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 »

Cost savings and product quality enhancements boost Suntory Beverages half-year results

Japanese beverage firm, Suntory Beverage & Food Limited said on Tuesday that half-year sales and profit for 2017 was lifted by focus on strengthening its brands and creating new demand as well as managing cost structure and product quality improvements.

The company which makes Lucozade and Ribena said that revenue for its non-alcoholic beverages and foods grew 1.7% in the half-year through end of June to ¥685.7bn yen ($6.2bn), from ¥674.4bn ($6.09bn) in the same period in 2016.

AB InBev, Anadolu Efes to combine operations in Russia, Ukraine

Anheuser-Busch InBev and Anadolu Efes, Turkey’s largest brewer announced on Wednesday that they have agreed to merge their businesses in Russia and Ukraine as part of an effort to bolster their businesses in a slowing market.

The Russian market which was once embraced by big international brewers has declined in recent years due to a weak economy, international sanctions and government regulation to curb drinking by raising taxes and limiting sales.

Promasidor Nigeria names Einarsson as new Managing Director

Promasidor Nigeria Limited announced on Tuesday the appointment of Mr. Anders Einarsson as its new Managing Director, taking over from Mr. Olivier Thiry, who has now been moved up to the chief executive officer position.

A statement from the company, said that until his elevation, Einarsson served the organization diligently as chief operating officer (COO). He joined PNG in 2013 as Strategy Director and was later promoted to the Finance Director position.

Lagos State to host first Beer Festival

As part of efforts to stimulate tourism and the local economy, Lagos State is set to host the maiden edition of the Nigeria Beer Festival from September 25 to October 1, 2017.

The Lagos State Government is partnering with beer brewers in the country and their counterparts across the globe to create maximum excitement during the week-long festivities that will climax with the Independence Day Mega Concert to commemorate Nigeria’s independence.

Campari half-year results boosted by global priorities, positive exchange rate

Gruppo Campari, the Italian spirits group hailed its first-half results as sales grew 13.5% to €844.7m, helped by strong growth of high-margin global priorities and regional priority brands.

The maker of SKYY vodka and Wild Turkey bourbon said that it also benefitted from a positive exchange rate effect of 1.8% as many currencies it trades in increased in valuation. The company adds that the consolidation of the Grand Marnier acquisition in July 2016 helped boost sales as well as the termination of some distribution agreements and sale of non-core businesses.

Coca-Cola seeks sweetener innovations from scientific community, public

Atlanta-based Coca-Cola Company, said it wants to reach out to the scientific community to find a “naturally sourced, safe, low- or no-calorie compound that creates the taste sensation of sugar when used in beverages and foods.” The grand prize is $1 million.

The other is the “sweet story challenge” that invites people around the world to “submit written anecdotes and videos about their favorite, tried-and-true methods of naturally sweetening foods or beverages in their cultures, communities or families.” Up to five individual or team winners will vie for $100,000 in total prize money.

CWAY’s Nutri-Milk celebrates 10 year anniversary, unveils new logo

Nutri-Milk beverage, a brand of CWAY Foods and Beverages Nigeria Limited marked its 10th Year Anniversary recently in Lagos, as the brand unveiled a new logo.

At the event, the General Manager, CWAY Foods and Beverages Nigeria Limited, Figo Zheng, said the decade anniversary celebration was quite important for the company because it offered the management the opportunity to appreciate loyal customers who had stood with the company through thick and thin.

Guinness Nigeria stakes its future on low cost beer

Guinness Nigeria Plc, said it plans to broaden its participation in the value segment of the beer market as part of its strategy to return to profitability.

The maker of Guinness Extra Stout made this known in a rights Issue prospectus it released to shareholders in July. The company is seeking to raise N39.7bn ($109m) to enable it optimize its capital structure and reduce outstanding debt. The firm expects subscription to the rights issue and payment of debt obligation will be completed by the fourth quarter of 2017.

Moët Hennessy half-year result boosted by growth in U.S., China

Moët Hennessy, the wines & spirits arm of French luxury goods maker Louis Vuitton Moët Hennessy (LVMH) reported 12% revenue growth in the first-half of the year ended June 30.

Sales rose to €2.3bn from €2bn in the previous year, driven by volume increase in the United States and a robust upward momentum in China. Europe also had a strong start to the year, the company said.

Chellarams suffers sales decline in full-year

Chellarams Plc, said on Friday that revenue for its combined packaged dairy business known as FMCG and its bulk milk ingredients business fell 44.5% to N4.5bn for the full-year ended 31 March, down from N8.1bn in the previous year.

The FMCG business alone which includes packaged Oldenburger, Regal and Real milk brands, as well as its Real Active malted food drink declined 39% to N3.8bn.  The firm recorded N6.3bn in sales in 2016.