The Pernod Ricard team were in London today (February 18) to flesh on the bones for their half year interim results which were announced last week.
Britain is the first European market to stock Shui Jing Fang as part of the world’s leading premium drinks business’s strategy to build it as an internationally recognised brand.
Shui Jing Fang will be distributed in the UK by SeeWoo, a specialist Oriental food wholesaler headquartered in the UK. Diageo plans to introduce Shui Jing Fang into other northern European markets later in 2012.
Diageo GB country director, Andrew Cowan said: “This launch represents a milestone in the journey of Shui Jing Fang to becoming an international brand and we look forward to working with SeeWoo to build the brand with British consumers.”
Having gained a controlling stake in Sichuan Chengdu Quanxing Group Company Ltd ("Quanxing"), the largest shareholder of Sichuan Shuijingfang Co., Ltd (“ShuiJingFang”) in 2011, Diageo says it is the only international company to have invested at scale in Chinese white spirits.
This stake in Quanxing gives Diageo the opportunity to participate in the super premium Chinese white spirits segment, one of the largest, fastest growing spirits segments in the world.
Diageo says Shui Jing Fang will initially be aimed at Chinese consumers in Britain, but the ‘baijiu’ segment is continuing to gain popularity in overseas markets due to rising demand from Chinese travelers and western businessmen keen to do business in China.
Shui Jing Fang will have an RRP of £96.19+VAT for a 500ml bottle.