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 »

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.

Price increases help lift PZ Cussons Nigeria’s year-end results

PZ Cussons Nigeria Plc, manufacturers of a wide range of consumer goods including Nutricima brands such as Yo, Coast, Nunu and Olympic yoghurt and milk brands reported a 15% rise in revenue for the full-year ending 31 May 2017. Sales reached N79.6bn from N69.5bn in 2016.

Profit for the year rose 73.1% to N3.7bn, helped by price increases implemented through the year to mitigate the effects of inflation caused by Naira devaluation and poor liquidity.

Nigerian Breweries holds its 9th Annual Golden Pen Awards

Nigerian Breweries Plc, on Friday – 6th of October, 2018, celebrated outstanding journalism practice at the Nigerian Breweries Golden Pen Awards which took place in Lagos.

The award, which is the 9th in the series, is aimed at promoting professionalism and objective reportage of events in the country. It is also meant to reward journalists who abide by the ethics of the journalism profession in their professional practice.

The night of glitz and glamour saw Isioma Madike of New Telegraph Newspaper emerging as the NB Golden Pen Reporter of the Year. The first runner-up was Arukaino Umukoro of Punch Newspapers while Caleb Ojewale of BusinessDay clinched the second runner-up position.

Coca-Cola to unveil ‘Safe Birth Initiative’ for Ivory Coast and Nigeria

Soft drinks giant Coca-Cola  on Thursday announced the launch of “The Safe Birth Initiative” a new programme to aid the Health Ministries of Ivory Coast and Nigeria tackle high maternal and infant mortalities.

The pledge was made by the company’s Group President for Europe, Middle East & Africa (EMEA), Brian Smith while paying a courtesy visit to the President of Ivory Coast, His Excellency Alassane Ouattara.

NBC launches ‘Youth Empowered’, a skills acquisition scheme for Youths

The Nigerian Bottling Company Limited (“NBC”), makers of Coca Cola soft drinks, has unveiled a fresh programme aimed at harnessing the latent potential of youths.

Tagged “Youths Empowered,” the NBC said the programme was a life-changing opportunity for Nigerian youths in the age bracket of 18 to 30, to nurture, grow and showcase their vital life, business skills through training, mentorship and access to an array of contents that would help them stand out in their chosen fields of endeavour.

Guinness Nigeria N40bn Rights Issue oversubscribed

Guinness Nigeria Plc, said on Wednesday that its share sale to existing shareholders to raise N39.7bn ($126m) was oversubscribed by 16%.

The Nigerian subsidiary of drinks maker Diageo Plc said it sold five shares from the company for every 11 held by shareholders, at N58 naira per share.

Lagging sales in core brands crimp PepsiCo’s 3Q sales

Soft drinks giant PepsiCo said on Tuesday that a focus on healthier and low-calorie drinks may have hurt third quarter sales.

The company’s CEO Indra Nooyi said that the company stocked shelf space with more of its newer, low-calorie drinks and spent too much on marketing promoting them at the expense of its core brands such and Pepsi and Mountain Dew.

PepsiCo, like all soft drinks companies have been playing a balancing act to reformulate its portfolio to reflect changing consumer tastes towards healthier, low-calorie beverages and away from high-calorie drinks. So the company has to weigh between growth of its newer low-calorie drinks and defending its position as the bulk of the firm’s beverage sales still come from its core brands –Pepsi and Mountain Dew.

AB InBev completes divestment of interest in Coca-Cola Beverages Africa

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.

FrieslandCampina WAMCO Inspires 8 Young Researchers at 47th AGM and Scientific Conference of the Nutrition Society of Nigeria

FrieslandCampina WAMCO, makers of Peak and Three Crowns milk awarded cash prizes to eight young Nigerian nutritionists for their excellent scientific research presentations at the just concluded 47th Annual General Meeting and Scientific Conference of the Nutrition Society of Nigeria.

The awardees are all MSc & PhD students below age 35. They are Ifeoma Ezeh, Yetunde Ogundairo, Chukwuka Oluebube and Joy Amadi. Others are Michael Oderinde, Ebunoluwa Odeyinde, Chinenye Ekwueme and John Ebenezer.

IBPlc Foundation calls on S’West indegenous Entrepreneurs to apply for its Kickstart entrepreneurship scheme

International Breweries Plc Foundation has called on indigenous entrepreneurs, who are solving some of the social problems facing the South-West region of the country, to apply for its ‘KickStart’ programme.

In a statement on Tuesday, the company said, “Online applications open October 9 and closes on November 6, 2017. This year’s applications can be filled and completed by visiting the International Breweries Plc Foundation KickStart website.”