Prices of soft drinks rise amid FX woes, inflationary pressure

Prices of soft drinks are on the rise as the industry continues to grapple with the fallout from macroeconomic headwinds induced by the drop in oil price. Nigerian Bottling Company (NBC), the More »

How brewers are selling beer with folklore

As Nigeria’s recession deepens and consumers pockets are squeezed, majority of those still drinking have shifted their beer preferences to value or low cost brands. Nigerian Breweries Plc, the country’s leading brewer More »

Coca-Cola full year revenue fall on refranchising costs, currency headwinds

Beverage giant Coca-Cola on Thursday announced its results for full year 2018. The company reported a 10% decline in revenue to $31.9bn, down from $35.4bn in 2017, with sales falling 6% in the fourth quarter to $7.1bn. The company blamed the decline on costs associated with bottler refranchising of company owned operations and currency headwinds.

Heineken sees marginal profit decline in 2018

Heineken N.V. on Wednesday reported a decline of 1.6% in net profits for the full year 2018 to €1.9bn, caused by a €183m impairment charge in the Democratic Republic of the Congo (DRC) and acquisition costs from Brazil. In the same period in 2017, the company recorded €2.2bn in profits.

However, the company said that total revenue for 2018 grew by 3.7% to €26.81bn from the previous year, with total beer volumes up by 4.4%, helped by a boost from its Heineken brand, which grew 7.7%, its best performance in a decade. The Dutch brewer notes that its newly launched Heineken® 0.0 is now sold in 38 countries, from 17 in 2017.

Coca-Cola to launch Orange Vanilla Coke flavour in the US

The Coca-Cola Company has announced it will launch its first new trademark Coca-Cola flavour in the US in more than a decade.

The beverage giant said that the new trademark Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar will be available as of 25 February.

Speaking on the launch, Coca-Cola Brand Director, Kate Carpenter, said “We wanted to bring back positive memories of carefree summer days.

Int’l Breweries appoints Richard Rivett-Carnac as a Non-Executive Director

International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Mr Richard Rivett-Carnac to its Board as a Non-Executive Director.

In a statement, the company said that Mr Rivett-Carnac is the Mergers and Acquisitions/Treasury Director for AB InBev Africa, based in Johannesburg, South Africa. He is a Chartered Accountant and was an investment Banker with Barclays Capital U.K. He also worked with KPMG ABMiller group in 2009.

Drinking hibiscus tea may help reduce cardiovascular disease risk, says new study

A team of scientists from Nigeria and Britain studying the effects of consumption of hibiscus tea on cardiovascular health has found significant increase in ‘flow-mediated dilation’ of the brachial artery after participants consumed hibiscus tea after a meal. Flow-mediated dilation refers to the widening of an artery when blood flow increases in that artery, considered a gold standard to measure vascular endothelial function.

Pressure led us to re-purpose our Enugu plant – NBC

The Nigerian Bottling Company Limited (NBC) has said that demand-side pressure on its products was the reason for the closure of its Enugu production plant.

The beverage giant, who is the sole bottler of Coca-Cola products in the country, announced in January that it was closing production at the Enugu plant and would re-purpose the facility as a material handling and logistic hub for the South East region.

Emmanuel Agu joins JOTNA as new Group Marketing Director

The management of JOTNA Nigeria Limited has appointed Emmanuel Agu as its new Group Marketing Director.

Agu, a former Portfolio Manager-Mainstream Lager, Nigerian Breweries Plc joined JOTNA in December, 2018.

In his new role, he is charged with the responsibility to form and lead a new Marketing team of JOTNA Nigeria Limited made up of TLCC (The La Casera Company – Carbonated Soft Drinks and Water), Prima Corporation Limited ( Preforms and Caps ), EngeePet Manufacturing Company Nigeria Limited ( Pet Resins ) and Gilon Distribution Limited.

CWAY enters the energy drinks market with launch of MACA Energy drink

CWAY Foods and Beverages Nigeria Limited, the company best known for its fruit-based milk drinks said it has entered the energy drinks market with the launch of MACA energy drink.

According to the company, MACA energy drink is caffeine-free with, MACA extracts.

The company added that its primary target market are busy professionals, athletes, students of higher institutions, travelers, fun lovers, and more, as it helps to boost physical and mental activities.

Anjan Patole takes over as MD at Suntory Nigeria

Suntory Beverage and Food Nigeria Limited (SBFN) has appointed Anjan Patole as its new Managing Director. His appointment became effective on 15th December, 2018, as he took over from Gauthier Leveque.

Prior to joining SBFN, Anjan was the chief executive officer at Sameer Agriculture and Livestock Limited, Nairobi, manufacturers of FMCG brands in dairy products, ice-cream and water since 2014, where he oversaw seven East African countries.

NBC to complete production of eco-friendly bottles

The Nigerian Bottling Company Limited (NBC), bottlers of Coca-Cola brand has announced plans to complete its production of eco-friendly bottles which started in 2008 and also boost its production capacity across various operations this year.