Blog: The just-drinks Weekly Round-Up
Olly Wehring | 28 April 2014
On just-drinks last week:
- The release of Heineken’s Q1 figures on Thursday gave us the chance to drill down into the company’s current performance. It was almost three years ago when Heineken’s CEO flagged up the importance of Africa to its future plans. “What Brazil is for Anheuser-Busch InBev,” Jean-François van Boxmeer told me, “Africa is for Heineken.” So, how is the region - led by Nigeria for Heineken - bearing up for the brewer?
- Pernod Ricard, meanwhile, reported Q3 and YTD sales on Thursday (it was a busy day) that - yet again - highlighted the headaches being caused in China. But, away from the grim headlines, the wine and spirits company has been gaining plaudits for its broader footprint. And, that’s something Remy Cointreau would probably kill for.
- Staying with Pernod, the firm made a surprise purchase last week, in the form of Kenwood Vineyards in the US. For details on what it is that Pernod has bought,click here. Does the purchase mark the start of a wine shopping spree for Pernod? Also, we welcomed back a familiar face last week, with Troy Christensen, formerly of Constellation Brands and Accolade Wines returning to the wine fold.
- Finally, it looks like PepsiCo isn’t the only soft drinks company in disagreement with a rogue - albeit high-profile - shareholder. While CEO Indra Nooyi has found herself in the position where she needs to remind folk that she’s “still in the chair”, The Coca-Cola Co will be hoping for less drastic measures to calm Warren Buffett. The company’s biggest shareholder abstained from a vote on Coca-Cola’s executive pay plan, deeming the numbers involved “excessive”.
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 bags Facebook unit boss as director