A Question of Drinks

Treasury Wine Estates, one of the world’s biggest wine companies, has announced it is about to cut more than 40 brands from its portfolio, including names with deep roots in history, like Seppelts. Instead, it will concentrate on 10 ‘regional heroes’, and three main brands: Penfolds, DAOU and Matua. In this latest episode, Lulie and Felicity look at what this decision means. Lulie argues the move is overdue and rational, because consumers buy relevance, not heritage, and a company carrying 40 underperforming brands is carrying 40 liabilities it doesn't need. Felicity pushes back, arguing that some of this is cultural vandalism — since wine is more than a branded good. It’s also cultural heritage. It raises a fundamental question: should companies optimise purely for consumers, or do they have a responsibility to history, even when it doesn’t produce commercial results? Lulie and Felicity both have strong opinions and sparks fly as they argue over whether wine is just a business like any other, or an institution with a debt to the past. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

Global wine consumption recently hit its lowest point since 1961, the same year most people were filling jerry cans with wine from the local cooperative and serving it for dinner. In this episode, Felicity takes the first half of a two-part debate with Lulie Halstead, making the case that wine's extraordinary 50-year mass-market expansion was a demographic accident. The baby boomers brought prosperity, leisure, food culture and travel — and wine rose with their prosperity. Now the boomers are stepping back, and the impact on the world of wine is enormous. But decline wasn’t inevitable. The success of Prosecco, rosé, and sparkling were sending loud signals that were being ignored. Lulie pushes back throughout with data, marketing logic and genuine optimism — and in a fortnight she gets her turn to make the commercial case for wine's future. Spoiler: she's got a different point of view. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

Felicity and Lulie tear apart the wine industry's most cherished marketing belief: that the thing that will drive more sales and loyalty is better storytelling. Felicity, a guest lecturer in brand storytelling at the University of Cape Town Business School, argues that real storytelling — structured around stakes, reversals, and the narrative templates that have powered human communication since the savanna — is genuinely powerful. Lulie the marketer, armed with Ehrenberg-Bass, the work of Daniel Kahneman and a well-preserved 30-year-old Patagonia fleece, argues that storytelling is not only not a good method for building brand awareness and driving choice, but that it’s actively counterproductive. Along the way there are detours through hunter-gatherer communities in the Philippines, the neurochemistry of charitable giving, Max Schubert making Penfolds Grange in secret while his employers told him to stop, and why the Widow Clicquot's entire legacy works as brand storytelling, even though almost nobody knows the mechanics of how it was assembled. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

Lulie and Felicity are back to talking about the drinks news! And the news is big. Diageo's new CEO Sir Dave Lewis (also known as “Drastic Dave”) has delivered his first major investor presentation, outlining many of the problems facing Diageo, including a portfolio overweighted at the expensive end of a market. Felicity and Lulie dig into what Lewis's blunt assessment reveals about the state of premiumisation as a strategy — and whether the industry's dominant narrative of the past decade has been quietly masking structural decline. But not every brand is struggling. Beatbox, the brightly coloured Texan party punch that sells for around $5 a carton, has just passed $300 million in annual US retail sales — and it got there by ignoring almost every convention the drinks industry holds dear. Add to that Jägermeister's quietly impressive 2025, built on a fruit extension that has sold five million bottles in under a year, and a picture emerges of a market fracturing along price and purpose lines. The episode also touches on resealable Tetra Paks, drink spiking, the unit-of-alcohol economics that explain why cheap drinks are winning, and why someone in Belize is mixing whisky with local rum and calling it Risky. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

Lulie Halstead is on sabbatical. While she's away, she's chosen her favourite episodes from Drinks Insider to feature on A Question of Drinks and she explains why she's so impressed by them. Her first pick is an interview with Marian Leitner-Waldman, founder of Archer Roose canned wines, which she says is a masterclass of brand building. Entrepreneur and co-founder Marian Leitner-Waldman has single handedly overcome all the problems facing the wine industry. Archer Roose has a thriving audience of young consumers, who can’t get enough of high-quality wine in cans and bagnums, which appear in more than 6,000 outlets. The reason that sales are up 35% year-on-year? The brand is built on a combination of high-quality wine, total transparency, and plenty of data. In this episode, Marian talks about: How wine-loving investors failed to see the market opportunity sitting right in front of them. How Archer Roose launched without institutional funding. How and why she partners with celebrity Elizabeth Banks, even though she says that celebrity brands are dead. What beer distributors know about getting cans into hands, that wine distributors need to know. What the wine industry is getting wrong about young people. How Archer Roose opened up completely new markets, from cinemas to stadiums. The issues surrounding cans and how Archer Roose solved them. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

