Cream Liqueur sees growth with new players, more flavours

Cream liqueur is experiencing renewed growth in Nigeria, spurred by increased interest by consumers, particularly women. It is a favourite of women because it is a type of alcoholic spirits for people More »

Modular building technology firm sees growth opportunities in various sectors as economy recovers

Lange & Grant, an integrated projects development company with a complete in-house assembly line facility to produce large scale insulated sandwich panels, made with polyurethane foam for commercial projects said that the More »

Category Archives: Soft drinks

La Casera launches three new variants of its Bold soft drink

La Casera Bold variants

The La Casera Company (TLCC) has bolstered its Bold soft drinks brand with the addition of three new flavours – Orange, Tropical and Ginger in addition to the existing Bitter Lemon flavour.

The unveiling took place at a grand event at Eko Hotels & Suites, Victoria Island, Lagos.

CHI Limited introduces Chi Exotic and Chivita Ice Tea in Cans

chi_exotic_chivita_ice_tea_in_cans

CHI Limited, Nigeria’s leading fruit juice company has announced the launch of Chi Exotic fruit juice and Chivita Ice tea in new hip, trendy and convenient cans.

According to the company, the launch once again demonstrates the company’s continuous quest for innovation that meets the dynamic needs of Nigerian consumers. It would be the first time a mainstream juice brand is available in cans.

Champion Breweries post strong profit growth in full year, driven by surge in sales

champion breweries logo

Champion Breweries Plc reported strong profit growth for the full year 2019. The company’s profit rose to N169m from a loss of -N264m in the previous year, driven by a 45% rise in revenue.

Gross profit jumped by 62% to N1.92bn reflecting the strong revenue growth.

Selling and distribution expenses surged by 47% to N778m, helping boost revenue and profit.

Nigerian Senate wades into Rites Foods, 7-Seven Up controversy

soft drinks

The Nigerian Senate last week tried to mediate between two warring soft drinks companies who are fighting for market share and economic survival.

According to the Senate Committee on Ethics, Privileges and Public Petitions, it said it received a petition from the management of Rites Foods Limited, an indigenous soft drinks company and makers of Bigi soft drinks over alleged threat to its security and existence by Seven-Up Bottling Company Limited, bottlers of Pepsi cola, Mountain Dew and others.

PepsiCo reports higher sales for 2019

pepsico

New York-based PepsiCo, Inc said its sales grew by 4% in fiscal 2019 to $67.1bn, with the fourth quarter recording a 5.7% growth in sales to $20.6bn.

The company noted that its Frito-Lay North America snack business and PepsiCo North American business unit were partly responsible for lifting the company’s sales by 4% and 3% respectively.

PepsiCo gets South African regulatory approval to acquire Pioneer Foods

pepsico-pioneer foods

PepsiCo Inc said it has received approval from the South African Competition Commission to acquire South African-based Pioneer Foods. The Commission has recommended to the country’s Competition Tribunal the approval of the proposed transaction in which Simba (Pty) Ltd, a subsidiary of PepsiCo, intends to acquire Pioneer Foods Group Limited subject to certain conditions.

PepsiCo, through Simba, supplies several ready-to-eat products in South Africa under well-known brands which include Simba, Lays, Dorito’s, NikNaks and Fritos.

Beta Glass ends year with higher sales and profit

glass bottle manufacturing

Beta Glass Plc reported higher sales and profit for the full year ended 31 December 2019.

The glass bottle maker said that sales grew by 12% to N29.4bn from N26.3bn in the previous year. Cost of sales rose by 9% to N22bn.

Selling and administrative expenses saw a modest increase of 19% and 5% respectively.

Coca-Cola ends year on a high

coca-cola

Coca-Cola on Thursday reported higher sales and profit for the fourth quarter and full-year 2019, driven by concentrate sales growth of 2% for the quarter and 1% for the full year, with a price/mix rise of 5%

Net sales in the quarter grew by 16% to $9.1bn, while full-year net revenue rose by 9% to $37.3bn. The company said that the fourth quarter included one additional day, which resulted in an approximate 1-point benefit to revenue growth.

NBC names Matthieu Seguin as Managing Director

matthieu_seguin

The Nigerian Bottling Company Limited (NBC) has announced the appointment of Matthieu Seguin as its new Managing Director.

Seguin succeeds Georgios Polymenakos who was appointed in August 2016 through October 2019.

According to a statement signed by the Public Affairs and Communications Director for NBC, Mr Ekuma Eze, Seguin was until his recent appointment the General Manager for Coca-Cola HBC Ireland and Northern Ireland for almost four years.

Coca-Cola Nigeria donates $100,000 for MEDIC

Coca-Cola

THE Coca-Cola Foundation has given $100,000 grant to Mental and Environmental Development Initiative for Children (MEDIC) to implement a Recycling Scheme for Women and Youth Empowerment (RESWAYE).

The company said it is a further testament of its commitment to empowering women, youths and building sustainable communities.