South African Breweries gets nod to acquire Diageo’s Smirnoff franchise rights

SOUTH AFRICA – The Competition Commission has conditionally approved South African Breweries’ (SAB) bid to acquire franchise rights of Diageo’s Smirnoff ready-to-drink (RTD) brands in South Africa. This will see SAB, South African subsidiary world’s […]

Scotland based whisky producer earmarks South Africa as one of its top growth markets

SOUTH AFRICA – The Glenmorangie Company, a Scotland based premium whisky producer, has unveiled that it is targeting South Africa as one of its top 10 growth markets. The company’s new president and chief executive, […]

Nigerian Breweries launches new Legend Extra Stout size to expand market

NIGERIA – The Nigerian Breweries (NB) Plc has introduced a new 45cl bottle of its leading stout brand, Legend Extra Stout, as it seeks to expand its market penetration. According to the Portfolio Manager, National […]

Tanzania Breweries commits to improving local barley productivity

TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev, has pledged to support barley farmers while encouraging them to adopt modern technology and practices that will increase efficiency and productivity. Speaking during the […]

South Africa’s liqueur firm KWV unveils new limited edition of Carménère wine

SOUTH AFRICA – South Africa’s Wines, spirit and liqueur producer, KWV, has unveiled a new and limited edition of The Mentors Carménère 2017. “A first of its kind, The Mentors Carménère 2017 is a truly […]

Mahou-San Miguel acquires 70% stake in Spanish craft brewer Brutus

SPAIN – Madrid-based Mahou-San Miguel has acquired 70% stake in Spanish brand Brutus craft beer to strengthen its market position in the craft beer segment. Mahou said the purchase reiterates vision and goal of “leading […]

Amber acquires 100% stake in UK’s spirits distributor Cellar Trends

UK – Amber Beverage Group has acquired 100% stake in British wines and spirits distributor, Cellar Trends for an undisclosed sum. According to SPI Group-owned company, the acquisition delivers on its diversification strategy and positions […]

Nigerian Breweries to raise US$41.64m in series 3 and 4 of Commercial Paper programme

NIGERIA – Nigerian Breweries Plc has announced that it seeks to raise up to US$41.64 million (N15 billion) in the third and fourth series under its N100 billion Commercial Paper (CP) programme. According to a […]

International Breweries launches youth entrepreneurship programme

NIGERIA – International Breweries Plc, ABInBev’s subsidiary in Nigeria, has flagged off the 2019 edition of Kickstart, an innovative youth entrepreneurship programme. The programme empowers young people with the financial capability and training to implement […]