In this year-end episode, Felicity Carter and Lulie Halstead dissect the business stories that defined drinks in 205. From panic-driven mega-acquisitions and brutal brand sell-offs to the collapse of premiumisation as a default growth strategy, they trace how falling volumes, exhausted consumers, and shifting cultural norms forced the global alcohol industry into survival mode. If it earned enough per litre, it stayed. If it didn’t, it was dumped — sometimes at speed. The conversation ranges across spirits, beer, wine, and no-and-low, covering Diageo’s boardroom bloodbath, tequila’s overstretched boom, wine’s consolidation into mega-entities, and why celebrities are now backing zero-alcohol brands instead of party drinks. Along the way, Felicity and Lulie unpack the rise of celebrity “authenticity,” Michelin’s controversial move into winery ratings, Liquid Death’s spectacular UK misfire, and what you need to do to get a drink in some parts of India. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

Wine is the original luxury product, so why are there so few memorable wine brands? In this episode, Felicity and Lulie dig into wine’s historic allergy to the word “brand” – even as wineries are being told their life’s work isn’t worth what they thought, because nobody remembers their labels. Drawing on IWSR data, they look at how few wine brands normal drinkers can actually recall, why most wineries sit at the bottom of the brand pyramid, and what Ehrenberg-Bass really means when it says brands grow through availability, not vague “loyalty”. Along the way, they pit wine against gin and beer, unpack why Champagne wins the memory game, and explain why fine wine secretly uses every trick in the marketer’s book while pretending it’s all just terroir and tradition. From there they rewind the clock: Bordeaux négociants, aristocrats who thought money was vulgar, the rise of spirits brands like Gordon’s and Hennessy, the invention of glass bottles, appellations as proto-brands, and how varietal labelling became the default. It explains why wine itself is memorable, but individual wines are not. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly. Her Drinks Insider podcast won the 67 Pall Mall Global Wine Communicator Award for Audio.

Lulie and Felicity put out a plea on social media — “Tell us what’s in your drinks cabinet” — and discovered a whole world of crimes against taste. Sweet, creamy liqueurs dominated the offerings (Baileys, Advocat, and even a banana liqueur with holiday PTSD), alongside objects of pride like single malt and bourbon that get opened but never finished. There was plenty of Sherry, Muscat and half-dead whites lurking in the name of “cooking” while the global curios proved that even the most discerning consumer can get suckered by duty free. Researcher Lulie revealed the five drivers of the drinks cabinets, from the endowment effect and sunk-cost fallacy to identity signalling, magical thinking about future selves and sacralisation. Along the way we got into the Baileys origin story, why Advocat is basically alcoholic custard with 140g sugar/litre, and a simple cocktail framework that rescues strays without requiring a degree in bartending. It’s confession, anthropology, and behavioural science in one tidy purge. You’ll never look at crème de menthe the same way again. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly.

Natural wine has attracted vitriol, mean-spirited editorials and plenty of controversy. One of our listeners wrote in to ask why all the angst, and the hosts use it as a springboard to map the movement’s rise, backlash, and commercial co-option. Felicity sketches the history from Beaujolais and the “Gang of Four,” through the Parker era reaction, NOMA’s catalytic influence, and the media flashpoints that framed natural wine as an oppositional identity. Lulie and Felicity also define what natural wine is, how it’s produced and the role of additives like sulphur dioxide. And they also discuss consumer perceptions and how consumer psychology can harden snap judgements into prejudice. They then stress-test today’s narratives, from the beginning of the movement to today. Verdict: the movement reshaped wine culture and writing, but its successes and excesses now coexist. Better farming and more experimental styles on one side, muddled claims and unpredictable quality on the other. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly.

Lulie and Felicity are going on holiday! And so have re-uploaded one of our most commented-upon episodes, for new listeners. Pink wine is everywhere. On supermarket shelves, on Instagram, and clutched in the hands of celebrities. If there is a single defining wine of the 21st Century, it has to be rosé. How did this pink wine go from being considered an icon of 70s kitsch to a celebrity diva? In this episode of Drinks Insider, hosts Lulie Halstead and Felicity Carter delve into the fascinating world of rosé wine, looking at the economic, social, and technological forces that have made rosé wine such a hit. From novel cooling systems to Instagram, the story of rosé is one of quirky changes that have had major consequences. Tracing the story from Portugal to Provence to the world, this is a story about how and why rosé became an unstoppable trend. [00:05:28] Is the rosé wine boom here to stay — or just a fad? [00:13:00] The surprising truth about global rosé consumption [00:18:17] How changes in technology led to the unstoppable rise of rosé [00:27:12] The role of Provence [00:35:06] How Instagram fuelled a wine boom Got a question for us? Email us at aquestionofdrinks@gmail.com and it might just become our next episode. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor, speaker trainer and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly.

