, Diageo's proactive approach to this issue, together with solid sales and profit growth in recent years, are probably what helped it to take the prize.
Diageo's solid business model has helped it to shine in a world littered with economic pitfalls for previous high flyers.
Clearly the business world believes Diageo to be more "recession-proof" than most.
Most people have no idea what Diageo is, but, chances are, they do know Guinness, Johnnie Walker and Smirnoff. And, chances are, people will still want a drink during the recession - more so, some might say.
Analyst group Bernstein today described Diageo as "very much a safe haven", even in its own sector.
It warned of "gathering storm clouds", however, adding that the group was "over-exposed" to three of Europe's worst hit economies - UK, Ireland and Spain. So, above the adoration, there is still hard work to do, and there will be no prizes for slipping up.
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....
Most of the time, changes at the top of a company present themselves in press releases, stock exchange filings or responses from a spokesperson....
- What's coming up in spirits in 2017? - Comment
- When BRIC markets go horribly wrong
- What's coming up in beer in 2017? - Comment
- Interview, Philip Gregan, New Zealand Winegrowers
- Remy Cointreau's bellwether Q3 - analysis
- Diageo closes spirits e-commerce portal in UK
- A-B InBev acquires Spain's Cervezas La Virgen
- Home entertaining offers drinks opp's - Diageo
- Diageo mulls United Spirits stake buy - report
- Remy Cointreau sets up whisky division
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Opportunities in Craft Spirits