Daily Archives: November 2, 2018

Coca-Cola third quarter profit lifted by innovation, revenue growth management initiatives

Coca-Cola on Tuesday reported its third quarter results for 2018, with the soda giant posting a profit growth of 30% to $1.9bn from $1.4bn in the previous year, and $5.6bn profit in the nine months to the end of September, a 39% increase.

The company said that the profit growth was driven by continued innovation and revenue growth management initiatives within sparkling soft drinks, with double digit volume growth of Coca-Cola Zero sugar across all groups. In addition to sparkling soft drinks, the company said it saw strong performance for brands like fuze tea and smartwater.

Guinness Nigeria appoints Ajogwu, Gallagher as Non-Executive Directors

Guinness Nigeria Plc has announced the appointment of Professor Fabian Ajogwu, SAN and Mr. Paul Gallagher to its Board as Non-Executive Directors.


According to a statement released by the company, Fabian Ajogwu, a Senior Advocate of Nigeria, practices law at Kenna Partners; and is a Lagos Business School Professor of Corporate Governance. He is an Alumnus of the Said Business School of Oxford University, and an Alumnus of the Lagos Business School. He holds a Doctorate degree in Law from University of Aberdeen, Scotland; an MBA from the IESE Business School, Barcelona; and Law degrees from the University of Nigeria, and University of Lagos.

Chivita Ice Tea rebrands

CHI Ice Tea, one of many brands from the stable of CHI Limited, is now Chivita Ice Tea. As part of the rebranding, seen as a strategic move to integrate with the Masterbrand Chivita, the brand handlers say that Chivita Ice Tea now comes in a new product pack that is more aspirational, modern and trendy, with the promise of the same refreshing goodness.