Post by yenilira on Feb 23, 2011 21:52:21 GMT 1
Although we don’t have a ‘DIM £0’ or ‘Dawson’ ("financial accounts for £1") on here, I’m sure that more than two of us who frequent this board take more than a passing interest in the financial page(s) of whatever newspaper they purchase.
Although I don’t have any shares in either company, you could say that I have more than a slight interest in “Mey Icki” who have just been taken over by Diageo, to the tune of £1.3 billion.
Who, or What? you might ask. - ‘I’ve never heard of them.’
You may well might not have but they are Turkey’s top spirits supplier, who produces its own brand of wine and vodka, plus a whopping great 80% of all Raki made in its own country.
As we all know in Anatolia, Raki is a clear brandy made from various fruits including grapes and raisins, and the Turks drink more than 60 million litres per year.
(Beer in the UK consumed is 99 million litres.)
In Turkey, raki is the national drink, similar to Italian grappa, Greek tsipouro, Cretan tsikoudia, Cypriot zivania and Spanish orujo, and is traditionally consumed either sec with chilled water on the side, or partly mixed with chilled water, according to personal preference. The subsequent dilution causes Raki to turn a milky-white colour, similar to the louche of absinthe or what is observed in the ouzo effect.
This phenomenon has resulted in the drink being popularly referred to “aslan sütü”, literally meaning "Lion's Milk”.
Last year, Mey Icki made pre-tax profits of £129M on sales of £300M, and the CEO of the British maker of Smirnoff and Johnny Walker is quoted as saying – “Turkey is an attractive market for Diageo, enjoying strong economic growth.”
Of that ‘80% of all Raki’ stated above, the most prominent and popular is “Yeni Raki”, which, as one of our colleagues on 606 described as ‘Rocket Fuel’ -
this drink has an alcohol content of 45+% .
The buy-out will benefit both countries, opening more markets, especially as the one stumbling block to the deal – tax on spirit imports – was overcome as the Turkish parliament has now lifted this burden.
Serefe!
YL.
Although I don’t have any shares in either company, you could say that I have more than a slight interest in “Mey Icki” who have just been taken over by Diageo, to the tune of £1.3 billion.
Who, or What? you might ask. - ‘I’ve never heard of them.’
You may well might not have but they are Turkey’s top spirits supplier, who produces its own brand of wine and vodka, plus a whopping great 80% of all Raki made in its own country.
As we all know in Anatolia, Raki is a clear brandy made from various fruits including grapes and raisins, and the Turks drink more than 60 million litres per year.
(Beer in the UK consumed is 99 million litres.)
In Turkey, raki is the national drink, similar to Italian grappa, Greek tsipouro, Cretan tsikoudia, Cypriot zivania and Spanish orujo, and is traditionally consumed either sec with chilled water on the side, or partly mixed with chilled water, according to personal preference. The subsequent dilution causes Raki to turn a milky-white colour, similar to the louche of absinthe or what is observed in the ouzo effect.
This phenomenon has resulted in the drink being popularly referred to “aslan sütü”, literally meaning "Lion's Milk”.
Last year, Mey Icki made pre-tax profits of £129M on sales of £300M, and the CEO of the British maker of Smirnoff and Johnny Walker is quoted as saying – “Turkey is an attractive market for Diageo, enjoying strong economic growth.”
Of that ‘80% of all Raki’ stated above, the most prominent and popular is “Yeni Raki”, which, as one of our colleagues on 606 described as ‘Rocket Fuel’ -
this drink has an alcohol content of 45+% .
The buy-out will benefit both countries, opening more markets, especially as the one stumbling block to the deal – tax on spirit imports – was overcome as the Turkish parliament has now lifted this burden.
Serefe!
YL.