Blog: The just-drinks Weekly Round-Up
Olly Wehring | 3 March 2014
On just-drinks last week:
- Anheuser-Busch InBev released its full-year results on Wednesday. While the top-line figures show no major cause for concern (sales up by 3%, profits up by 10%), dipping volumes in 2013 were described by the brewer as "below expectations". Wall Street appeared less worried, however: Could A-B InBev soon be crowned 'The King of Drinks'? For a full round-up of our coverage of the numbers, click here.
- PepsiCo must be getting tired of having to repeat itself, after its latest rejection of Trian Partners' call for the US company to split its operations on Friday. It is clear that its findings of a strategic review, unveiled earlier in the month, have not placated the fund manager. So, what will?
- We heard an interesting take on the future for white spirits from an executive at William Grant & Sons last week. Is there such a thing as loyalty at the premium end of the sub-category? Meanwhile, in Scotland, a brace of companies voiced their concerns should the pending independence vote find in favour of the move. The silence from the Scotch whisky industry on the matter, I feel, has been deafening.
- Some more figures showed a healthy state of affairs for the wine industry last week: California is celebrating a record year for exports in 2013. With Chile reporting similarly upbeat numbers in mid-February, is the wine category shaping up for an upbeat 2014?
We start our daily preview of this month's ProWein exhibition today. Leading up to the event, which opens in Dusseldorf on 23 March, we'll provide a run-down of which companies will be attending and what they will be highlighting. For your firm to appear in the ProWein daily diary, email details to firstname.lastname@example.org.
Want to know how to make it to the top of the beverage business? According to Muhtar Kent, it's all about the networking....
A red sticker to a shopper is like a red rag to a bull. And as the masses charge at the deals, UK off licences and supermarkets are finding new and novel ways to entice the herd. ...
Diageo has confirmed reports in the Chinese press that it will not go ahead with the construction of its planned Shui Jing Fang production site in Chengdu....
To celebrate its 250th anniversary, Cognac brand Hennessy is trumpeting a virtual time capsule, making a parallel between it and a barrel of Cognac....
Rarely do sponsorship deals pay off so quickly. ...
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