International Breweries names consultancy firm XLR8 as Public Relations partner

NIGERIA – International Breweries, the Nigerian subsidiary of the world’s largest brewer, AB InBev has appointed leading communications consultancy, XLR8 to manage its public relations. According to Beverage Industry News, XLRB will be responsible for all of the company’s corporate as well as brand-related communications. The company will leverage its corporate communications with the support…

International Breweries appoints Andrew Scott Murray as a Non-Executive Director

NIGERIA – Nigeria based International Breweries Plc has appointed Mr. Andrew Scott Murray as a Non-Executive Director of the company. In a company statement, the company indicated that Mr. Murray is currently the Vice-President, Finance for AB InBev Africa, leading the finance function across the AB InBev Africa operations, based in Johannesburg, South Africa. He…

International Breweries reports net loss of US$19m despite revenue growth

NIGERIA - International Breweries (IB Plc), the Nigerian operating unit of Anheuser-Busch InBev has said it bagged a net loss of US$19.53 million (N7.1 billion) for the first nine months of 2018. Revenue for the period grew 128% to US$228 million from US$100 million in the prior year. The company pinned the underperformance on increased…

International Breweries commissions new US$250mn Sagamu Brewery

NIGERIA- International Breweries, a subsidiary of the world’s largest brewing firm AB InBev has commissioned a new US$250 million brewery in Sagamu, Ogun State, reports Beverage Industry news. The new facility, its fourth in the country promises to create 600 direct and over 2000 indirect jobs along the value chain, the company said. Also the…

International Breweries to commission new US$250mn Sagamu plant August 28

NIGERIA - AB InBev’s Nigerian unit, International Breweries Plc (IB Plc) will commission new US$250 million plant in Sagamu, its fourth brewery in Nigeria and the biggest in West Africa on August 28. According to the Guardian, the inauguration will be conducted by President Muhammadu Buhari and complements other brewing facilities in Ilesa, Onitsha, and Port-Harcourt.…

‘International Breweries likely to face headwinds’

NIGERIA – After analysing the strong growth of the value segment in Nigeria’s beer sector, along with International Breweries Plc’s impressive volume and earnings growth over the past three years, analyst at Renaissance Capital have stated that the company will likely face headwinds going forward.