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: Beer

International Breweries regains profitability at Year-end as revenue surges 41%

International Breweries Plc, said on Friday that year-end results for the 2016/2017 financial year ending on 31st March 2017 showed a 41% growth in revenue to N32.7bn, up from N23.3bn in the previous year.

The maker of Trophy Lager and Betamalt saw a 42% rise in Gross Profit, helped by increased capacity and further market penetration as noted by Anheuser-Busch InBev, its parent company to analysts. International Breweries spent more resources on promotions as marketing expense surged 142% to N5.09bn, from N3.6bn in the preceding year.

Diageo pledges commitment to sustainable packaging as it marks World Environment Day

Drinks maker Diageo Plc, celebrated World Environment Day on Monday with a renewed commitment to sustainable packaging.

The maker of Johnnie Walker pledged to increase its use of recyclable plastic packaging in place of glass bottles in a bid to meet its 2020 sustainability and responsibility targets.

In a supplemental plastic guideline released by the drinks maker titled Sustainable Packaging Commitments: Supplementary Guideline on Plastics, the firm vowed to increase its use of alternative materials and formats as part of its innovation agenda.

Anheuser-Busch InBev moves to merge its breweries in Nigeria

Anheuser-Busch InBev (AB InBev), the world’s largest brewer took steps on Tuesday to consolidate its operations in Nigeria.  International Breweries Plc, a subsidiary of the Belgian brewer announced on Tuesday that the Board of Directors of the three independently operated breweries controlled by AB InBev, namely International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited have agreed to explore a merger of their operations subject to regulatory and shareholder approvals.

Heineken closes on Brazil Kirin buy

Heineken N.V. announced on Thursday that it has completed the acquisition of Brazil Kirin Holdings S.A. from Japanese brewer Kirin Holdings Company, Limited.

The closing of the transaction follows fulfilment of all conditions precedent as agreed on 13 February 2017, when HEINEKEN announced it had entered into an agreement to acquire Brasil Kirin,” Heineken said in a statement.

Brown-Forman says it ‘is not for sale’

Brown-Forman Corp, the U.S.-based spirits firm behind such brands as Jack Daniel’s Tennessee whiskey, Woodford Reserve among others confirmed on Thursday that it ‘is not for sale’.

A story that broke on Tuesday and first reported by CNBC had said that Brown-Forman was approached by New York-based Constellation Brands, a beer, wine and spirits firm with offer to acquire Brown-Forman but was rebuffed by the firm.

Rumours swirl over Brown-Forman, Constellation Brands tie-up

U.S. spirits firm Brown-Forman Corp has declined to comment on a story first reported by CNBC late on Tuesday, that “people with knowledge of the matter” said that Constellation Brands “has made an approach to acquire” Brown-Forman.

However, a spokesperson for Brown-Forman said, “As a matter of corporate policy, we don’t comment on market rumours or speculation.

Diageo’s – Capital Markets Day 2017 Wrap-up

Diageo held its Capital Markets Day (CMD) on 9th May 2017. The company’s Africa President, John O’Keeffe spoke with analysts on various issues covering the group’s business operations in Africa and Nigeria.

Beverage Industry News (NG) recaps some of the highlights of the day and the spirit firm’s strategy for Africa in 2017 and beyond.

AB InBev to pour $2bn into U.S. breweries through 2020

Anheuser-Busch InBev on Monday announced an ambitious programme to spend $2bn in investment in its U.S. operations over the next four years to increase brewing capabilities.

The world’s largest brewer said it will spend $500m each year for the next four years – describing it as one of the biggest ever capital investment programmes in the U.S. brewing history.

Beam Suntory boosts Q1 profits despite flat sales

Beam Suntory Inc, the wine, beer and spirits arm of Japanese conglomerate, Suntory Holdings Limited said that its first quarter revenue for 2017 fell flat, recording 0.15% decrease in sales to ¥217bn ($1.93bn).

However, the maker of Courvoisier cognac and Basil Hayden’s bourbon among others noted that its spirits segment posted sales growth in the low single-digits, helped by strong growth in brands such as Jim Beam bourbon, Maker’s Mark whiskey and other Super-Premium bourbon brands.

Nigerian Breweries appoints Johan Doyer as Interim Managing Director

Nigerian Breweries Plc (“NB”) Board of Directors have moved quickly to appoint a new Managing Director to replace the departing Mr. Nicolaas Vervelde, who resigned last week having completed his tenure at the firm. His last day on the job would be on the 16th of June 2017.

In a statement released by the company on Tuesday, it said that the appointment of Mr. Johan Doyer will take effect on 16th June 2017 and would be on an interim basis pending the appointment of a substantive Managing Director/CEO for the company.