Heineken announces plans to invest US$58.25m in UK pubs

UK - Heineken, the world’s second largest brewer, has announced plans to pour US$58.25 million into the UK’s struggling pubs to fund fund 140 projects and upgrades. According to the company, its British arm will invest the money into around 500 of the 2,900 pubs owned by its Star Pubs & Bars unit, with the…

Carlsberg considers Indian Listing to tap growing market for ‘foreign beer’

INDIA- Danish global brewer, Carlsberg Group is planning for local listing for its Indian operations in a bid to grow its market share in the beer business dominated by United Breweries. According to an article by the Bloomberg, Carlsberg may be attracted by the high valuations in the Indian stock market, where United Breweries trades…

Carlsberg India introduces a beer crafted ‘Carlsberg Smooth’

INDIA - Carlsberg India, the global brew company that produces and supplies beer, has announced the launch of Carlsberg Smooth, a premium mild beer made with the finest European Barley for a rich and smooth taste. According to the company, the new brew is a combination of classic and modern portfolio, with superior quality from…

AB InBev’s Nigerian Subsidiary Int’l Breweries restructures its board

NIGERIA - International Breweries Plc (IB Plc), the company unit of the world’s biggest brewer AB InBev has announced major restructuring of its Board of Directors after completing a three-way merger with Intafact Beverages Limited and the Pabod Breweries Limited. The Board has appointed Igwe Nnaemeka Alfred Achebe as its new chairman to succeed Sunday…

Heineken USA appoints Maggie Timoney as first female CEO

USA - Heineken USA has appointed Maggie Timoney, former Heineken Ireland CEO as its new CEO, the first woman to serve as chief executive at the Dutch brewing company Heineken International effective 1 September 2018. She succeeds Ronald den Elzen who took over the position in 2015 and will be returning at Heineken N.V headquarters…

Distell re-lists on JSE, seeks new opportunities in China and Africa

SOUTH AFRICA - Distell, the South African brewer has been re-listed on Johannesburg Stock Exchange and the company is eying growth opportunities in China and the rest of Africa. The planned restructuring of its corporate structure involved suspension of Capevin, which holds a 29% stake in Distell from JSE on May 30 to form a…

Nigeria’s new excise duty on alcoholic beverages kicks off June 4

NIGERIA - The Federal Government of Nigeria has announced that the excise duty rates on alcoholic drinks and tobacco approved by President Buhari kicks off on Monday 4 June 2018. The Vanguard quoted the Minister of Finance, Mrs Kemi Adeosun who said the new excise duty rates would spread over a three-year period from 2018…

Coca-Cola announces US$1.2b investment in Argentina

USA - The Coca-Cola company has announced a US$1.2bn investment in Argentina over the next three years to 2021, aimed at improving operations and expand production in the country. The new investment adds to the US$1 billion it committed to invest in the country in partnership with its four bottling partners including Coca-Cola Andina, Arca…

Diageo announces leadership changes at the division, appoints new CFO

USA - Diageo, owner of the Johnnie Walker brand of alcoholic beverages has announced the appointment of Lavanya Chandrashekar, former Mondelez executive as the new chief financial officer of its North American division effective 1 July 2018. Chandrashekar, who has held regional CFO roles in both EMEA and North America will report to Diageo North…

United Breweries launches Amstel to expand its super-premium beer range

INDIA - The Indian beer maker, United Breweries Ltd (UBL) has launched the popular Dutch beer brand, Amstel in India to expand on its super-premium brands portfolio while increasing its market share in this segment. Amstel is a slow brewed and extra matured lager from UBL’s parent company Heineken NV, internationally appreciated for its quality…