Each week, Just Drinks’ journalists select tweets that summarise the social media buzz in our sector, underpinned by GlobalData’s analytics.
These social media signals help us understand sentiment for brands and the themes driving conversations on social platforms. This new, thematic coverage is driven by our underlying Disruptor data, which tracks all major deals, patents, company filings, hiring patterns and social media buzz across our sectors.
UK government announces packaging fees delay
The UK’s Department for Environment, Food & Rural Affairs (Defra) this week said it had decided to defer its extended producer responsibility (EPR) scheme for packaging by one year.
The scheme would ensure manufacturers pay the cost of recycling their packaging.
The deadline has been pushed from October 2024 to October 2025, a move, according to Defra, taken together with the UK’s devolved administrations.
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By GlobalDataHowever, the delay was criticised by recycling firms and campaigners.
Free-market think tank takes aim at Scotland ad plans
A new report published by UK free-market think tank the Institute of Economic Affairs (IEA) suggested there is a lack of evidence to support a ban on alcohol advertising.
The study was conducted and published in response to the Scottish government’s plans to curb adverts.
In April, Scotland’s First Minister, Humza Yousaf, sent plans for new alcohol advertising rules “back to the drawing board” and announced a consultation.
The IEA’s report was welcomed by trade body the Wine & Spirit Trade Association.
Campari again sees double-digit growth in H1 but margins dampen sentiment
On Wednesday (26 July), Campari posted double-digit growth in its net sales for the first half of 2023 but the group fell short of analyst expectations on operating profit, causing its shares to fall.
Despite confirming its margin target for the year, the Milan-listed group’s adjusted EBIT of €359.7m ($398.2m), marking organic growth of 15.1%, still disappointed shareholders by not meeting analysts’ expectations of €366.6m. Shares in Campari closed down 3.06% at €12.36.
In a note to clients, analysts at AllianceBernstein said: “Campari is arguably the best growth story in global spirits, justifying its high multiple, but is burdened by very high expectations given the recent operational and stock performance.”
Breakthru Beverage founder dies
US wholesaler Breakthru Beverage Group announced the passing of founder and co-chairman Rocky Wirtz.
Wirtz, 70, was also the owner of the ice hockey team Chicago Blackhawks.
Heineken launches latest ‘responsible drinking’ spot
The brewing giant’s latest global ad campaign features F1 star Max Verstappen.
The driver is the “ambassador” for Heineken’s 0.0 non-alcoholic beer and is working with the Dutch group on the latest stage of an ad push it launched in 2016.
