Liquor may be a better investor haven than food, reports The Wall Street Journal. The companies that sell whiskey and cognac have many of the defensive qualities once associated with big-name kitchen and bathroom brands. Liquor is one of the few product categories that has grown sales notably ahead of inflation over the past year, according to UBS, which reflects both underlying demand and the power to hike prices.
Developed markets remain a bright spot. Drinks companies like Diageo and Pernod Ricard are benefiting as drinkers in the U.S. and Europe switch from beer to cocktails. Emerging markets are also expected to remain buoyant. In places like China, international brands make up only 1 percent to 2 percent of the total spirits industry, offering ample room for growth. Full Story
Related: Craft Brewers Turn to Coffee; Product Mashups Spur Growth in US Beverage Market.
from Industry Operations http://bit.ly/2GzgDxM
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