Blog: Diageo in India - Still many rivers to cross?
Olly Wehring | 12 November 2008
A fascinating meet-up last night in London, when Diageo invited us along to its inaugural press dinner. Present at the bunfight were, among others, CEO Paul Walsh and CFO Nick Rose. I took the opportunity to quiz some of Diageo's top bods about the company's intentions in India, following recent speculation linking Diageo to talks with The UB Group.
The Indian behemoth's chairman, Dr Vijay Mallya, told me earlier this month that the two companies “keep talking about matters of mutual interest”.
“They've got a very strong portfolio of brands, I have a very strong route-to-market and so we talk about possibilities of cooperation,” he said. “But there's nothing concrete.”
What one Diageo exec suggested to me, however, is that, much as UB does have a distribution footprint to crow about in the country, that footprint may not be the kind that would suit Diageo's brands in India. A fair point, with the exception of the Whyte & Mackay brands, UB's portfolio is heavily- - if not solely - geared towards Indian brands. Would an outlet that sells UB's Kingfisher beer brand be the right point-of-sale for Smirnoff?
Whatever, it would appear that Diageo is sitting tight until the long-running saga over excise barriers for foreign spirits brands is resolved. I fear that this matter will need putting to bed before Diageo's attention switches to how it ups its presence in the Indian market.
For those people looking to the Red Planet as shining utopia away from all things earth, look away now....
Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....
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...
- Pernod's mood darkens over India - Analysis
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Why Scotch must drop the 'malts good, blends bad'
- Ashwagandha - The next functional drinks trend?
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Distell acquires majority stake in Cruz Vodka
- Pernod Ricard YTD fiscal-2017 sales performance
- Cognac needs innovation at bottom end - Pernod
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Flavoured Powder Drinks in 2017: Confronting an Ageing World