Tag Archives: Heineken N.V

Big Beer, Wine and Soft Drinks Firms Vie for Majority Stake in CCBA

Big multinational beer, wine and soft drinks firms are competing for the 57% majority stake in Coca-Cola Beverages Africa (CCBA).

First reported by Reuters and Bloomberg in April, Heineken, Coca-Cola Hellenic and Castel Group are among companies that have bid for a majority stake in CCBA, according to people familiar with the matter.

Mexico readies for a fight with Heineken over alleged misuse of protected name ‘Tequila’

Mexico’s Tequila Regulatory Council (CRT) is preparing for a drawn-out legal battle against Heineken N.V. over what it alleges is the Dutch brewer’s use of the word “Tequila”, a protected name on its Desperados Lager beer when the brew does not contain the spirit.

We cannot permit someone unscrupulously to affect tequila’s prestige,” said Ramon Gonzalez, CRT Director-General.

Either they take the word tequila off it, or they put some tequila in”. If they refuse, “we’ll have no choice but to fight this in court,” he said.

Heineken Beer Heiress Is Considering Her Successor

Charlene de Carvalho-Heineken was put on the spot in 2002, when her father died. Freddy Heineken had transformed the family beer company into one of the world’s largest brewers. Upon his death, de Carvalho-Heineken, his only child and sole heir, inherited 100 million shares of the company—a 25% stake—which gave her voting control. In a matter of a few days, the mother of five, who at the time was living as a housewife in London, had to decide whether to take up the role her father had played.

Nigerian Breweries appoints Johan Doyer as Interim Managing Director

Nigerian Breweries Plc (“NB”) Board of Directors have moved quickly to appoint a new Managing Director to replace the departing Mr. Nicolaas Vervelde, who resigned last week having completed his tenure at the firm. His last day on the job would be on the 16th of June 2017.

In a statement released by the company on Tuesday, it said that the appointment of Mr. Johan Doyer will take effect on 16th June 2017 and would be on an interim basis pending the appointment of a substantive Managing Director/CEO for the company.

Nigerian Breweries Managing Director, Nicolaas Vervelde to leave post in June

Mr. Nicolaas-Vervelde

Nigerian Breweries Plc, announced on Thursday that its long-serving Managing Director/CEO, Mr. Nicolaas Vervelde, will leave his post on 16th June 2017 to take up a new role within the HEINEKEN Group outside Nigeria.

Mr. Vervelde, who has been serving as the company’s MD for nearly 7-years, was formerly a non-Executive Director of the company before rejoining the board on 1st August 2010 as Managing Director/CEO.

In a statement released by the company, it said that “The Company has recorded several laudable milestones with Mr. Vervelde at the helm of affairs including the expansion of its operations through acquisition of additional Breweries.

Heineken posts slight volume increase in Q1 amid continued macroeconomic challenges

Heineken N.V reported its first quarter 2017 results on Wednesday, posting a slight beer volume increase of 0.6% due to strong sales in Asia and Europe.

The world’s second largest brewer which reported €293m in profit in the first three months of 2017 compared to €265m a year earlier saw its sharpest beer volume increase in Asia Pacific region, with a 5.4% growth led by Cambodia, and a modest increase of 0.5% in Europe, driven by improvements in France, Spain, the Netherlands, Italy and Austria.

Heineken officially commissions Ivory Coast brewery

Heineken officially opened its Ivorian brewery, Brassivoire, a joint-venture partnership between the Dutch brewer and CFAO.

The event was graced by top Ivorian government officials, including the Vice President, Mr. Daniel Kablan Duncan and the Prime Minister, Mr. Amadou Gon Coulibaly. Also in attendance were the CEO of Heineken, Mr. Jean-Francois van Boxmeer and representatives of CFAO, among others.

Heineken full-year results lifted by strong growth in Mexico, Vietnam

Heineken N.V. on Wednesday reported a 1.4% rise in revenue for the 2016 financial year (Jan – Dec) to €20.8bn ($21.94bn) compared to €20.5bn in 2015. The company said its revenue was bolstered by strong sales in Vietnam and Mexico. It noted that it sold 3% more beer in 2016 with the biggest increase coming from Asia.

The Dutch brewer said that sales also rose in Europe, especially in France, Italy, Poland, Spain and Mexico, which offset declines in Nigeria, the Democratic Republic of Congo (DRC) and Russia, where it has been battling macroeconomic headwinds.

Heineken in talks to buy Japanese brewer Kirin’s Brazil operation

Dutch brewer Heineken N.V. said it is in discussion with Japanese brewer Kirin Holdings to acquire the company’s unprofitable Brazilian business. The Nikkei Newspaper reported on Friday, a price of $870m, a fraction of the $3.9bn Kirin paid for the business.

An acquisition of Kirin’s lossmaking business in Brazil would give Heineken 19% market share in a country where it currently has only 7% share of the market to Kirin’s 12%. But more importantly, it would enable the Dutch brewer pose a stronger challenge to AB InBev, which dominates the market with 67% market share.

Heineken unveils Ivoire in new Ivory Coast brewery

Heineken N.V on Monday unveiled the first beer brewed in its new Brassivoire brewery in Ivory Coast even though the plant won’t open until 2017.

The Dutch brewer partnered with French trading firm CFAO to build a new brewery in Abidjan at a cost of 100 billion CFA francs ($172m). The deal was first announced last year with Heineken holding 51% stake in the joint-venture to CFAOs 49%.