Grand Oak Limited, a marketing and distribution company in the wines and spirits sector and a subsidiary of the Lexcel Group has re-launched one of its top brands, Lord’s Dry Gin.
The unveiling was at the company’s 2016 Distributor’s Conference, held recently at the Golden Tulip Hotel, Festac, Lagos.
The re-branded Lord’s Gin comes in a new bottle and more stylish packaging fit for consumers with a distinctive taste and classy style.
SABMiller Plc, the global behemoth in the midst of being acquired by its bigger rival, Anheuser-Busch InBev (AB InBev), said on Wednesday that its full-year net profit ending March 31 2016 fell 18% due to impairment charges related to closure of its business in South Sudan and a partial pull-back of its activities in Angola ($561m). Both countries have suffered from devaluation of their currencies, making obtaining foreign currencies difficult for businesses.
The National Agency for Food and Drug Administration and Control (NAFDAC), said on Tuesday it has uncovered a counterfeit syndicate operating out of the Mile-3 Ultra Modern Market, Port Harcourt and specializing in producing alcoholic spirits of different brands, both domestic and foreign.
Gruppo Campari, the Italian spirits maker, which operates in Nigeria through Brian Munro Limited, reported flat sales of €327.4m in the first quarter of 2016, although, excluding the effects of currency movements, organic growth would have been 7.2%
With the myriad of macro-economic challenges facing businesses in Nigeria, particularly, the Fast Moving Consumer Goods companies (FMCG), alcoholic beverage brands and to a lesser extent non-alcoholic beverage brands will feel the pinch more with lower profits as consumers look for cheaper brands. This was the assessment of analysts at Moody’s Investors Service, a global country and market rating company.
Coca-Cola HBC, the bottler of Coca-Cola products in Nigeria has said it will introduce Monster Energy brand in Nigeria in the second-half of this year.
Speaking to analysts at the company’s Q1 trading update, CEO Dimitris Lois, said Monster would launch in “late Q3, early Q4”.
Coca-Cola HBC, the bottler of Coca-Cola products in Nigeria, said on Friday it was open to further acquisitions in Africa if the right opportunity became available, its chief executive, Dimitris Lois said.
Coca-Cola HBC, said that weak currencies in emerging markets and a strong Euro combined to hit revenue in the first quarter of 2016. It noted that if the effect of currency movements were removed, sales would have risen 2%.
The bottler of Coca-Cola brands in 28 countries including Nigeria said that net sales revenue fell 2.7% to €1.32bn, from €1.35bn in the same period a year ago. Volume growth for the group was flat at 439m cases, helped by increases in developing and emerging markets.
International Breweries, the Ilesha-based brewer owned by SABMiller, said on Tuesday that its revenue for the quarter ending March 31 2016 rose 13% to N23.3bn, from N20.6bn for the same period in the previous year.
Anheuser-Busch InBev (AB InBev), the world’s largest beer company, said on Friday it had reached an agreement with one of its subsidiaries, Ambev, the Brazilian brewer, whereby it will transfer SABMiller’s businesses in Panama to Ambev in exchange for Ambev’s businesses in Colombia, Peru and Ecuador.
