Blog: The just-drinks Weekly Round-Up
Olly Wehring | 27 May 2014
On just-drinks last week:
- After having to deny recent M&A speculation, Treasury Wine Estates confirmed on Tuesday that it has received a full takeover offer. The US$2.85bn bid by private equity firm Kohlberg Kravis Roberts & Co has been turned down by Treasury’s board, who clearly prefer to see if the company’s new CEO can turn its fortunes around. My question is: Will Michael Clarke be given enough time to put his plan into effect?
- Britvic continues its turnaround, with half-year figures last week showing a soft drinks company in rude health. After its UK headaches, which brought into view an aborted merger with AG Barr a year ago, Britvic is looking to the US to augment its improving performance back home. Also in soft drinks, Richard Corbett looked at Monster Beverage Corp to see what the energy drink producer has been doing right of late.
- With contrasting fortunes for sales and profits in its most recent fiscal year, SABMiller saw its performance in the 12 months to the end of March hinge once again on the emerging markets of the world. That said, several markets in Africa provided the brewer with a range of issues that CEO Alan Clark hopes won’t hang around for too long.
- In spirits, meanwhile, we saw the Drambuie Scotch whisky liqueur go up for sale last week. With the brand being produced under licence by Morrison Bowmore Distillers, an acquiror seems immediately obvious. But, has Morrison Bowmore’s parent company, Suntory Holdings, got any money left, having bought Beam Inc for US$16bn last month?
Brown-Forman has said it will "vigorously" contest a lawsuit issued by Sazerac over advertising practices for Jack Daniel's Tennessee Fire....
Forget gluten-free. Fodmaps are the latest food trend, and if you work in the soft drinks industry it is important to know where you stand with them....
Craft and imported beers continue to take volume share from regular and light in the US on-trade and are quickly moving towards accounting for half of the market, new figures show....
Companies are very protective of their brand image. So it is refreshing to hear Diageo's Garbhan O’Bric, the global brand director for Baileys, speak the unvarnished truth when talking about the lique...
Alcohol companies love a good movie tie-in. A brush with Hollywood glamour seems to give marketers the warm and fuzzies, judging by the number of deals done over the past few years. The new James Bond...
just-drinks is in Cannes this week at the Tax Free World Association show. Here's the second part of Andy Morton's blog, which will keep you up-to-date at one of the most important dates in the Trave...
- Whatever happened to binge Britain? - comment
- The dangers of squaring up to your competitor
- The US beer market - A level playing field for all
- Remy Cointreau's Q2 and H1 - preview
- Constellation and Ballast Point's "sticker shock"
- Sidney Frank CEO to head Clooney's import co
- Diageo sells off United Spirits' Bouvet Ladubay
- Irish whiskey brands could fail without bulk
- Diageo Australia appoints commercial head
- Captain Morgan distillation trial queried by USVI
- Global sparkling wine insights - market forecasts, product innovation and consumer trends research
- Future growth opportunities for global spirits
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- Global Wine Market to 2019 - Market Size, Development, and Forecasts
- Global Wine Market: News and Events September 2015