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: Coffee & Tea

FIIRO develops technology to commercially extract Thaumatin, a natural sweetener

The Federal Institute of Industrial Research (FIIRO), Oshodi, Lagos, said it has developed a technology that can aid in the commercial extraction and optimization of high-grade Thaumatin, a low-calorie sweetener and flavor modifier.

The Director-General of FIIRO, Gloria Elemo, made this known at the International Conference on Alternative Sweeteners which held in Lagos recently,themed: “Harnessing of the Economic Potential of Thaumatin (Thaumatococcus danielli) in Africa”.

Unilever agrees to buy GSK Indian Consumer Nutrition Business, including Horlicks

Unilever announced on Monday it has agreed to buy GlaxoSmithKline Consumer Nutrition business in India, including hot malted drink Horlicks.

The deal is expected to cost Unilever €3.3bn ($3.8bn) and will be paid through shares of its Indian unit Hindustan Unilever as well as cash of no more than €639m.

Chivita Ice Tea rebrands

CHI Ice Tea, one of many brands from the stable of CHI Limited, is now Chivita Ice Tea. As part of the rebranding, seen as a strategic move to integrate with the Masterbrand Chivita, the brand handlers say that Chivita Ice Tea now comes in a new product pack that is more aspirational, modern and trendy, with the promise of the same refreshing goodness.

Food, Beverage & Tobacco Union lament high rate of retrenchment in sector

The Food, Beverage & Tobacco Senior Staff Association (FOBTOB) has expressed sadness over the increased rate of retrenchment of workers by employers in the sector.

The union urged the Federal Government to engage employers in the sector so as to halt the looming crisis the mass lay-offs in the sector may engender in the near future.

Lower finance charge, sales growth lifts Nestle Nigeria’s 9-months profit

Nestle Nigeria Plc reported a net profit growth of 44% in the nine months to the end of September.

The maker of Milo chocolate drink said that profit hit ₦33bn in nine months, with the growth accelerating in the third quarter, helped by an 85% drop in net finance cost to ₦1.27bn from ₦8.6bn.

Krispy Kreme Nigeria gets a boost from US envoy’s visit

Krispy Kreme Nigeria received a visit on Thursday from the American Ambassador to Nigeria, Stuart Symington.

The envoy extolled the doughnut company for its quality process. During the visit which gave Ambassador Symington a close-up view of Krispy Kreme’s operational processes, he commended the management for the quality of work in the production of doughnuts.

Coca-Cola expands into coffee as it acquires Costa Coffee chain for $5.1bn

The Coca-Cola Company (TCCC) said it has agreed to acquire British coffee chain Costa Coffee for $5.1bn expanding its reach into the global coffee market, where it has little presence. The acquisition also allows the soda giant to diversify away from its coke brand which has been experiencing declining sales as increasingly health-conscious consumers seek alternatives away from fizzy and sugary drinks.

Nestle and Starbucks finalize $7.15bn licensing deal

Swiss Food and beverage giant Nestle SA and American Coffee chain Starbucks Corp on Tuesday announced the closing of a $7.15bn deal that grants Nestle the perpetual rights to sell Starbucks coffee products globally, outside of the company’s coffee shops.

Commenting on the deal, the CEO of Nestle SA, Mark Schneider, said: “This partnership demonstrates our growth agenda in action, giving Nestle an unparalleled position in the coffee business with full suite of innovative brands. With Starbucks, Nescafe and Nespresso, we bring together the world’s most iconic coffee brands”.

Krispy Kreme store in Lagos re-opens

The Consumer Protection council (“CPC”) has announced the re-opening of the Krispy Kreme store in Victoria Island, Lagos.

In a statement released by the consumer protection watchdog, it said that the National Agency for Food and Drug Administration and Control (NAFDAC), as the primary and key food safety standards regulator “is satisfied that the vital question of safe operations have been resolved sufficiently to allow operations accordingly.”

Krispy Kreme cooperating with regulators over store closure

Krispy Kreme has said it is cooperating with Nigerian food regulator and consumer protection agency to resolve issues that led to the shutdown of its store in Victoria Island, Lagos.

In a statement released by the company through its franchise operator, QFA Nigeria Limited, the company said it is fully cooperating with authorities in addressing concerns of product expiry date tampering without regulatory approval in its Victoria Island, Lagos store.