Top Ten in Ten

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IN TEN

HERE’S A QUICK TEN-MINUTE READ OF THE TOP TEN TRENDING ONLINE DRINKS TRADE STORIES FOR THE PAST QUARTER

SCAN ON THE QR CODE FOR DAILY NEWS UPDATES

Words Ioni Doherty

1. DOLLAR BILLING BREWING

Posted May 21 Dollar Bill Brewing was named Champion Australian Beer for their Gold Teeth 2021 Packaged at the Australian International Beer Awards (AIBA) hosted in Melbourne on Thursday evening. The brewing and blending company is based in Ballarat and owned by the husband and wife team, Ed and Fiona Nolle.

2. TREASURY FORECASTS RETURN TO GROWTH.

Posted May 13 Treasury Wine Estates announced its expectation that earnings for the business will be between $495 million to $515 million for the full year targeting high single-digit earnings growth with a group-wide earnings margin of 25 per cent.

3. ENDEAVOUR GROUP’S STATE OF PLAY AHEAD OF THE DEMERGER

Posted March 30 Managing Director Steven Donohue announced the inaugural CFO, Shane Gannon, to join the business and shared the company’s new purpose ahead of the Group’s separation from Woolworths in June, ‘creating a more sociable future together’. While Endeavour is about to step into a new chapter, he emphasised to suppliers working with Endeavour’s merchandise team - it will be business as usual.

4. YOUNG AUSTRALIANS DRIVING ONE OF THE MOST SIGNIFICANT CULTURAL SHIFTS EVER SEEN – ABA

Posted May 25 Alcohol Beverages Australia (ABA) says that with the majority of young Australians drinking in moderation and within the guidelines, the latest survey from the Alcohol and Drug Foundation shows their relationship with alcohol is an increasingly sensible one and largely devoid of harms.

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5. COLES LIQUOR SALES UP 2.6 PER CENT

Posted April 28 Consumer cycles are returning to ‘normal’ pre-COVID levels, says Coles, as it announced a fall in supermarket sales of 6.1 per cent this past quarter. However, alcohol sales have grown by 2.6 per cent compared to this time last year, with a sales revenue for the quarter of $759 million. Retail performance at Liquorland was a highlight for the Group along with eCommerce, which grew by a huge 49 per cent, supported by the opening of three “dark stores” to meet this growing demand.

6. WOOLWORTHS QUARTER RESULTS DECLINE

Posted April 29 Woolworths’ March quarter results decline as trends stabilise and growth is impacted by cycling COVID. Comparable sales for the March quarter fell 2.1 per cent to $11.1 billion for the Group’s supermarkets division in a quarter described by CEO Brad Banducci as a story of two halves. “There were two very distinct trading periods in Q3: the first seven weeks before we began to cycle to COVID and the second six weeks as we cycled the peak growth of the prior year,” he said. As such, the first seven weeks show significant growth, and the second six weeks reflect a decline.

7. PETER WEST STEPS UP TO LEAD COCA-COLA EUROPACIFIC PARTNERS

Posted April 21 Peter West will the lead new Australia, Pacific and Indonesia Business Unit following acquisition of Coca-Cola Amatil by Coca-Cola European Partners. West is currently Managing Director of Coca-Cola Amatil (CCA) Australia and will become Vice President and General Manager for the newly created Australia, Pacific and Indonesia (API) Business Unit. He will also join the executive leadership team of CocaCola European Partners (CCEP).

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8. FROM FOOTY FIELD TO DISTILLERY IS BORN A UNIQUELY AUSTRALIAN PROJECT

Posted April 21 They met on the footy field, but AFL player Daniel Motlop and Mighty Craft CEO Mark Haysman have since re-invented themselves and reconnected to collaborate on a unique and ground-breaking Australian endeavour. Mighty Craft joined forces with Motlop in 2020, taking a 65 per cent stake in Motlop’s distillery business. With a robust and shared vision to build on the success of Green Ant Gin, they created Seven Seasons.

9. MCWILLIAMS & CALABRIA

Posted April 6 Riverina and Barossa Valley winemaker Calabria Family Wines has acquired a piece of Australian wine history with the purchase of McWilliam’s Wines.

The Griffith-based Calabria family takes ownership of McWilliam’s brands, intellectual property, stock holdings, and the Hanwood vineyard, winery, and cellar door in Griffith.

“It is a great honour for our family to become the proud custodians of Australian winemaking history with the purchase of McWilliam’s Wines. Despite recent challenges, we know the McWilliam’s name carries a long and prestigious reputation as one of Australia’s oldest wine producers,” General Manager Michael Calabria said.

10. ENDEAVOUR GROUP: UP TO $2BN FOR SHAREHOLDERS

Posted May 10 The Woolworths Group suggests a return between $1.6 and $2 billion is possible for shareholders with the scheduled approval of the proposed $10 billion demerger between Woolworths and Endeavour group at a meeting in Sydney on June 18.

It is the third and final stage in the demerger process, initially proposed in late 2019 but put on hold due to COVID. As part of the demerger, eligible shareholders will receive one new Endeavour Group share for every Woolworths Group share held at the time of the demerger.