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 »

Smoov Chapman marks Mother’s Day with big Celebration

SMOOV Chapman, a product of The La Casera Company held its much anticipated mother’s day party, ‘SMOOV moms’ day out on Sunday, the 12th of May 2019, at the prestigious Radisson Blu Hotel with over 180 Chapmoms in attendance. Attendees were treated to an exciting time from the entrance into the hall with red carpet sessions and a 360 phototainment booth with different costumes.

Maltina Teacher of the Year 2019 entries Open

Nigerian Breweries Plc., Nigeria’s foremost brewing company has announced the opening of entries for the 2019 Maltina Teacher of the Year. This year’s edition is the fifth edition of the programme.

Speaking at the flag off ceremony held in Lagos on Thursday, May 16, 2019, the Corporate Affairs Director, Nigerian Breweries Plc., Mrs. Sade Morgan disclosed that the Maltina Teacher of the Year is one of the initiatives through which the company contributes to the development of education in Nigeria in line with its corporate philosophy of ‘Winning with Nigeria’.

Ekiti State Government revives Gossy Table Water

The Ekiti State Government on Tuesday commissioned Gossy Table Water production plant, indicating the commencement of full scale production of the popular table water brand, a year after the parent company was liquidated.

The commissioning was led by the Governor of Ekiti State, Dr Kayode Fayemi, who led other dignitaries to the plant.

Commenting on the re-launch, Fayemi said it was regrettable that the Gossy Water Company, which could have been generating revenues for the state, went moribund due to lack of conducive environment for ease of doing business in Ekiti State after he left office in 2014.

Int’l Breweries names Olutoyin Modupe Odulate to its Board as an Independent Non-Executive Director

International Breweries Plc has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company.

According to a statement released on Tuesday by the brewing company, Odulate is a seasoned Consumer Goods and FMCG senior management professional with over 16 years of multi-national corporate experience in retail management & distribution, supply chain optimization, strategic development, operational planning, risk management, business development, product development, branding and marketing across the telecoms, management consulting & Consumer Goods /FMCG industries.

EU Competition Commission fines AB InBev €200m for impeding cross-border trade

The European Competition Commission has levied a fine of €200 million on Anheuser-Busch InBev in its Belgian home market for abusing its dominant market position to keep price of its popular Jupiler beer brand high.

Margrethe Vestager, EU competition commissioner, said: “Consumers in Belgium have been paying more for their favourite beer because of AB InBev’s deliberate strategy to restrict cross-border sales between the Netherlands and Belgium.

Nigerian Breweries Toasts Trade Partners at Annual Distributors Award

Nigerian Breweries Plc celebrated its trade partners on Friday as the firm held its 2019 Distributors Award, thanking them for their great performance in 2018.

The company said the gesture was in recognition of the importance of trade partners to its continued growth.

The year’s celebration which was held at the prestigious Transcorp Hilton Hotel in Abuja on Friday, was a platform for Nigerian Breweries Plc to reward outstanding distributors, announce new incentives for its trade partners, as well as receive feedback on its brands and innovations from its trade partners.

AB InBev seeks to raise cash from Asia Business unit

Anheuser-Busch InBev (AB InBev) said on Friday that it has applied to the Hong Kong stock exchange to sell shares in its Asia business unit known as Budweiser Brewing Company APAC.

The world’s largest brewing company is looking to sell 15% of its Asia unit to investors to raise about $5bn to $6bn dollars in an Initial Public Offering (IPO), according to sources close to the deal.

Nigerian Breweries plans to raise prices on beer as impact of excise duty hits earnings

Nigerian Breweries Plc said it plans to raise prices on its products to boost revenue and profit as the impact of the new excise duty rate increase hit earnings.

While speaking at the company’s Pre-Annual General Meeting (AGM) on Tuesday, the Managing Director of Nigerian Breweries Plc, Jordi Borrut Bel, said that with the second wave of excise duty rate increase set to come into effect in June 2019, the company needs to increase prices to offset inflationary pressure and the impact the excise duty rate increase would have on the bottom line.

AB InBev Q1 performance weighed by low consumer demand, Easter timing in key markets

AB InBev reported first quarter sales decline of 3.9% on Tuesday despite posting strong sales growth in key markets around the world. Revenue fell to $12.59bn from $13bn, adversely impacted by lower volumes in markets such as South Africa and Argentina, where the consumer remains under pressure due to challenging macroeconomic conditions.

Nigerian Breweries promises improved returns despite challenging operating environment

Nigerian Breweries Plc has assured stakeholders of a positive return on investment in 2019 despite a challenging operating environment for manufacturers.

The brewing giant made this known on Tuesday while briefing the media at its Pre-Annual General Meeting (AGM) held in Lagos.

The company said that the challenging operating environment continued into the first quarter of 2019, similar to what was seen in 2018, but feels strong with its clear strategy to deliver good returns to all of its stakeholders.