Distell Group, South Africa’s leading cider, spirits and wine producer reported revenue growth of 10.4% for the full-year ending in June 2018. Revenue grew to R24.2bn rand ($1.9bn) on a 4.6% volume lift.
The company reported a strong growth of 10.1% in South Africa, its home market on 4.4% higher volumes amid low GDP growth and higher cost of living putting increased pressure on consumer disposable income.
Distell derives 74% of its revenue in South Africa.
Aare Fatai Odesile, the CEO of Grand Oak Limited is to step down from his post effective end of September.
His resignation comes after 27 years of meritorious service at the Nigerian Distilleries Limited (NDL) and Grand Oak Limited (GOL), two indigenous spirits firms owned by the Lexcel Group of Companies.
Odesile started his career with the Lexcel Group as a Quality Control/Production Officer with NDL in 1992 and rose through the ranks to the position of Managing Director/CEO of Grand Oak Limited, the marketing arm of Nigerian Distilleries Limited in 2016.
Nigerian Breweries Plc (“NB Plc”), the country’s largest brewer by volume and sales has set a goal to expand its leadership in premium lager, build scale in mainstream segment (formerly value segment) and drive malt growth as it counters stiff competition from rivals – International Breweries Plc, a subsidiary of AB InBev and Guinness Nigeria Plc.
South African wines, spirits and liqueur producer, KWV has announced the launch of Wild Africa Cream Liqueur into the Nigerian wine market. The introduction took place at an event held at the Radisson Blu Hotel, Ikeja, Lagos on Friday, 7th September 2018.
Speaking at the event, the Brand Manager RTDs Liqueurs, KWV SA, Barry Badenhorst, said the entrance of Wild Africa is to celebrate Nigeria and to satisfy the yearnings of the consumers who want the products.
Hein Schumacher, Global CEO, Royal FrieslandCampina, The Netherlands, has donated dairy products and education materials to internally displaced persons at the Durumi IDP Camp, Abuja.
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.
PepsiCo has joined the The NaturALL Bottle Alliance to develop beverage containers that are bio-degradable.
The alliance is a research consortium formed by Danone, Nestlé Waters and bio-based materials development company, Origin Materials to accelerate the development of innovative packaging solutions made with 100 per cent sustainable and renewable resources.
Royal FrieslandCampina has announced its decision to invest 23 million euros in local milk production as part of its Dairy Development Programme (DDP) in Nigeria, according to Hein Schumacher, the company’s Global CEO.
Royal Crown Cola (“RC Cola”), a Canadian-based firm is the latest soft drink company to enter the Nigerian market heightening competition in the sector.
The company which traces its beginnings to 1905 in Columbus, Georgia USA, said they are not afraid of competition and is confident that the brand will thrive in the Nigerian market.
The soft drinks maker held a dealers forum at its newly acquired multi-billion naira state-of-the-art facility in Agbara, Ogun State.
The Coca-Cola Company (TCCC) said it has agreed to acquire British coffee chain Costa Coffee for $5.1bn expanding its reach into the global coffee market, where it has little presence. The acquisition also allows the soda giant to diversify away from its coke brand which has been experiencing declining sales as increasingly health-conscious consumers seek alternatives away from fizzy and sugary drinks.
