Daily Archives: January 28, 2016

GSK Nigeria in negotiations with Suntory to sell beverage business

Ribena and Lucozade brands

GSK Consumer Nigeria Plc, maker of Ribena and Lucozade brands has confirmed that it has received a non-binding offer from Suntory Beverage & Food Limited (SBF) for their beverage business consisting of the bottling and distribution of Ribena, Lucozade and part of their Agbara manufacturing plant.

Singapore conglomerate Fraser & Neave bids for Peroni, Grolsch

Singapore based conglomerate, Fraser & Neave (F&N) have expressed interest in acquiring SABMiller’s two European beer brands, Peroni and Grolsch, adding to a list of global companies that have shown interest in the brands.

The two brands are being sold by AB InBev, the world’s largest brewer and acquirer of SABMiller, in order to address European regulatory concerns about its merger with SABMiller in Europe.

Fraser & Neave operates food, drink and publishing businesses in Asia and formerly owned Asia Pacific Breweries, which it sold to Dutch brewer, Heineken NV in 2012.

Fake wine producer found guilty and fined

Fake wine producer, Julian Madu, who earlier in the week, was arraigned and pleaded guilty before a Federal High Court in Lagos, for sale and distribution of unregistered Moet and Chandon champagne has been ordered to pay the sum of N55,000.

Madu, owner of MADAK Enterprises operated a counterfeit business at 8, Offin Road, Oke-Arin, Lagos, where he bottled unregistered wines that were then sold to unsuspecting customers as Moet and Chandon.

FrieslandCampina WAMCO commissions N2bn ultra-Modern Warehouse

FrieslandCampina WAMCO, maker of some of the most recognized milk brands in Nigeria such as Peak milk has opened a new State-of-the-art finished goods warehouse in Ikeja, Lagos, with a 14,000 pallet positions capacity.