Blog: Analysts in a froth
Chris Brook-Carter | 15 September 2003
This is not entirely surprising given that his relationship with investors in his last post, as financial officer at the French utility company Suez, was strained by the time he departed.
Rightly or wrongly, the financial community held Jacolot responsible for Suez's hefty debt problems of €27 billion.
To what extent he was actually at fault is impossible to tell, but only time will tell if he is now the right man to lead Interbrew in its current drive to cut costs and improve productivity.
Samples of quotes from the Reuters report include: "His lack of experience in the industry is a concern to us." And, "We are a bit cautious regarding his track record and reputation when at Suez."
Jacolot, of course is not the only man facing trial by the media/city in the beer industry at present. Tony Froggart, S&N's relatively new CEO, has taken the reigns in arguable the most important period of S&N's recent history, as the company tries to re-emerge from the sale of its pub estate as a pure beer player.
There is an excellent article in today's Times, also available online, by the newspaper's well-regarded drinks correspondent Dominic Walsh. If you want the latest on how Froggart has begun his tenure and the challenges he still faces, I recommend you read it.
Whenever we read anything about Millennial consumers, there is almost always mention of the personalisation trend as well as the importance of social media....
Ever wondered what fuels Anheuser-Busch InBev's acquisitional drive? Is it naked ambition? Faith? The good of mankind?...
Anheuser-Busch InBev is reportedly calling a halt to its Seth Rogan and Amy Schumer Bud Light campaign in the US....
Today is SABMiller's final day. Some time this evening, Brussel's time, the second-biggest brewer in the world will be subsumed into the biggest, creating a beer behemoth of unprecedented proportions....
- Interview - Bernstein analyst Trevor Stirling
- Is Irish whiskey ready to recognise its potential?
- Cannabis – A clear and present danger to alcohol
- The European beer market - Focus
- Trump, local spirits and the IR role - The Analyst
- Diageo appoints first programmatic marketing head
- Diageo strike threat postponed with fresh vote
- Remy snaps up Seattle's Westland Distillery
- Diageo reaches deal in Stitzel legal row
- Sazerac poaches ex-Diageo government director