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 »

Category Archives: Segment

Rémy Cointreau cheers Q1 results as sales surge 9.9%

Rémy Cointreau reported sales of €240.2 million ($276m) in the first quarter of 2017/2018 financial year, an improvement of 9.9% from the previous year.

The maker of Rémy Martin cognac and Cointreau liqueurs credits its good performance to strong growth in the Asia Pacific region, with strong gains in Greater China, Singapore and improvement in Japan.

The group said that its cognac brands which contributes 65% of group sales rose 18.7% in the three months to June 30, up from 6.2% in the fourth quarter.

Appeals Court rules against NBC over Fanta, Sprite labeling requirement

The Nigerian Bottling Company (“NBC”), bottlers of the famed Coca-Cola products in Nigeria suffered a legal setback in its bid to stop the execution of a judgement by a Lagos High Court which declared Fanta and Sprite to be poisonous soft drinks when consumed with vitamin C.

In a judgement delivered on February 15, a Lagos High Court dismissed all claims against the NBC and held that the company had not breached its duty of care to consumers and that there was no proven case of negligence against it.

Dangote Group to expand into dairy production

Dangote Group, Nigeria’s largest company by market value, with interest in cement manufacturing, oil and gas, sugar, among others is planning to go into dairy manufacturing.

The company has confirmed plans to commence dairy farming in 2018, starting with 50,000 cows, with milk production to begin in 2019.

AB InBev to spend $206.7m in South African subsidiary

Beer giant Anheuser-Busch InBev (AB InBev) announced on Tuesday an ambitious investment of R2.8bn rand ($206.7m) in expansion at its South African subsidiary, South African Breweries Limited (SAB).

The upgrade which would take place at two of its breweries in Alrode and Rossylyn, will add new packaging lines for returnable glass bottles at both breweries and a brewhouse at the Rossyln plant. Each packaging line will handle 45,000 bottles per hour, adding a total of four million hectolitres of capacity per year. The endeavour will create up to 70 additional full-time jobs, the company said.

PepsiCo sustains revenue, profit growth with price increases, healthier drinks and snacks

PepsiCo said on Tuesday that price increases implemented on its premium products in North America helped lift sales and profits in the second quarter.

The soft drinks giant recorded a 2% growth in revenue to $15.4bn in the second quarter, while net profit climbed 5% to $2.1bn. Half-year profit grew 17% to $3.4bn. It notes that “guilt-free” drinks which it describes as drinks with fewer than 70 calories such as diet sodas, and foods with lower levels of sodium and saturated fat like baked crisps which now account for about 45% of the its sales helped fuel higher revenue and profit.

FG applauds FC WAMCO for pioneering local milk sourcing, development

The Federal Minister of Agriculture and Rural Development (FMARD), Chief Audu Ogbeh, has commended FrieslandCampina WAMCO, makers of Peak and Three Crowns milk, for laying the groundwork for local milk sourcing and development in the country, and for uplifting the lives of Nigerian dairy farmers.

The Minister made these comments on Monday July 10, while visiting the company’s state-of-the-art local milk collection facilities in Fashola Village and Iseyin town, both in Oyo State. The centres support the company’s Dairy Development Programme (DDP).

CCBA buys Kenya’s third largest Coke bottler

Coca-Cola Beverages Africa (CCBA), the South African-based Coke bottler announced on Thursday it has acquired Equator Bottlers Limited, Kenya’s third largest Coke bottler for an undisclosed amount.

According to media reports, Kenya’s regulators (Competition Authority of Kenya) gave their blessing to the deal last Friday.

Big Beer, Wine and Soft Drinks Firms Vie for Majority Stake in CCBA

Big multinational beer, wine and soft drinks firms are competing for the 57% majority stake in Coca-Cola Beverages Africa (CCBA).

First reported by Reuters and Bloomberg in April, Heineken, Coca-Cola Hellenic and Castel Group are among companies that have bid for a majority stake in CCBA, according to people familiar with the matter.

Nigerian Breweries unveils Ace Desire RTD

Nigerian Breweries Plc, on Thursday unveiled its newest creation – Ace Desire, a Zobo-flavoured alcoholic ready-to-drink (RTD) to the Nigerian market.

The company’s Marketing Director, Franco Maria Maggi, said that “Ace Desire” is a sophisticated blend of spirit, natural Hibiscus or Zobo extract, being the traditional beverage produced from hibiscus leaves.

Entries begin for the 9th Annual Nigerian Breweries Golden Pen Awards

Nigerian Breweries Plc has flagged off the 9th edition of its Golden Pen Awards as part of its efforts at celebrating and promoting excellence in the journalism profession. The call for entry for the awards which grand finale holds in October has begun.

Nigerian Breweries’ Corporate Affairs Adviser , Mr. Kufre Ekanem, told reporters at the kickoff ceremony, which was held in Lagos recently, that the award was introduced to promote professionalism and objective reportage of events in Nigeria.