Tag Archives: 7Up Bottling Plc

‘There is no fake Pepsi in circulation’ – Seven-Up Bottling Co.

Seven-Up Bottling Company, the bottlers of Pepsi-Cola in Nigeria has denied there is a fake Pepsi in the market.

The manufacturer which also bottles Mirinda and Mountain Dew soft drinks among others explained that the Pepsi-Cola in white caps which is what has been the source of concern to consumers is genuine and the same with the Pepsi packaged in blue caps.

Speaking further, the firm revealed that economic hardship in the country compelled it to switch to white caps when the cap suppliers could not get imported materials to make blue caps. The white caps are used as a temporary measure until the manufacturer can supply the blue caps.

7-UP receives regulatory approval to delist shares from NSE

Seven-Up Bottling Company Plc has received approval from the Nigerian Stock Exchange (NSE) to delist its shares from the Exchange following the submission of an application it made to the Exchange, seeking to delist its shares and end its 32 years on the big board. The company was first listed on the Exchange in 1986.

Pepsi to step-up marketing campaign in 2018

Pepsi, a major brand under the care of the 7Up Bottling Company Nigeria, has said it is going to leverage technology to drive its aggressive marketing this year, with the hope of increasing its share of the Nigerian market.

The brand said its unique marketing in 2017 gave it an edge over its competitors, citing the ‘NoShakinCarryGo’ campaign, which was launched at the Lekki Tollgate on 11 August, 2017.

A few weeks before then, the brand had announced that Pepsi 50cl PET bottle price was been reduced to N100 with the #NoShakinCarryGo campaign (in Lagos and Ibadan).

Mounting losses at Seven-Up lead to ₦10.3bn loss in nine months

Seven-Up Bottling Company Plc (“SBC”) reported its nine months results on Tuesday, with the ailing company posting a net loss of ₦10.3bn, a 113% increase from the ₦4.8bn loss it recorded in the previous year.

The company, which recently exited the Nigerian Stock Exchange over its continued dismal performance in recent years, said that revenue grew 9.75% to ₦83.2bn in the nine months to the end of December. In the same period in 2017, the company recorded ₦76bn in sales.

Nigerian Stock Exchange suspends trading of Seven-Up shares

The Nigerian Stock Exchange (“NSE”) announced on Friday that it was permanently suspending the trading in shares of Seven-Up Bottling Company Plc (“7-Up Bottling Company Plc”) on the floor of “The Exchange” as it tries to determine the shareholders who will receive the Scheme Consideration following the company’s majority shareholder, Affelka S.A (“Affelka”), buyout of the remaining shares of minority shareholders it does not already own.

Seven-Up Minority shareholders agree to firm’s sale

Minority shareholders of Seven-Up Bottling Company Plc on Thursday 11th January 2018 voted to sell their shares to the majority shareholder, Affelka S.A. for ₦21.4bn ($66.5 million).

At a Court-Ordered Meeting in Lagos, shareholders approved the scheme of arrangement for the buyout. With the transfer of 26.8% minority shares to Affelka, the firm’s ownership of Seven-Up increases to 100%.

Affelka ups bid for Seven-Up

Seven-Up Bottling Company Plc announced on Wednesday that Affelka S.A. (“Affelka”), the majority shareholder of the firm has raised its offer price to acquire the remaining shares of minority shareholders it does not already own at a cost of ₦21.4bn ($66.5 million)

Rights Lawyer/Activist back FOBTOB; calls on AFBTE to meet workers’ demands

Human rights activist and labour lawyer, Mr. Femi Aborisade, has called on employers in the Food, Beverage and Tobacco sector, Association of Food, Beverage and Tobacco Employers (AFBTE) to accede to the demands of workers in the sector, (Food, Beverage and Tobacco Senior Staff Association) FOBTOB, by granting them the 20% pay rise they have sought and bring to an end the industrial strike.

Striking workers in Food and Beverage sector suspend strike following mediation by Labour Ministry

Workers in the nation’s food and beverage sector called-off their strike on Wednesday following an intervention by the Federal Ministry of Labour and Employment to mediate between the warring groups.

The strike which began on Monday when members of the Food, Beverage and Tobacco Senior Staff Association (FOBTOB) downed their tools to protest their inability to reach a new collective agreement on wages and other fringe benefits with the employer’s association, the Association of Food, Beverage and Tobacco Employers (AFBTE). Members of FOBTOB were seeking among other things an upward review of their salaries by 20% instead of the 14% agreed to by AFBTE.

Trade Union Congress blames employers in food & beverage sector for strike as it enters day 2

Trade Union Congress of Nigeria (TUC) yesterday blamed the ongoing strike in the food and beverage sector on the employers under the aegis of Association of Food, Beverage and Tobacco Employers (AFBTE).

The strike which is in its second day has grounded activities in the food and beverage sector.