Blog: Guinness fortunes slipping?
Olly Wehring | 15 February 2007
Could it be that the ‘luck o’ the Irish’ is showing signs of drying up for Guinness?
While the Dublin-based brewer faced up to a 7% slump in European volumes today (15 February), brand owner Diageo was busy drawing up expansion plans for its Scotch whisky stable, totalling GBP100m (US$195.34m).
Johnnie Walker played centre stage today, as the UK-based drinks group presented impressive interim figures, buoyed by an overall 8% net sales growth in spirits.
Diageo’s investment is great news for the Scottish economy and will create 200 jobs, suggesting that Diageo Scotland is set fair to enjoy the fruits of labours in markets such as Brazil, Russia, India, China and Mexico.
Guinness’ problems, meanwhile, were compounded in the UK and Ireland markets by “exceptionally warm weather”. But let’s not forget that Guinness volumes grew 2% in North America - although it too struggled in Europe, incidentally, Baileys’ volumes leaped 22% across the Atlantic.
Diageo is of such a size now that it has a host of different pots on the boil at the same time but, like a certain rugby tournament that is currently on the go, there is always national pride at stake.
As for the luck issue, it seems Guinness has the luxury of not always betting on black but having a red option out there too 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...
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....
- Interview Berry Bros & Rudd CEO Dan Jago - Part I
- The threat of excess choice in beer is over-stated
- Key trends for the spirits sector in 2017 - Focus
- Signs of life in Japan's beer market - Comment
- Interview Berry Bros & Rudd CEO Dan Jago - Part II
- Pernod Ricard's Method and Madness Irish whiskey
- Pernod unveils new St Patrick's Day Jameson bottle
- Diageo faces US$68m payout after SAP court loss
- Premium to counter mainstream in gin - research
- Wm Grant names Victor Jerez business director
- Global vodka insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends