Blog: The just-drinks Weekly Round-Up
Olly Wehring | 7 October 2013
On just-drinks last week:
Constellation Brands released its Q2 and H1 results on Thursday. The US-based company has shifted from being better known as a wine producer to being referred to predominantly as a brewer. That’s little wonder, considering Constellation became the US’s third biggest brewer in June. Sure enough, the buyout of JV partner Grupo Modelo dominated last week’s numbers. which is no bad thing: Constellation’s wine and spirits sales were down by 1% in its second quarter. For our full coverage of Constellation’s results, click here.
After the announcement last month that Oaktree Capital will launch an IPO for a stake in its Stock Spirits division, the US-based private equity group made another spirits sale last week. Having found itself with a sizable holding in Groupe Belvedere, Oaktree has offloaded its entire stake in the troubled French firm, we learnt last week. Elsewhere in the spirits world last week, Beam Inc became the latest multinational drinks company to look to up the production capacity for its Scotch whisky operations; proof, then, that I was right way back in February, 2011 - If it’s brown, it sells.
For all you brewers out there, Larry Nelson did something last week that he’d never thought he’d do: He wrote about a billionaire craft brewer.
Deputy editor James Wilmore looked back five years to see how the relationship between the energy drinks sector and the health lobby has developed - if at all - in recent times.
Finally, the latest research report from just-drinks and The IWSR has been published today. Full details of ‘Global market review of vodka – forecasts to 2018’ can be found here.
Diageo's CEO has admitted the year has been "tougher than expected" and defended the company's stake in baijiu brand Shuijingfang. ...
Do you have a water source in your garden? By which, I mean a spring, rather than an outside tap....
Here's a round-up of the top stories on just-drinks last week, featuring PepsiCo and Coca-Cola Co, Castel, Molson Coors and the cachaca sector....
There was a big focus on supermarkets and their Scotch offerings this week when a couple of own-brand malts scooped top awards at the International Wines and Spirits Competition (IWSC)....
You can't seem to move at the moment for news of US craft brewers expanding....
- just The Preview - Diageo's FY preliminaries
- Diageo chief admits "tougher than expected" year
- Focus - Diageo's FY Performance by Region, Brand
- Molson Coors CEO exit - Mega-Merger on hold?
- Comment - Beer - What’s in a (Brand) Name?
- ASA bans Jägermeister TV ad
- Belvédère chairman to step down
- Diageo boosts exec committee
- Diageo silent over Shuijingfang writedown report
- Diageo writes down Shuijingfang value by GBP264m