Blog: The just-drinks Weekly Round-Up
Olly Wehring | 30 September 2013
On just-drinks last week:
- We started with a bang on Monday morning, withTreasury Wine Estates announcing the immediate departure of its CEO. Having been at the helm when the company re-dressed its wine inventory in the USearlier this year is what did for David Dearie. The news served as a warning to wannabe-CEOs, thatthe devil is most definitely in the detail. For a full round-up of the media coverage of Dearie's departure, click here.
- Having mulled either an IPO or an all-out sale in recent years, the owner of Stock Spirits plumped for the former last week: Oaktree Capital will launch the offering next month, while remaining a significant shareholder in the spirits company. Speaking to just-drinks on Thursday, Stock's CEO Chris Heath gave further details behind the move and outlined the unit's plans post-IPO.
- In soft drinks, we spent some time talking to the heads of Gerber Emig and AG Barr last week. The former welcomed the imminent arrival of Suntory to the UK soft drinks scene. Suntory’s takeover of GlaxoSmithKline brands Ribena and Lucozade, announced earlier this month, will be “a good thing” for the UK soft drinks industry, said Andrew Biles. Meanwhile, Barr’s CEO, Roger White, noted that his company was never in the running for Ribena or Lucozade, despite reports suggesting a possible move. “They (the brands) never made it to the market,” White told us.
- Finally, Diageo hosted the celebrations of Arthur’s Day last week. The event, in honour of the founder of the Guinness beer brand, provoked the ire of several groups in Ireland, prompting me to wonder aloud: Has the annual event run its course?
Paul Walsh just can't stay away from the drinks industry....
For those people looking to the Red Planet as shining utopia away from all things earth, look away now....
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....
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
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- Global Scotch insights - market forecasts, product innovation and consumer trends
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- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
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