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: Wines & Spirits

Pernod Ricard Q1 sales boosted by international brands, growth in China

Pernod Ricard, the world’s no 2 spirits company by sales reported a 2% revenue growth in the first quarter ended 30 September. The spirits maker said that sales rose to €2.29bn ($2.69bn), up from €2.25bn in the previous year.

The company said sales received a boost from its international brands, which grew 8% in the period and includes names like Absolut vodka, Jameson Irish Whisky, Ballantine’s and Malibu. The firm notes that its wines also had a strong quarter, posting 8% growth.

Asia Pacific lifts Rémy Cointreau’s half-year sales

Rémy Cointreau said on Tuesday that first-half sales of its 2017/18 financial year through 30 September grew 6% to €544.4m ($639m), buoyed by its Rémy Martin cognac brand which reported 13.8% sales growth to €367m.

Moët Hennessy Year-to-date sales slump on third quarter supply constraints

Moët Hennessy, the wines & spirits division of French luxury goods maker Louis Vuitton Moët Hennessy (LVMH), said on Tuesday that revenue for the first nine months to the end of September grew 7% to €3.5bn, from €3.2bn in the previous year.

The company which makes high-end luxury goods such as perfumes & cosmetics, fashion & leather goods, watches & jewelry noted that despite a 7% growth in the wines & spirits business group, it trailed all other business categories that recorded double-digit growth.

Zimbabwe mulls restricting alcohol sales to curb abuse

The Government of Zimbabwe is considering restricting the sale of alcohol to certain days, hours and to pregnant women.

The Sunday Mail, a Zimbabwe newspaper reported that the policy proposes to bar the sale of alcohol during the week, regulate the number of hours to sell the products and provide guidelines on the consumption of alcohol during special events like parties and weddings on the basis of the venue in which they are held.

Guinness Nigeria Makes Four New Executive-Level Appointments

Guinness Nigeria Plc has announced the appointment of four directors, as the foremost brewer re-energizes to optimize performance and execute its strategic growth plans. The appointments have taken effect.

The appointees are Bola Olajomi-Otubu, Human Resources Director; Colman Hanna, Supply Chain Director; Adenike Adebola, Marketing and Innovation Director (Guinness and Spirits) and Jody Samuels-Ike, Marketing and Innovation Director (Innovation, Lager, Consumer Connections and APNADS).

Guinness Nigeria appoints Mark Sandys to its Board as Non-Executive Director

Guinness Nigeria Plc, on Monday announced the appointment of Mark Sandys to its Board as a Non-Executive Director effective 30th August 2017.

Sandys, a long-serving executive of Diageo Plc with over 20 years’ experience has an MA degree in English and French from Balliol College, Oxford University in 1996.

In the over 19 years he has been with Diageo, he has served as a Senior Marketing Executive in different capacities including as Global Marketing Strategy & Innovation Director Baileys, Marketing & Innovation Director, Diageo Russia & Eastern Europe (based in Moscow), Category Director, Whiskey & Reserve, Asia Pacific.

Distell’s full-year revenue grows 3.7% despite challenges

Distell Group, the South African wines, spirits and cider producer on Monday reported a 3.7% revenue growth for the full-year ended 30th June 2017. Revenue rose to R22.3bn ($1.72bn).

The company noted that its South African market which contributed 74% of group sales grew 7.8%, while volumes rose by 1.5%. The second-half of the year saw a marked improvement, with total volumes rising 5.4%.

Guinness Nigeria posts 23% revenue growth, returns to profitability in full-year

Guinness Nigeria Plc, said on Tuesday that revenue for the full-year ended 30th June 2017 grew 23% to ₦126bn ($348m), up from ₦102bn ($282m) in the previous year.

The maker of Guinness Foreign Extra Stout and Dubic Lager said it returned to profitability for the first time in four quarters, posting a profit of ₦1.9bn ($5.2m), from a loss of ₦2bn.

Pernod Ricard sales buoyed by innovation, growth in the Americas

French spirits group Pernod Ricard on Thursday reported a 13% lift in profit for the full-year ended June 2017. The company said that profit rose to €1.4bn ($1.65bn) on the back of a €9bn sales growth.

The maker of Jameson Irish Whiskey and Absolut vodka said that the good performance was fueled by strong growth in the U.S., an improvement in China, tight cost control and by innovation, which it describes as new products or variations of existing brands, like Absolut Lime vodka or Jameson Black Barrel.

Avon Crowncaps suspends trading on the Nigerian Stock Exchange

Avon Crowncaps & Containers Nigeria Plc, makers of screwcaps, metal containers and steel drums for a diverse industry including beverage companies (soft drinks producers, juice and dairy makers, brewers and spirits producers) among others announced on Thursday that it was suspending the trading of its shares on the Nigerian Stock Exchange (NSE) effective 31 August 2017.

The company which has seen its fortunes decline over the last five years had sought to buy out its minority shareholders who hold about 21% of the firm’s shares so it can be taken private and restructured.

Avon Crowncaps is majorly controlled by Wilko Corporation, a private company registered in the Bahamas.