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

Cognac sales in Asia boosts Remy Cointreau’s year-end results 4.2%

French Spirits group Remy Cointreau on Wednesday reported its full-year results for the 2016/2017 financial year, which ended on March 31. Total revenue grew 4.2% to €1.09bn ($1.2bn).

The company which publishes its profit figures on June 8 credits its year-end robust growth to group brands, led by the House of Remy Martin, the company’s revenue driver, accounting for over half of its revenue and recording a 9.2% sales growth to €707.5m.  The liqueurs and spirits segment rose 0.9% to €276.3m in the period.

AB InBev completes sale of Distell stake

Anheuser-Busch InBev said on Wednesday that it has completed the sale of its indirect shareholding in South Africa’s Distell Group, the continent’s largest wine and spirits producer to the country’s Public Investment Corporation (PIC), a state owned corporation that manages the government’s Employee Pension Fund.

The financial terms of the deal were not disclosed.

“The sale was required as a condition of the South African Competition Tribunal’s approval on 30 June 2016 of the business combination between AB InBev and SABMiller,” AB InBev said in a statement.

Moët Hennessy begins year with strong momentum

Moët Hennessy, the wine and spirits arm of French luxury goods maker Louis Vuitton Moët Hennessy (LVMH) reported its first quarter 2017 results on Monday, with the unit posting a 16% rise in revenue to €1.2bn euros, surpassing all other units in the group. The unit saw a 13% organic growth in the period.

NAFDAC nabs eight involved in production of fake drinks

The National Agency for Food and Drug Administration and Control (NAFDAC) on Saturday raided the Ogbaru Relief Market, near Onitsha and arrested eight persons including a nursing mother who were involved in the production and sale of adulterated alcoholic beverages.

The agency shut three shops in the market and seized counterfeit drinks and production materials worth millions of naira.

Distell raises stake in Kenyan Wine & Spirits firm

Distell Group, South Africa’s largest wine and Spirits Company on Tuesday announced it has acquired a 26.43% stake in KWA Holdings East Africa Limited (KWAL), Kenya’s largest wine and spirits manufacturer and distributor, from Centum Investment Company Limited, increasing its ownership in the firm to 52.43%.

Distell first acquired a stake in KWAL, when in 2014, it took a 26% shareholding in the Industrial and Commercial Development Corp (ICDC).

Beta Glass maintains momentum as year-end profit surge 91%

Beta Glass Plc, the glass container and metal crowns company on Friday reported its results for the 2016 financial year, with the firm maintaining the same momentum it experienced in the first nine months of the year.

The company said that full year profit grew 91% to N3.8bn, from nearly N2bn in the previous year, driven by a surge in local demand as foreign exchange headwinds force a drop in imports.

Euro Global nears completion of N3bn ethanol plant

Euro Global Foods & Distilleries Limited, said on Monday that it was nearing the completion of a N3bn ethanol plant, with 90% of the work already done.

The firm which is a unit of Sona Group of Companies said that the plant would enable it boost production once complete.

Campari Nigeria honours Outstanding Distributors at Annual Award

Nigeria’s rising status as a premium market for spirits was celebrated in high style on Friday 31 March 2017, when Brian Munro Limited, sole distributor of Campari in Nigeria held its Annual Distributor Awards for the 2016 financial year.

The annual Campari Distributor Awards honours and compensates outstanding Distributors of the brand.

Campari Nigeria ambassador 2Baba kicked off the festivities with a scintillating rundown of his classic and latest hits before a select crowd of celebrities, marketers, customers and distributors alike at the Renaissance Hotel, GRA, Ikeja, Lagos, while TEE-A delivered his signature rib-cracking humour over the course of the evening, to the delight of the audience.

Diageo’s Africa President John O’Keeffe sheds light on the group’s activities in Africa and outlook

Diageo Plc, the world’s largest spirits maker with big footprints in Africa in both beer and spirits segment said recently it has a strong positive outlook for its business on the continent. The group’s Africa president John O’Keeffe last week spoke with analysts on a wide range of issues pertaining to the group’s activities and strategy on the continent.

Excitement as Nigerians look forward to the first beer festival

Beer lovers are set to experience a weekend of diverse, all-inclusive beer adventure plus a weekend to indulge in a lifestyle where their biggest decision will be how they pick which activity to attend. This is as Nigeria’s first ever Beer festival is billed to hold in Lagos.

The Lagos Beer Festival holds April 22-23, 2017 at the National Stadium Surulere-Lagos and promises to be the largest annual gathering of beer enthusiasts, connoisseurs, celebrities, bar crawlers and those just wanting to learn more about beer.