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Bassens Peter's avatar

I also think that the youth tends to focus less on alcoholic beverages. They are now occupied with other things. Apart from football, and a few big festivals, cafés and dance halls are visibly disappearing. (Except for more expensive drinks, such as Champagnes, big wines and Whiskies, in the long run.)

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Greg ┃The Elevator Pitch's avatar

Great summary! I would have maybe separated a bit the issues between beer and spirits which are not completely overlapping in my view.

The destocking in spirits has been so brutal in the US! I am slowly building a position as I think when depletion start picking up we could see a strong restocking event. The main issue is the headline risks on those names is very strong at the moment between tariffs and RFK jr.

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