Blog: On the Floor at LIWF - Day Three
Chris Mercer | 19 May 2011
The party's almost over and I may need a caffeine drip attached to my person, but it's been a lively day three for just-drinks at the London International Wine Fair.
Actually, I'm going to rewind to the end of day two in order to mention just-drinks' State of the Nation debate. Is the UK finished? That was the question we posed yesterday. On a show of hands, and on a first-past-the-post basis, the optimists just about inched ahead among the hundred-strong audience.
Treasury Wine Estates' general manager for the UK and Ireland, Dan Townsend, said that, in terms of prospects for making a profit, the UK has moved from being average-to-low to "Somewhere between low and not very attractive at all".
There are, however, a wide range of views on the state of things and on what can be done about it. Just this afternoon, I met with Grupo Codorniu's MD, Nick Mantella, who is more of the opinion that things have always been extremely competitive in the UK.
Plenty of people still want to be here, it seems. That includes Wines of Brasil, which is making its seventh appearance at LIWF (not its debut, as I initially thought). As of last year, the UK has become the top export market by value for Brazilian wines.
That said, a growing number of wine groups appear to be looking east, too. The seminar on Russia's wine industry (and the complicated process of getting into it) was well-attended in the briefing theatre today.
At the show more generally, things are starting to wind down. A number of journalists are beginning to gather to chew the fat (myself excluded at this moment, I must add).
The initial reports are that numbers are flat-ish against the previous year. That said, many people on the stands here have told me that they are happy with how the show has gone.
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"
- Focus - Remy Cointreau's H1 Performance by Brand
- Three Questions for the Drinks Industry
- 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"