All You Need to Know in Alcohol - Global Drinks Intel Newsletter, Friday 14 Feb

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On Global Drinks Intel this week...

• Heineken sets full-year pace as sales climb 5% - results data

Heineken has closed out 2024 with a healthy lift in sales from the final quarter, but warned that the current three-month period is not without its challenges.

• ‘We’re certainly not where we want to be yet – We’re more hungry’ – Heineken CEO Dolf van den Brink

Earlier today, Heineken reported its group sales for the 12 months of 2024. Immediately afterwards, Global Drinks Intel editor Olly Wehring spoke to the group’s CEO, Dolf van den Brink, to hear more about Heineken’s standout performance.

• Treasury Wine Estates removes ‘for sale’ sign from lower-end wines as top line climbs in half-year - results data

Treasury Wine Estates has chosen not to proceed with a consolidation of its lower-end portfolio, bringing an end to its intention to sell off its ‘commercial’ brands.

• ‘I give ourselves ten out of ten for Penfolds’ – Treasury Wine Estates CEO Tim Ford

On the same day as posting an impressive set of numbers from the six months to the end of December, Treasury Wine Estates served up CEO Tim Ford to share the details behind the half-year performance with Global Drinks Intel editor Olly Wehring.

• 2024 ends on a low for Molson Coors Beverage Co – results data

Molson Coors Beverage Co has posted a disappointing finish to last year, with the last three quarters undoing the good work in Q1.

• ‘The implementation of circularity in an industry as traditional as spirits is incredibly complex’ – EcoSpirits co-founder & CEO Paul Gabie

As mission statements go, EcoSpirits’ is one of the more ambitious out there. After all, ‘to end single use glass in the spirits & wine industry by leading a transition to circular packaging technology’ is a task better suited to the industry as a whole, not just an eight-year-old, Asia-based start-up. However, as founder & CEO Paul Gabie tells Global Drinks Intel editor Olly Wehring, with the backing of a trio of multinational brand owners, EcoSpirits is making headway on its aim.

• Market Intel - Ailing spirits clings to rays of light in France amid bleak outlook

While most spirits categories will face volume declines in France this year, falling inflation and growing interest in domestically-sourced whiskies, rhum arrangé and cocktails are set to lighten the gloom.

• Value down, volumes up for spirits in US last year – data

The higher-priced end of the spirits category has registered a second consecutive year of declining sales in the US, according to figures released this week, with the beer category narrowing the gap for alcohol market share.

Also on Global Drinks Intel this week:

• Online alcohol sales to approach US$40bn by 2028
• ‘Disruptive innovation’ key to reviving wine and spirits - research
• ‘Time to reframe’ Trump’s tariff messaging, claims US wine trade association
• Pernod Ricard acquires full ownership of South African gin Inverroche
• Stoli Group commences searches for new CFO and North America lead
• Diageo teams Ketel One, Tanqueray with The White Lotus for US push – video
• Carlsberg reaffirms 1664 Blanc arrangement with London Fashion Week
• Keystone Brewing Group continues UK shopping spree, acquires North Brewing Co
• The Boston Beer Co bags Twisted Tea tie-up with Top Rank Boxing
• Jackson Family Wines unveils NBA co-branded bottles
• Cuban rums Black Tears, La Progresiva head to Germany
• Symington Family Estates announces leadership changes
• Satryna Tequila readies wider assault on US and beyond
• The week’s new spirits launches – 10-14 February 2025

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