just the Answer
Once a month, we put a drinks executive on the spot with a bout of quick-fire questions.
When premium mixers firm Fever-Tree launched its IPO in late-2014, shares were priced at GBP1.34. Today, following the release of 2016's results, Fever-Tree's shares are trading at over GBP15. Late last month, just-drinks sat down with the company's founders, Charles Rolls and Tim Warrillow, who still own 21.8% of the company, to explore the reasons behind Fever-Tree's success.
Earlier this week, Bacardi unveiled its CEO succession plan that will see Mahesh Madhavan, the current regional president for Asia, Middle East & Africa, become regional president for Europe ahead of replacing Mike Dolan in April next year. In the first of just-drinks' exclusive two-part interview, Olly Wehring speaks to Madhavan about his career to-date, and looks at the mechanics of the succession plan.
In this, the second part of just-drinks' exclusive interview with Bacardi's next CEO, Mahesh Madhavan, shares his thoughts on the group's spirits portfolio and tells us what he believes he will inherit when he takes the top job next year.
Yesterday, Gruppo Campari posted strong sales and an adjusted profits leap for 2016. Speaking to just-drinks following the full-year results announcement, CEO Bob Kunze-Concewitz discusses plans for newly-acquired Bulldog gin, a move away from flavoured vodka and the path to premium rum in the US.
Former Tesco wine director Dan Jago took over as CEO at UK-based Berry Bros & Rudd in 2015 and has since overseen a period of overhaul at the near-320-year-old wine and spirits group. Late last month, just-drinks met up with Jago at BBR's London headquarters. In part I of the interview, Jago discussed new changes to the company. In part II, the CEO talks about how he has no desire to chase the Millennial market, and reveals what keeps him awake at night.
Earlier today, Treasury Wine Estates reported another strong set of figures, with half-year sales jumping by almost a quarter and net profits more-than-doubling. Following the release of the results, just-drinks spoke to CEO Michael Clarke about the numbers, and how he has managed to turn around a company that less than three years ago took an impairment charge of almost US$250m.
Tareef Shawa joined Pernod Ricard in 2014, bringing with him luxury credentials from American Express's invitation-only Centurion division, as well as seven years at LVMH's Louis Vuitton as director of global client development. Speaking to just-drinks in London this week, the group's luxury & customer relationship management director discusses the concept of luxury, its role within Pernod and how to quantify the success of luxury events.
Andre de Almeida had been William Grant & Sons' director for European Travel Retail for four years when he decided earlier this year to take up the role of Global Travel Retail head at Scotch whisky specialists Loch Lomond Group. That was in July, and now the Brazilian-born de Almeida, who moved to Scotland when he was 15, faces one of the biggest challenges of his career - establishing Loch Lomond as a player in the GTR channel.
Sanford Bernstein analyst Trevor Stirling is no stranger to the drinks industry. Having spent the late ‘90s as strategic planning director for Guinness Ireland, he then took on the role of packaged trade director at the company. He followed that by starting his own private-client wine merchant. In 2004, Stirling became an analyst at Bernstein, where he covers the major European brewing and spirits companies. Here, he talks to just-drinks about the role of an analyst, and how he sees the future of the drinks industry shaping up.
Tellis Baroutsis joined Edrington from Nike six years ago and has since moved up to lead The Macallan owner's Travel Retail division. Speaking to just-drinks at the Tax Free World Association exhibition in Cannes last month, Baroutsis discussed Edrington's structural overhaul in Travel Retail, the launch of The Macallan Boutique and why Travel Retail must not become just another FMCG channel.
In July, Diageo turned its previously-combined Middle East & Global Travel Retail division into a standalone GTR unit. At the same time, TR head Doug Bagley stood down and was replaced by Dayalan Nayager, Bagley's European TR regional leader. Last month, at the Tax Free World Association exhibition in Cannes, just-drinks caught up with Nayager to find out how the new structure was working, as well as his thoughts on the overall state of the GTR channel.
Last month, just-drinks deputy editor Lucy Britner visited Brauerei C&A Veltins in Meschede-Grevenstein, Germany. The family-owned company used the visit to announce marketing activity to mark 500 years of Germany's purity law, the Reinheitsgebot. While there, Lucy sat down with export manager Udo Bruns and UK agent Steve Holt to discuss the role the law plays in today's 'craft culture', the rise of no- and low-alcohol offerings in Germany and why Veltins is only brewed in one place.
Best known as a vintage Cognac specialist, privately-owned Hine last month released Bonneuil 2006, an expression that does not carry one of the category's traditional VS, VSOP or XO descriptors. As China - the most important market for Cognac in recent years - moves away from the XO-and-above Cognac segment, and the idea of 'craft' drives interest in the category's smaller houses, Hine's new international sales director, Per Even Allaire, tells just-drinks how the company plans to make the most of the new world order.
Earlier today, Rabobank published a note looking at the likely effects on the drinks industry of the UK’s decision to leave the European Union. Francoise Sonneville, senior analyst for beverages at Rabobank and the note's author, spoke to just-drinks yesterday.
Last month, UK producer Seedlip launched the second expression in its range of self-described "non-alcoholic spirits". Seedlip Garden follows the launch in November of the original Seedlip, which sold out three times in high-end London retailer Selfridges and has caught the attention of bartenders with its positioning as an adult-aimed, non-alcoholic base for cocktails. Seedlip founder Ben Branson says the spirit - a distillation of botanicals including herbs, fruit and bark - is a riposte to non-alcoholic drinks that depend too heavily on sugary fruit blends, and offers a solution to the problem of "what to drink when you're not drinking". just-drinks spoke to Branson ahead of the launch of Seedlip Garden about his early successes, interest from Bahraini royalty and why the industry needs to get on-board the non-alcoholic category.
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