Beverages
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Guinness Nigeria sustains 11% revenue growth in FY23 despite prevailing macro-economic headwinds
NIGERIA – Guinness Nigeria, a Nigerian-based subsidiary of Diageo Plc, has been hit by the cost of sales increase in the Full Year 2023 that…
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Dutch Government launches criminal investigation against Heineken over deposits cans rule
NETHERLANDS – Heineken, one of the largest brewers by volume in the world, is facing a criminal investigation after allegedly failing to meet the deadline…
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EABL’s full year profit shrinks 20.8% as illicit liqour makes a comeback
EAST AFRICA – East African Breweries Plc (EABL) has revealed that the resurgence in illicit trade, as consumers move to cheaper unregulated products because of…
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Infant Nutrition becomes largest growth contributor in Nestlé’s Zone Asia, Oceania and Africa in H1 2023
SWITZERLAND – Food giant Nestlé has posted double-digit growth in Middle East Asia and Africa as the Zone Asia, Oceania and Africa (AOA) in general…
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Coca-Cola to adjust prices according to local market inflation, posts 34% profit growth in H1 2023
GLOBAL – Coca-Cola aims to take price with local market inflation in developing and emerging markets even as the company sees consumers globally are getting…