Blog: Why drinks firms should cheer Spain and Germany
Chris Mercer | 2 July 2010
Football can save consumers from misery
Europe's economy is in danger of sinking into the bog so, for the sake of drinks sales, let's all support Germany and Spain in this weekend's World Cup Quarter Finals.
Reports of Germans partying like maniacs after thumping England at the World Cup last weekend made me feel ill. But, my national pride aside, I bet drinks producers were rubbing their hands.
Beyond the street parties, the dark shadow of bank debt is threatening to block out the sun in Europe. Banks in the eurozone owe hundreds of billions of euros to each other in a horrible dominoe system that stretches from the rot in Athens to Berlin, via Madrid and Paris.
If Europe's economy were a football team, it would be England - sluggish, rotten and reliant on past glory.
FIFA's World Cup is not going to deliver us from this fiscal nightmare-in-waiting, we'll probably have to rely on so-called economic experts for that.
But, there has been growing acceptance down the years that World Cup success really can lift the mood of a nation.
Legend has it that an England victory in the 1990 World Cup (they lost, of course, to Germany) would have prompted an ailing Margaret Thatcher to call a snap election.
While, only this week there have been reports that New Zealand's Government could time its own General Election next year to the fortunes of the All Blacks at the Rugby World Cup.
If a World Cup win means that people are happy enough to vote for you, then they will be happy enough to buy things too. Just for a brief moment, they may forget their own impending doom and order a beer/whisky/Magnum of Champagne. Ok, well, maybe not the Magnum.
So come on (hesitates) Germany, and Spain, let's build some consumer confidence. Vuvuzelas at the ready.
Whisk(e)y companies spend a lot of money and effort ageing their products for that premium taste....
PepsiCo created a stir last week with the news it is testing a product called Caleb's Kola, with some in the media claiming it was the beginning of a new “craft soda” category....
SABMiller's bid to widen the appeal of beer is very much in evidence at its latest 'House of Peroni' - with beer cocktails and a bigger bottle for the Italian lager brand on offer. ...
Here's a round-up of the big stories on just-drinks last week, featuring PepsiCo, SABMiller, the Scotch whisky category and the US wine market....
- Analysis - Remy's Cognac "dead-cat bounce"
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Focus - Remy Cointreau's H1 Performance by Brand
- Moët Hennessy unveils first Travel Retail outlet
- Diageo puts Beckham centre stage in Haig Club ad
- United Spirits sees Q1 net loss
- Beam Suntory, Edrington part ways in Travel Retail
- TWE unveils Penfolds range after CEO's "bold move"