MAFFEO DRINKS

Filiberto Amati, Founder of Amati & Associates and Head of Partnerships at MAFFEO DRINKS, is a veteran of major spirits companies, including Campari and Di Saronno. He dissects the seismic "shrink for growth" transformation, reshaping the global spirits industry. Drawing from his deep FMCG expertise, Filiberto explains how spirits companies are finally adopting consolidation strategies that transformed consumer goods giants two decades ago—moving from "economies of scale" obsessions to a strategic "economies of scope" focus. As Campari divests Cinzano, Brown-Forman sells Finlandia, and Diageo sells Pampero Rum, Filiberto reveals how this isn't random portfolio shuffling but a calculated response to activist investor pressure and economic uncertainty. The conversation explores if mega-mergers are likely in the fragmented spirits industry, how mid-tier players like Gruppo Montenegro and Caffo are capitalizing on cast-off assets to build global scale, and why this inflection point will reshape competitive dynamics for the next 10-15 years.Disclaimer: All analysis is based on publicly available information.Timestamps:00:00 Introduction and FMCG Context02:15 Shrink for Growth Phenomenon Explained06:30 Economies of Scale vs Scope12:45 Industry Fragmentation Reality18:20 Listed vs Private Company Dynamics23:10 Mid-Tier Consolidation Opportunities28:15 Future Industry Structure Predictions

Ben Branson, the visionary founder of Seedlip, Sylva, and Seasn, revolutionized the non-alcoholic spirits landscape. He shares his journey from farming to launching the first distilled non-alcoholic spirit. Branson emphasizes the crucial step of building categories before brands in the drinks industry. He discusses the evolving market dynamics, the challenges of retail accessibility, and the importance of understanding cultural contexts. His insightful approach focuses on the influential '1000 people that matter' and the need for authentic storytelling in product development.

Join host Chris Maffeo as he chats with Kait Wilkes, an industry veteran with 15 years of global experience (just nominated #40 on the Drinks International Top 100 List). The episode was recorded during the Mirror Hospitality Expo, hosted by Mirror Bar in Bratislava (Just nominated #62 on 50 Best Bars).Kait shares her journey from bartending to advocacy, offering insights on navigating the drinks and hospitality industry. They discuss the different perspectives between bartenders and brands, the importance of a well-thought-out drink strategy, and how smaller brands can thrive. Kait also emphasizes the importance of long-term relationships, authenticity, and mentorship in the industry. Tune in to understand how to build a sustainable brand bottom-up and hear Kaits' expert advice for upcoming bartenders and brand advocates.Timestamps:00:00 Introduction to Maffeo Drinks Podcast00:26 Guest Introduction: Kait's Journey in the Drinks Industry03:35 The Disconnect Between Drinks and Hospitality Industries05:53 Building Authentic Brand Partnerships11:54 Challenges and Strategies for Small Brands18:26 Long-Term Brand Advocacy and Relationship Building21:25 Crafting a Purposeful Drink Strategy22:01 The Role of Drink Strategy in Brand Promotion22:32 Simplifying Cocktails for the Consumer24:22 Understanding Drink Trends and Market Adaptation28:07 Supporting Bartenders and Their Career Growth31:48 Navigating Cocktail Competitions37:04 Final Thoughts and Authentic Connections

Chris Walker, an entrepreneur and founder of Refine Labs and Passetto, joins the conversation packed with insights on bootstrapping versus venture capital. He debunks myths about needing significant funding for success and emphasizes self-sufficiency and personal alignment as keys to entrepreneurship. The discussion dives into overcoming procrastination and emotional barriers to progress, highlighting the value of diverse skills. Walker also critiques glamorized media narratives that can mislead aspiring founders, advocating for authentic connections in business.

Luke Hemsley, founder of Wednesday's Domaine, dives into the world of alcohol-free wine, focusing on creating a sophisticated midweek alternative for food lovers. He discusses the challenges of awareness and consumer perception in a market that historically prioritizes beer and spirits. Luke emphasizes the evolution of social drinking, advocating for the enjoyment of alcohol-free options in social settings. He also shares insights on strategic marketing, the importance of independent retailers, and the balance founders must maintain between passion and delegation.

Paul Thomas, the 'king of insights' at Suntory Global Spirits, returns to share his expertise on understanding consumer behavior beyond just data. He emphasizes observing products in real environments rather than from marketing cold spots. The discussion covers the shift to occasion-based marketing and critiques the research industry's fast and cheap methodologies that undermine quality. Paul advocates for a balance of qualitative and quantitative research, stressing the importance of curiosity in developing effective brand strategies and enhancing consumer engagement.

Racheal Vaughan Jones, part of the marketing team at Compass Box, dives into how the brand redefines whisky by positioning itself as true 'whisky makers.' She discusses the recent transformation of their core range into four intuitive flavor profiles and the philosophy behind their 'Long Live Interesting' branding. Racheal also highlights the award-winning 'Hedonism' limited edition, showcasing its collaboration with female artists. The conversation reveals innovative local marketing strategies and the emotional storytelling that enhances consumer connections.

David Gluckman, a drinks industry icon and author of "That Sh*t Will Never Sell," shares his journey of creating legendary brands like Baileys and Ciroc. He dives into the flaws of traditional consumer research and emphasizes the value of hands-on testing and liquid excellence in product development. David discusses the critical nature of ownership in brand success and how great beverages can thrive without conventional marketing. Tune in for engaging stories and insights that blend creativity with business savvy.

Join this episode with Shawn Soole from the Post Shift Podcast In this episode, Chris shares invaluable insights on how small brands, such as bars, restaurants, distilleries, and breweries, can effectively build their brand. From understanding the importance of local success before expanding to managing relationships with importers and distributors, Chris breaks down the fundamentals of brand building. They also discuss the challenges and strategies for maintaining authenticity while scaling, the role of passion versus business in the drinks industry, and navigating the complexities of the B2B2B2C market. Whether you’re a newcomer or an established player in the beverage world, this episode is filled with actionable advice to help you succeed.00:00 Introduction and Podcast Overview00:31 Guest Introduction: Chris Maffeo02:04 Chris Maffeo's Background and Career Journey04:58 Brand-Building Fundamentals10:58 Challenges and Strategies in the Craft Spirits Industry16:49 Scaling and Distribution Insights19:11 Balancing Passion and Business25:06 Entrepreneurial Advice and Future Plans32:02 Conclusion and Final Thoughts

Roberta Mariani, Advocacy Director for Savoia and Italicus Spirits, brings a wealth of hospitality expertise to the conversation. She discusses the rise of aperitivo culture, tracing its growth from niche to mainstream. Roberta emphasizes the importance of brand advocacy and educating consumers about unique production methods. The role of Italian bartenders in shaping global drinking habits is highlighted, along with the significance of well-being within the industry. Listeners gain valuable insights into cocktail creation and the push for a more inclusive bar environment.