Tag Archives: Diageo

Diageo half-year sales rise 4.2%

February 04, 2020   Editor   No comments
diageo

Drinks maker Diageo Plc on Thursday reported its first-half sales for the 2020 financial year. The Guinness maker said that revenue grew by 4.2% to £7.2bn from £6.9bn in the previous year, driven by organic growth, with the positive impact of foreign exchange being offset by the negative impact from the disposal of 19 brands.

It noted that all regions contributed to the growth, driven by productivity benefits from everyday cost efficiencies and strong price/mix, partially offset by cost inflation and up weighted marketing investment.

Read More

AB InBev cleared to produce Guinness, Smirnoff RTD in South Africa

September 09, 2019   Editor   No comments

Anheuser-Busch InBev has received the approval from South African regulatory authorities to start producing Guinness stout and Smirnoff ready-to-drink (RTDs) in South Africa.

The Competition Tribunal of South Africa announced last week that it has granted South African Breweries (SAB), the local unit of Anheuser-Busch InBev the approval to produce, distribute, market and sell Guinness stout and Smirnoff RTDs – Storm, Guarana, Spin, Pine Twist and Berry Twist in South Africa in exchange for royalty fees paid to Diageo Plc, owners of the brands. The financial details of the transaction were not disclosed.

Read More

Diageo to go green in Africa

August 05, 2019   Editor   No comments

Diageo Plc said on Monday it will spend £180m ($220m) in green energy and water recovery solutions at 11 of its African breweries. The initiative represents the company’s largest environmental investment in over a decade.

The company said it will switch to renewable energy at three brewery sites in Kenya and Uganda. New biomass boilers will be installed to replace systems that use heavy fuel oil. The boilers will use sustainable fuel alternatives such as wood chip, bamboo, and rice husks to create steam power for the breweries, reducing carbon emissions by 42,000 tonnes.

Read More

Diageo full year results boosted by broad-based sales growth across all regions

July 26, 2019   Editor   No comments

Diageo Plc, on Thursday, reported on its full-year results for the 2018/2019 financial year ending on 30th June 2019. The spirits maker said it recorded broad-based growth across all regions with sales growing by 5.8% to £12.9bn from £12.2bn in the previous year. The growth was driven by improved price/mix,  new product innovations and productivity benefits from everyday cost efficiencies.

Read More

Diageo and AB InBev near RTD licensing deal in South Africa as Competition Commission stamp their approval

July 20, 2019   Editor   No comments

South Africa’s Competition Commission on Friday gave its green light for a partnership deal between AB InBev and Diageo in South Africa.

South African Breweries (SAB), the local unit of Anheuser-Busch InBev will get the franchise rights to manufacture, market and distribute Diageo’s Smirnoff ready-to-drink (RTD) brands in South Africa. The licensing deal includes Smirnoff Storm, Guarana, Spin Cooler, Pine Twist, and Berry Twist but excluding Smirnoff vodka. SAB will also produce Guinness products but excluding Guinness Foreign Extra Stout and Guinness Malta brands, which would still be imported from Ireland.

Read More

“We launched Guinness Gold because we’ve seen Premium tip back into growth” – Diageo

May 31, 2019   Editor   No comments

Diageo Plc has said it introduced Guinness Gold in the Nigerian premium beer segment because the category was returning to growth.

While commenting on the group’s activities in Africa at the recently concluded Diageo – Capital Markets Day in New York, John O’Keeffe, Diageo’s Africa President, said: “I think our decision to launch Guinness Gold is because, even though Value beer is still growing because of that consumer distress in Nigeria, we’ve actually seen Premium tip back into growth, which is very encouraging for us, because we haven’t seen that in a while in Nigeria”.

Read More

Diageo rolls out global parental leave revamp

May 23, 2019   Editor   No comments

British-based drinks maker Diageo Plc on Thursday unveiled its new global parental leave, offering several regional businesses at a minimum 26-weeks fully paid leave to both parents.

The parent company of Guinness Nigeria is offering all female employees in all markets at least 26 weeks of fully paid maternity leave, and has committed to offering four weeks of fully paid paternity leave worldwide.

Read More

Guinness Nigeria educates consumers on responsible drinking through platform, DRINKiQ

May 21, 2019   Editor   No comments

Guinness Nigeria Plc, part of Diageo Plc, a reputable global drinks company, has launched on ongoing campaign on excessive alcohol consumption through its platform, DRINKiQ.

The global consumer campaign, which kicked-off in London and now reaching several consumer markets including Nigeria, aims to highlight the different factors – such as age and gender – that affect how the body processes alcohol.

Diageo’s DRINKiQ enables alcohol consumers discover how responsible drinking can be a part of a balanced lifestyle; in this vein it educates and empowers them to make positive changes for their wellbeing.

Read More

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

March 26, 2019   Editor   No comments

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

Read More

Diageo half-year sales boosted by strong demand in Asia, U.S.

February 02, 2019   Editor   No comments

Diageo Plc, on Thursday reported a 6% sales growth for the first-six months of its financial year ending on 31st December 2018.

The British drinks maker behind such brands as Johnny Walker Scotch whisky and Guinness Stout said that revenue rose to £6.9bn ($9.07bn) compared to £6.5bn in the previous year, driven by stronger demand from China, India and the U.S.

Read More
« Older posts

  • Archives