On just-drinks last week:
- Diageo launched this year's stable of special release Scotch whiskies on Monday. The prices made many an eye water - US$950 for a bottle of 35-year-old Brora - but served as a reminder of the spending power of the Asian markets.
- SABMiller upped its presence in Nigeria, one of the shining lights of Africa. The completion of a new brewery in the south-east of the country should see the brewer tap into the burgeoning middle class and its willingness - and ability - to spend. Heineken, however, will hope to maintain its strong hold on Nigeria's beer market.
- In soft drinks, PepsiCo was moved to deny claims that it is looking to change the recipe for its Diet Pepsi brand. Despite reports suggesting a change was on the cards, a spokesperson for the company told just-drinks on Friday that PepsiCo has no plans to alter the sweetener constituent of the drink.
- The wine world can look forward to working a Sunday in May next year, when the London International Wine Fair moves back a day. We can look forward to lots of grizzling from wine executives on their stands on Monday 20 May.
- Finally, Pernod Ricard officially declared the global economic downturn over last week, trumpeting the “best growth since 2007/08” in its latest full-year results. A lively few days for the company also saw it ready its CEO succession, while one analyst warned that operating profits weren't quite where they should be. One other analyst, meanwhile, suggested that Diageo was a hotter prospect than Pernod for investors, thanks to the former's stronger position in M&A.