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?
Some people in India believe alcohol should be more difficult to purchase. Last month, the state of Bihar halted all alcohol sales as its chief minister made good on an election promise. ...
Greetings from Zurich. Here as a guest of Heineken's Amstel brand, I'm due to sit down later today with the group's senior global director for international brands, Walter Drenth....
Drinks companies spend a lot of money on trying to predict trends. At last night's Worshipful Company of Distillers City debate, any strategists in the audience got a bit of forecasting for free....
I'll admit to being partial to an Aperol Spritz now and again, more usually in the summer months, sitting outside, shades on, slowly turning more golden/rusty....
- The category today - Scotch Whisky I
- Today's Market Trends - Scotch Whisky II
- Key Brands Performance - Scotch Whisky IV
- Tomorrow's Market Trends - Scotch Whisky III
- Category Trends - Scotch Whisky V
- Beam Suntory names CFO, makes structural changes
- Diageo to accept US$1m South Korea fine
- Analysts clash over AB InBev SAB Brexit impact
- Brown-Forman shuffles director pack
- Pernod switches Travel Retail Europe op's director
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global RTD insights - market forecasts, product innovation and consumer trends
- Soft Drinks Global Overview: Growth Opportunities Between Category Lines
- Consumer and Market Insights: Wine Market in China
- Global travel retail insights - market forecasts, product innovation and consumer trends