Daily Archives: September 6, 2016

Sosaco Nigeria enters the full cream dairy segment with launch of Jago Gold Full Cream Milk Powder

Competition in the full cream milk segment of the dairy sector is about to get even stronger with the launch of Jago Gold Full Cream Instant Whole Milk Powder by Sosaco Nigeria Limited.

The company which imports and repackages milk powder in different forms from its ultra-modern facilities in Lagos and Sango Ota, Ogun State said that it was targeting the premium segment of the milk powder market. According to the brand handlers, Jago Gold comes with key vital nutrients, Vitamins and Minerals that ensure strong and healthy growth.

LVMH Wine & Spirits group records 7% revenue growth

French luxury goods maker, LVMH Moet Hennessy Louis Vuitton said its revenue in the first-half of the year grew 3% from last year to €17.2bn, while the group’s net profits totaled €1.7bn, an increase of 8% on the previous year.

The company which makes high-end perfumes, cosmetics, fashion and jewellery, among others said that its wine and spirits brands had an “excellent performance” with Hennessy Cognac recording double digit growth. The brand saw a 13% volume increase in the first-half, helped by “substantial momentum” in the US, the Caribbean, Africa and Travel Retail channels.