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?
Philadelphia’s soda tax came into force on Sunday, and is reportedly causing a stir in the city's check-out aisles....
Earlier this month, I was most-kindly invited by Accolade Wines to visit the Royal Albert Hall in London. The reason? They wanted to see a tennis great in action, and then give them a guided tour thro...
Yesterday, Remy Cointreau posted a strong jump in YTD sales driven by impressive Cognac Q3 performances in China and the US. Here, just-drinks takes a closer look at the company's sales performance by...
Do you like whisk(e)y? And, I mean, really like whisk(e)y? Are you at a loose end in the first half of 2017? If so, then I've found just the job for you....
Most of the time, changes at the top of a company present themselves in press releases, stock exchange filings or responses from a spokesperson....
- What's coming up in beer in 2017? - Comment
- What's coming up in spirits in 2017? - Comment
- When BRIC markets go horribly wrong
- Interview, Philip Gregan, New Zealand Winegrowers
- Remy Cointreau's bellwether Q3 - analysis
- A-B InBev acquires Spain's Cervezas La Virgen
- Diageo closes spirits e-commerce portal in UK
- Home entertaining offers drinks opp's - Diageo
- Former Stoli Group CEO joins Perfect Vodka owner
- Diageo mulls United Spirits stake buy - report
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Opportunities in Craft Spirits