Tag Archives: International Breweries Plc

XLR8 emerges winner of International Breweries Plc Public Relations Account

International Breweries Plc, the Nigerian subsidiary of AB InBev, the world’s largest brewer has appointed leading communications consultancy, XLR8 to manage its public relations. The appointment which is sequel to a competitive bid, will see XLR8 taking responsibility for all of the company’s corporate as well as brand-related communications.

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

International Breweries Plc (“IB Plc”) has announced the appointment of Mr. Andrew Scott Murray as a Non-Executive Director of the Company.

According to a statement from the company, Mr. Murray is currently the Vice-President, Finance for AB InBev Africa, leading the finance function across the AB InBev Africa operations, based in Johannesburg, South Africa. Prior to that, he was the Global Director, AB InBev M&A based in New York with exceptional track record of handling transactions and corporate disposals of different description and magnitude. He was also part of the AB InBev’s focused group on Budgeting and Business Performance Optimization.

Int’l Breweries loss widens on higher expenses, finance charge despite strong sales growth

International Breweries Plc (“IB Plc”) said it rang-up a net loss of ₦7.1bn for the first nine months of 2018. This is despite seeing a revenue growth of 128% to ₦83bn in the period from ₦36.5bn in the prior year.

The Nigerian unit of Anheuser-Busch InBev said skyrocketing net finance cost was to blame as it rose 187% to ₦9.2bn.

Hero Lager marks 17th Annual Ofala Festival with Obi of Onitsha

Hero lager, a premium beer brand from the stables of International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev, celebrated the 17th edition of the annual Ofala Festival in Onitsha with the Obi of Onitsha, His Majesty, Igwe Alfred Achebe and his subjects at the Ime Obi (his palace). The beer brand is a major sponsor of the event.

Weather, need for better planning forces postponement of second ‘Nigeria Beer Festival’

The Second edition of Nigeria Beer Festival billed to hold from September 25 to October I, 2018 has been shifted forward by one month and will now begin on October 25 to October 31, 2018.

Organisers of the event, On and One Events (001) Limited, explained that the postponement is to allow the rain to subside and guarantee a more conducive environment for participants during the festival.

Lagos to host 2nd ‘Nigeria Beer Festival’

Lagos State is set to host the second edition of the Nigeria Beer Festival, between September 25 to October 1, 2018.

The annual event is being organised in partnership with beer brewers in the country and their counterparts across the globe to create maximum excitement during the week-long fiesta. It will climax with the Independence Day Mega Concert to commemorate Nigeria’s independence.

Int’l Breweries unveils new N90bn brewery in Sagamu

International Breweries Plc, has commissioned its N90bn ($250m) state-of-the art brewery in Sagamu, Ogun State.

The brewer which is the Nigerian subsidiary of Anheuser-Busch InBev has promised to create 600 direct and over 2000 indirect jobs along the value chain.

Nigeria’s President, Muhammadu Buhari, who commissioned the plant on Tuesday restated the government’s commitment to securing the business environment so that foreign direct investment (FDI) could flow into the country.

International Breweries sets August 28th for commissioning of newly built Sagamu brewery

International Breweries Plc (“IB plc”), the Nigerian unit of Anheuser-Busch InBev has announced Tuesday, August 28 as the date it will commission its newly built brewery.

The new brewery which was constructed at a cost of US$250 million will be commissioned by Nigeria’s President, Muhammadu Buhari.

Int’l Breweries sustains sales growth in first half despite loss

International Breweries Plc, the Nigerian subsidiary of AB InBev has seen its losses widen in the first half of 2018 to N2.8bn, from N2.2bn in the first quarter.

The loss came despite a strong revenue boost of N53bn in the first half.

Golden Guinea drags Pabod Breweries to court over alleged trademark infringement

Golden Guinea Breweries, the Umuahia, Abia State-based brewer on the cusp of making a comeback to the nation’s beer market has filed a lawsuit at a Federal High Court against Pabod Breweries Limited, a subsidiary of AB InBev.

The suit seeks N10bn general damages from Pabod for alleged infringement of Golden Guinea’s trademark for the production of Eagle Stout.