Blog: Colouring in the grey
Olly Wehring | 10 January 2006
It’s been a day of colourful characters hogging the headlines today. And if the drinks industry has plenty of one thing, then it’s colourful characters.
Karan Bilimoria, the Indian who made good in the UK by personally hawking his Cobra beer around the country’s Indian restaurants in the 1990s, was first up, as details emerged of his company’s flotation later this year. The brewer is eyeing a market capitalisation of US$1bn within the next ten years. Ambitious? Yes. But few would doubt the 44-year-old, who has had so much success in a UK beer market considered stagnant for quite some time now. Not only is he chasing success in the UK, but recent speculation surrounding Cobra has all been about upping its presence in Bilimoria’s home market of India.
Next, we welcome back former Allied Domecq CEO Philip Bowman into the drinks fold. Bowman’s business future has been one of the main talking points amongst spirits industry executives after the dust settled on the Allied sale to Pernod Ricard and Fortune Brands. Would he take the money he earned from the deal and head back to Australia, or would a man of his undoubted talents be tempted back into the fold? At 53 years old, I certainly wouldn’t have blamed him for taking early retirement – would you? But news today that he has joined Scottish & Newcastle as a non-executive director might just suggest that the drinks industry is far too enticing a gig to get out of.
That’s what I’m finding out, anyway.
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....
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Analysis - Remy's Cognac "dead-cat bounce"
- SABMiller's troubles fuel M&A rumours
- Focus - Remy Cointreau's H1 Performance by Brand
- Moët Hennessy unveils first Travel Retail outlet
- Diageo puts Beckham centre stage in Haig Club ad
- United Spirits sees Q1 net loss
- Diageo Q1 sales dip "in line with expectations"
- TWE unveils Penfolds range after CEO's "bold move"