Beverages
-
Nigeria based Champion Breweries quintuple full year profit on back of improved sales
NIGERIA – Champion Breweries Plc, producer and marketer of alcoholic and non-alcoholic beverages in Nigeria, registered a fivefold surge in full year profit from N159…
-
Diageo sells Korean whisky brand Windsor to private equity group for US$162m
SOUTH KOREA – British alcoholic beverage company Diageo has agreed to sell its premium Scotch whisky brand, Windsor, to Bayside/Metis private equity group, for KRW 200…
-
European brewers Heineken, Carlsberg to completely exit Russian market
RUSSIA – European multinational brewing giants Heineken and Carlsberg have announced plans to completely exit the Russian market following the country’s invasion of its Neighbour…
-
Coca-Cola United bolsters US presence with new US$10m sales center in Panama City
USA – Coca-Cola Bottling Company United, the third-largest bottler of Coca-Cola products in the United States, has opened a new US$10 million facility in Panama City.…
-
SAB to pump US$63.2m in two South Africa based breweries to ignite economic growth
SOUTH AFRICA – The South African Breweries (SAB) seeks to invest a further R920m (US$63.2m) into its Prospecton and Ibhayi breweries, reaffirming its commitment to…