Why does the same wine taste magical on holiday but boring when you open it at home? Felicity and Lulie unpack the fascinating mix of physiology, psychology, and culture that shapes our experience of flavour. From the mechanics of taste buds and retronasal smell to the cultural lexicons we use to describe flavour, they reveal why context is as important as chemistry. Drawing on cutting‑edge research in sensory science, food psychology, and wine training, the hosts explore everything from genetic taste differences and airline wine selection to the role of branding, price, and expectation. If you’ve ever wondered why that charming wine you bought on holiday disappoints in your kitchen (or why wine critics sometimes seem to be speaking a different language), this episode explains why. Taste is only about 20% tongue and 80% aroma, thanks to retronasal smell. Our brains struggle to name aromas because smell evolved before language. Genetic differences mean some people can’t detect key wine aromas, like violets. Chinese wine drinkers describe flavours with culturally familiar terms, not Western fruits. Super tasters experience bitterness more intensely but aren’t automatically better at wine tasting. Training doesn’t give you more taste buds; it tunes your brain to notice relevant aromas. Experiments show the same wine tastes “better” if presented as expensive. Airline wine service adapts to taste dulling at altitude with bold, balanced styles. Branding, labelling, and even background music measurably alter taste perception. Wine quality is real, but our experience of it is filtered through mood, culture, and expectation. Developing a Chinese lexicon for wine: https://marketingscience.info/wine/trade-articles/developing-chinese-lexicon-wine/ Got a question for us? Email us at aquestionofdrinks@gmail.com and it might just become our next episode. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor, speaker trainer and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly.

It’s the question of the moment: why is Gen Z drinking less alcohol? Academics are wondering, banks are wondering, and the drinks trade doesn’t know what to think. In the first episode of a two-part deep dive, Felicity and Lulie tackle this hotly debated question head one. In Part One, they examine a major new academic study, Young People, Alcohol and Risk: A Culture of Caution, which argues that Gen Z's attitudes to alcohol mark a generational shift, not just a life stage delay. From risk-aversion to the rise of the Clean Girl Aesthetic, this episode explores what might be behind the dramatic fall in drinking across high-income countries — and whether it's really as new as people think. Along the way, expect Lidl wine tastings, boxing metaphors, rage-baiting influencers, and a brief moment of intergenerational defensiveness. This episode covers: A major new academic study argues that Gen Z is fundamentally different from previous generations in how they perceive alcohol. The clash between cohort theory (generational difference) and life stage theory (age-based behaviour). Who is Gen Z? Two sub-groups are defined: those born 1995–2002 and those born 2002–2012, with markedly different digital and social upbringings. An overview of the level of fall in high-income countries like Australia, Sweden, and the UK, with researchers linking this to cultural change. The role of risk aversion as the defining trait of Gen Z. The rise of the “clean girl” aesthetic and Trad Wife content points to a cultural pull toward order, discipline, and nostalgia. Gen Z is also more emotionally distressed than earlier cohorts, with higher rates of anxiety and depression shaping lifestyle decisions. The study finds that Gen Z often views intoxication as inauthentic, with alcohol seen as a way to mask the ‘real self.’ While individual behaviour varies, the academic consensus is that this generation’s ambivalence toward alcohol reflects deeper structural shifts. Lulie has questions about all of this. Big questions. Got a question for us? Email us at aquestionofdrinks@gmail.com and it might just become our next episode. Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken...

In this fizz-filled episode of A Question of Drinks, Felicity Carter and Lulie Halstead investigate one of the wine world’s most persistent myths: who really invented Champagne? Was it Dom Pérignon, as the marketing legends claim — or were British scientists and merchants bottling bubbly decades earlier? Expect exploding bottles, legal firestorms, Russian oligarchs, Stalinist innovation, and a blind tasting study that might permanently change how you see cheap sparkling wine. What we cover: The overlooked role of English scientist Christopher Merret (1662) in documenting secondary fermentation. Why British coal-fired glass furnaces mattered more than French monks. How Champagne marketing reinvented history and created global brand dominance. The 1911 Champagne riots and how they shaped today’s AOC protections. Champagne Jane vs. the CIVC: When trade protection becomes personal. Why Californian 'Champagne' still exists — and the legal loophole keeping it alive. What really happened when Belgian customs seized Gallo André 'Champagne' on its way to Nigeria. Stalin’s role in democratising sparkling wine. Consumer preferences: Do drinkers actually like Champagne best? Sugar, calories, and labelling. Plus: Lulie tastes Chinese wine in Hong Kong. Felicity finally tries Guinness (but did she like it?). Australia goes soft, with Wagyu for dogs and "Paw-kies" on menus. To contact us: Got a burning drinks question? Or just want to tease Felicity about Guinness? Email us at: aquestionofdrinks@gmail.com Meet Your Hosts: Lulie Halstead founded and led international consumer research and strategy consultancy Wine Intelligence, and led it to a successful PE exit. Today she is a renowned global beverage alcohol and wine sector specialist, focused on consumer behaviour, strategy, retail and hospitality. An accomplished keynote speaker, she has spoken at more than 70 international events over the past 20 years. Felicity Carter is an award-winning wine and drinks journalist, editor, speaker trainer and content strategist. She led Meininger’s Wine Business International to become the world’s most must-read wine trade magazine, and was founding Executive Editor of The Drop/Pix, which the Wall Street Journal named one of the most trusted sources of wine information. A regular keynote speaker, she was named a 2024 Industry Leader by WineBusiness Monthly.