Just Drinks

Daily Newsletter

01 November 2023

Daily Newsletter

Treasury Wine Estates brushes off Daou deal scepticism

“Don't be concerned that this will take away from anything to do with the trajectory of Penfolds” – TWE CEO Tim Ford.

The drinks sector woke up to a surprise yesterday (18 September) with Matteo Fantacchiotti resigning from his position as CEO at Italian spirits major Campari Group after only five months in the role.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the NAB market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.