Budweiser unveils symbol for its beers brewed with 100% renewable electricity

USA – Brewing major Budweiser has revealed its commitment to sustainability with its announcement of a renewable electricity symbol that indicates when a Budweiser beer is brewed with 100% renewable electricity. As part of a commitment to brewing all of its beers around the world with 100% renewable electricity by 2025, in line with parent…

Coca-Cola completes major refranchising of North American operations

USA - The Coca-Cola Company has finished the refranchising program, which has changed the shape of its North America bottling operations and reduced the number of independent bottlers across the United States from nearly 70 to three major bottlers. The decade long journey to reshape its bottling system, Cola North America has completed the company’s…

Revenues down as Coca-Cola Company reports Q3 results

USA – The Coca-Cola Company has reported a 15% fall in net revenues in the third quarter as refranchising activities hit its returns in a year of economic uncertainty. While reported net revenues continued to be impacted by a headwind from refranchising, the Company delivered broad-based organic revenue (non-GAAP) growth as well as profit growth in its latest…

AB InBev profits surge 50% as SABMiller boosts operations

BELGIUM – The world’s leading brewery, AB InBev has reported a robust growth in its nine-month financials for the period ending September 30 2017, boosted by the former SABMiller operations in key emerging markets and premiumisation efforts. The brewer, which has been incorporating SABMiller’s business in its operations following its acquisition of its number two…

Emerging markets drive Heineken’s growth in third quarter results

HOLLAND – Leading Dutch brewing giant Heineken has reported a 2.5% growth in beer volume in the latest quarter, with growth in emerging markets offsetting lower volume in Europe. According to the update, the Asia Pacific, Americas and Africa, Middle East & Eastern Europe were important drivers to the growth of the company’s volume, with…

Guinness Nigeria off to a strong start in Q1 as revenue rises 30%

NIGERIA - Guinness Nigeria Plc on Thursday reported a 30% increase in revenue for the first quarter ended 30th September 2017. The Nigerian unit of British drinks maker Diageo Plc said that sales hit N29.9bn ($82.3m) in the first three months of its financial year, up from N23bn ($63.3m) it recorded in the same period…

Craft beer boom pushes number of UK breweries past 2,000

UK - More than 300 new breweries were launched in the UK last year as a boom in craft beer sales encouraged startups with specialist offers ranging from gluten-free beer to ale made from leftover bread. Growth in sales of craft beer in both pubs and supermarkets has encouraged more people interested in home brewing…

Efficiencies lifts Nigerian Breweries nine-month results

NIGERIA - Nigerian Breweries Plc (“NB”), the country’s largest brewer said on Thursday that sales for the nine-months to September ending grew 14% to N255bn ($700m). In the same period in 2016, the firm recorded revenue of N223bn ($614m). The company which is a unit of Amsterdam-based Heineken N.V. said that changing market dynamics resulted…

Beverage producers decline invitation to public hearing on soft drinks

NIGERIA - The Director General, Nigeria Employers’ Consultative Association (NECA), Mr. Olusegun Oshinowo, has asked its members to decline an invitation by the Federal House of Representatives ad-hoc Committee investigating the production and distribution of soft drinks manufactured by the Nigerian Bottling Company Limited (NBC) and other drinks produced or marketed in Nigeria. “On the…