Tag Archives: Heineken N.V

Heineken agrees to Cross-Shareholding deal with China Resources

Heineken N.V has agreed to sell its China business to China Resources Beer Holding Company Limited (CRH Beer Ltd) in exchange for a 40% stake in the company. CRH Beer is the parent company of CR Beer, China’s largest beer company and maker of popular Snow beer in China.

The $3.1bn investment will give Heineken a strong local partner in a market where it has struggled to break into ever since entering the market in 1983.

Heineken sees growth acceleration in first-half despite lower operating profit warning for second-half

Dutch brewer Heineken N.V said that net revenue for the first six months of 2018 grew 4.2% to €10.7bn, from €10.3bn in 2018.

The company said that consolidated beer volume grew 4.5%, while Heineken brand own volume rose 7.5%, with positive momentum in all regions especially in Africa, Middle East & Eastern Europe and the Americas. The growth came from double digit gains in Brazil, South Africa, Russia, UK, Nigeria, Mexico, Poland, Germany and Romania. The company notes that it continues to benefit from global sponsorship platforms such as UEFA Champions League and Formula 1.

Heads of FrieslandCampina, Heineken commit to increased investments in Nigeria

The leadership of Dutch firms in Nigeria have pledged to increase their investments in the country.

The commitments were made when Nigeria’s President Muhammadu Buhari, met with some of the CEOs of the Dutch firms during his official visit to The Hague, Netherlands.

Heineken introduces limited edition world labels in Nigeria

Heineken brand, the world’s most international premium lager beer has launched a limited edition world label in the Nigerian market. The initiative which is billed to run from June 2018 to 31st August 2018 is meant to celebrate the brand’s presence in 192 countries.

AB InBev withdraws funding for alcohol study as industry’s influence is questioned

The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said it is withdrawing its financial support for a controversial study that will look into whether there are any health benefits to drinking alcohol in moderation.

The ten-year long clinical study which was announced last year had the financial support of the alcohol global heavyweights such as Diageo, Pernod Ricard, Heineken, Carlsberg and AB InBev.

According to the New York Times, the total amount so far raised by the drinks companies for the study is $66 million, of which AB InBev gave $15.4 million.

Doing business in dangerous places: How Heineken beer survives in Congo

Brewers are rare colonial-era holdouts in a notorious trouble spot.

Bralima brewery in Kinshasa, the capital of the Democratic Republic of Congo (DRC), is an island of modernity in a city where chaos is the norm. Inside a building near the docks where barges begin the journey up the Congo river, conveyor belts rattle as thousands of glass bottles are washed and filled with amber liquid. A generator hums to power the new brewing machinery, creating enough booze to fill 28,000 crates every two days.

Heineken sold 4.3% more beers in Q1 than same period last year

Heineken NV said on Wednesday that consolidated beer volume for the first quarter grew 4.3% organically, with the biggest growth coming from markets in Asia Pacific, Americas, and Africa, Middle East & Eastern Europe. The growth was against a backdrop of lower volume in Western Europe which was impacted by the cold spell in places like France, Spain and Austria. Total volumes in Europe fell 1.7% as the benefit of an earlier Easter was more than offset by colder weather.

Heineken accused of not doing enough to protect female sales agents from sexual abuse in Africa

Dutch brewer Heineken said it will do more to protect is sales agents in Africa after a Dutch newspaper, NRC published allegations of widespread sexual abuse of sales agents in 10 countries where the company operates.

According to the report, Heineken indirectly employs about 2,000 women as “promotional girls” in Africa out of a 15,000 women global sales force based on internal research done in 2007.

The sales agents job involve going around to bars, cafes and restaurants with promotional crates to persuade owners to stock the company’s brands.

China Resources seeks buyout of Heineken’s Chinese business

China Resources Beer (Holding) Co Ltd (CR), China’s largest brewer is said to be in talks to acquire Heineken NV’s Chinese business as the Dutch brewer looks to exit the market.

According to Reuters which first broke the news on Thursday, the transaction could be worth more than $1 billion. Details of the talks are still ongoing and could yet fall apart.

Heineken opens new greenfield brewery in Mexico

Dutch brewer Heineken N.V. announced on Wednesday the opening of a new brewery in Mexico. Located in Meoqui, Chihuahua State, it will be the company’s seventh brewery in the country.

At a cost of $500 million, the plant is said to be the biggest greenfield brewery in Heineken’s history, with a production capacity of 6 million hectoliters per year and will produce leading brands such as Tecate, Dos Equis and the Heineken brand for the Mexican market and for export.