Blog: The just-drinks Weekly Round-Up
Olly Wehring | 3 February 2014
On just-drinks last week:
- We started to see the number of headaches affecting our industry start to get out of hand: The latest company to develop a migraine was Treasury Wine Estates. Much as Treasury has flagged its problems of late in the US and in China, things got an awful lot worse last week, when a suspension of trading on Tuesday was followed by a profits warning the next day. Sure enough, shareholders were not impressed. Can Treasury’s tough times get any tougher?
- In spirits - and beer, and wine - Diageo hogged the headlines, first with the purchase of a further addition to its Tequila portfolio and then, on Thursday, with the release of a soft set of half-year numbers. Much as the analyst community found nothing in the numbers to cause too much longer-term concern, the company’s announcement of a savings programme for the years ahead may cause sleepless nights for some of its employees in the coming weeks.
- SodaStream continued to milk its self-positioned ‘plucky upstart’ status ahead of yesterday’s SuperBowl with the release of an ad that - once again - was blackballed by the event’s broadcasters. Hats off to the company for securing the services of someone as high profile as Scarlett Johansson as a global brand ambassador, but how much longer does it intend to push its wares by poking its rivals?
- The brewing industry said its final farewell last week to Graham Mackay, theformer CEO of SABMiller who passed away late last year. Ahead of a memorial service in London on Friday, which was attended by the CEOs of both Carlsberg and Heineken, our beer commentator, Larry Nelson, looked back at the career of a major shaper of today’s brewing landscape.
Finally, we invite you, dear just-drinks subscriber, to peruse this month’s management briefing, which sees Euromonitor consider what 2014 has in store for the global drinks industry. And, if you’re not yet a subscriber to just-drinks, head over here to rectify that, post-haste.
One, perhaps minor, consequence of the conflict in Ukraine appears to be a fall in sales of Russian vodka in the country....
Diageo has jumped onboard Google's latest interactive maps and is opening up the virtual doors to four of its distilleries. ...
The UK's advertising authority has rejected complaints over a TV spot for Diageo's David Beckham-based Scotch whisky, Haig Club....
A very early start today, with Carla Errazuriz from Concha y Toro's fine wine division picking me up from our Santiago hotel at 0700....
Big Bottom Distilling has released Oregon Gin, the first in-house distilled product to be launched by the US company. ...
Ever wondered how a whiskey still gets built? ...
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