Beverages
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AB InBev to slash 2% of its corporate staff across the US
USA – Anheuser-Busch InBev (AB InBev), the world’s largest beer brewer, has announced plans to slash hundreds of corporate roles in the United States to…
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Serengeti Breweries reintroduces Kibo Gold beer brand to Northern Tanzania
TANZANIA – Serengeti Breweries Limited (SBL), a Tanzanian subsidiary of East African Breweries Limited (EABL) has announced the return of the Kibo Gold brand that…
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Heineken half year profits decline as higher prices put off consumers
NETHERLANDS – Heineken, the second-largest beer company in the world, has reported a below-expectation financial performance in the first half of 2023 primarily driven by…
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Niagara Bottling to invest US$48M in expanding operations of Texas facility
US – In a strategic move to meet the ever-growing demand for bottled water, Niagara Bottling, one of the leading bottled water companies in the…
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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…