Blog: The just-drinks Weekly Round-Up
Olly Wehring | 18 November 2014
On just-drinks last week:
- Carlsberg kicked things off on Monday with the release of its year-to-date results. As expected, the company's bottom line was hit - yet again - by continuing struggles in Russia. But, could Carlsberg's travails in the country be less bumpy going forward? Full coverage of Carlsberg's results can be found here. In SABMiller's half-year results,which dropped on Thursday, CEO Alan Clark flagged brighter prospects for the company's soft drinks operations in emerging markets. Could this choice of direction have been influenced by the news last week that Chile's CCU is looking to move into the beer category in SABMiller's key market of Colombia? For a full round-up of our coverage of SABMiller's latest numbers, click here.
- The fallout from Diageo's decision to drop Bushmills Irish whiskey in favour of Don Julio Tequila continued, with our regular spirits commentator, Richard Woodard, wading into the matter. Is the company's swap-deal with the Beckmann family little more than an attempt to make the best of a bad job? Campari, meanwhile, saw its year-to-date profits hampered by one-off costs in the third quarter. In the company's post-results conference call, CEO Bob Kunze-Concewitz heaped praise on the Skyy vodka brand in the US. While Skyy is doing well in the country this year, its flavoured Skyy Infusions range is struggling - a matter that we looked at in greater detail earlier this year. For full details of Campari's YTD numbers, head over here.
- The recent results announcements from both the Coca-Cola Co and Monster Beverage Corp prompted a closer look at the tie-up between the two that was announced earlier this year. Could Monster prove to be Coca-Cola's knight in shining armour in the year ahead? Regular commentator Ray Rowlands, meanwhile, considered the importance of distinctive packaging for soft drink success.
- Despite the news last week that Treasury Wine Estates will close one of its wineries in Australia, we appear to be on the cusp of a bout of M&A activity in the country's wine industry: First up, Casella Family Brands said on Thursday that it plans to buy Peter Lehmann Wines for almost US$50m. Then, earlier today, Accolade Wines confirmed that it is in negotiations to acquire Grant Burge Wines in the country. Let's not get the consolidation bunting out just yet, though.
Bacardi's 42 Below vodka brand has found a novel way to use the lemons left over from cocktail-making: Turn them into liquid soap....
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Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
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