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 »

PepsiCo limps to year end as rising costs crimp on earnings

PepsiCo, the company behind such brands as 7Up, its namesake soda Pepsi, Mountain Dew, Aquafina bottled water, among others reported a 2% revenue growth for the full year 2018 to $64.6bn. Fourth quarter sales was flat at $19.5bn as the previous year.

Full year net income rose to $12.55bn, from $4.9bn in the previous year, while fourth quarter net income showed a profit of $6.85bn compared to a loss of -$710m in the same period in the previous year due to a one-time $2.5bn tax charge related to the new U.S. tax law. 

Coca-Cola HBC buys Serbian Confectionery Company, Bambi

Coca-Cola Hellenic Bottling Company (CCHBC) has acquired Serbian confectionery company Bambi in a deal valued at €260 million.

Bambi, which was formed in 1967, manufactures a range of products, including biscuits, wafers and savoury snacks. Its brands include Bambi, Plazma, Wellness, Zlatni Pek, and Josh.

Ghana’s Alomo Bitters shipped 580,000 Cartons in Nigeria in 2018

Alomo Bitters, an alcoholic bitters drink from the stable of Kasapreko Limited, a Ghanaian manufacturer of alcoholic and non-alcoholic beverages said it sold 580,000 cartons of the product in Nigeria in 2018, translating to 13.9 million bottles.

According to the Nigerian Sales Representative for Kasapreko Limited, Mr John Adesoye, the product which sells for between N150, N250 and N850 and comes in 100ml, 200ml and 750ml bottles, are called Kasapreko Alomo, Kalahari K20 and Alomo Sachet.

Coca-Cola HBC ends year on a high

Coca-Cola HBC AG, the parent company of the Nigerian Bottling Company Limited (NBC) and group bottler in 27 European countries said that 2018 full year revenue grew by 2.1% to €6.7bn.

The firm said that sales growth was driven by 4.2% volume growth across all segments, buoyed by Sparkling beverages. However, Italy and Nigeria saw volume declines, with the company faced with a competitive environment in Nigeria.

Chellarams DMK unveils Real Active Chocolate Malted Drink

Chellarams DMK Limited, the dairy arm of Chellarams Plc, has extended its Real Activ product line with the launch of Real Activ Chocolate Malted food drink.

According to the company, the drink which contains twelve essential nutrients with immense nutritional benefit is targeted at children who need to be active in school and at play and adults who require constant energy for work even as it contains the appropriate amount of sugar needed.

Coca-Cola full year revenue fall on refranchising costs, currency headwinds

Beverage giant Coca-Cola on Thursday announced its results for full year 2018. The company reported a 10% decline in revenue to $31.9bn, down from $35.4bn in 2017, with sales falling 6% in the fourth quarter to $7.1bn. The company blamed the decline on costs associated with bottler refranchising of company owned operations and currency headwinds.

Heineken sees marginal profit decline in 2018

Heineken N.V. on Wednesday reported a decline of 1.6% in net profits for the full year 2018 to €1.9bn, caused by a €183m impairment charge in the Democratic Republic of the Congo (DRC) and acquisition costs from Brazil. In the same period in 2017, the company recorded €2.2bn in profits.

However, the company said that total revenue for 2018 grew by 3.7% to €26.81bn from the previous year, with total beer volumes up by 4.4%, helped by a boost from its Heineken brand, which grew 7.7%, its best performance in a decade. The Dutch brewer notes that its newly launched Heineken® 0.0 is now sold in 38 countries, from 17 in 2017.

Coca-Cola to launch Orange Vanilla Coke flavour in the US

The Coca-Cola Company has announced it will launch its first new trademark Coca-Cola flavour in the US in more than a decade.

The beverage giant said that the new trademark Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar will be available as of 25 February.

Speaking on the launch, Coca-Cola Brand Director, Kate Carpenter, said “We wanted to bring back positive memories of carefree summer days.

Int’l Breweries appoints Richard Rivett-Carnac as a Non-Executive Director

International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Mr Richard Rivett-Carnac to its Board as a Non-Executive Director.

In a statement, the company said that Mr Rivett-Carnac is the Mergers and Acquisitions/Treasury Director for AB InBev Africa, based in Johannesburg, South Africa. He is a Chartered Accountant and was an investment Banker with Barclays Capital U.K. He also worked with KPMG ABMiller group in 2009.

Drinking hibiscus tea may help reduce cardiovascular disease risk, says new study

A team of scientists from Nigeria and Britain studying the effects of consumption of hibiscus tea on cardiovascular health has found significant increase in ‘flow-mediated dilation’ of the brachial artery after participants consumed hibiscus tea after a meal. Flow-mediated dilation refers to the widening of an artery when blood flow increases in that artery, considered a gold standard to measure vascular endothelial function.