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 »

FrieslandCampina WAMCO commissions new milk collection centre in Saki, Oyo State

FrieslandCampina WAMCO Nigeria PLC, makers of Peak, Three Crowns and Friso brands of milk and the pioneer milk manufacturer in Nigeria, has commissioned a fifth milk collection facility for its Dairy Development Programme (DDP) in Saki, Oyo State.

The facility was launched by his Excellency, the Executive Governor of Oyo State, Governor Abiola Ajimobi, on June 8, 2017 in Saki community, Oyo State.

Remy Cointreau full-year profit lifted by China recovery

Remy Cointreau, the French spirits group said on Thursday that full-year profit for the 2016/2017 financial year, which ended on March 31, grew 22.3% to €135m, helped by strong cognac sales in Greater China.

The maker of Cointreau liqueur and Mount Gay rum said that growth was driven by the Americas and Asia-Pacific regions, particularly Greater China, which experienced “a marked increase in private consumption during the second-half of the year.”

Brown-Forman ends year with lower sales

American spirits firm Brown-Forman Corp on Wednesday reported its full-year results for the year ending 30 April 2017. The company said that full-year revenue declined 3% to $3.9bn, from $4bn a year earlier, with the spirits maker experiencing a sharp decline of 5% in the fourth quarter compared to 4% in the third quarter.

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.

FrieslandCampina WAMCO marks World Milk Day 2017 by engaging students on the versatility of milk

Nigeria’s leading dairy firm FrieslandCampina WAMCO, makers of Peak milk commemorated World Milk Day 2017 by bringing attention to the different ways milk can be used through the cook-with-milk 2017 Pecadomo Nutrition Contest. The event promoted the health benefits of milk and drew attention to the importance of preparing healthy, nutritious meals.

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.

Nampak’s profit surge 41% in half-year despite flat sales

Nampak Limited, the South African beverage can and bottle manufacturer hailed its first-half results which ended on 31 March 2017, as profit surged 41% to R853m (approx. $65m).

“We have delivered improved results, net profit up 41%, despite a tough trading environment,” said Andre de Ruyter, Nampak CEO.

“A major achievement is we were able to improve our operating efficiencies, and managed costs very closely,” he said on Tuesday.

Nestle Nigeria mulls new investments to boost growth

Nestle Nigeria Plc, said it is weighing new investment proposals to bolster its nationwide production and distribution networks to drive growth.

The company made this known at its Annual General Meeting (AGM), which held recently in Lagos. Speaking at the event, the chairman of Nestle Nigeria Plc, Mr. David Ifezulike told shareholders that the company was considering a lot of investment proposals that should strengthen its operations.

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.