BUSINESS

Amstel Malta hosts FitFam Fest 2018 in support of healthy living

BUSINESS
Premium Malt drink, Amstel Malta, from the stables of Nigerian Breweries Plc recently hosted hundreds of fitness enthusiasts at the 2018 FitFam Fest. The event attracted fitness pundits and fans from different parts of the world as well as local fitness celebrities, who shared their experiences and weath of knowledge regarding the ever-growing fitness industry. Also at the event were an array of healthy food vendors, fitness exhibitors and events, fitness and wellness speakers, conference sessions and nutrition chefs at the FitFam nutrition master classes. Amstel Malta’s support played a part in delivering fun-filled experiences to participants in consonance with the brand’s commitment to always encourage people to be their best. The event also provided a very unique avenue for the brand t

Coca-Cola Beverages Africa appoints new CEO

BUSINESS
Coca-Cola Beverages Africa (CCBA), the continent’s largest Coke bottler which spans over a dozen countries announced on Monday the appointment of Mr Jacques Vermeulen, a 23-year veteran of the soda giant as its new CEO, effective 1 December, 2018. He will replace the outgoing CEO Doug Jackson, who had spent 35 years with the Coca-Cola Company. Vermeulen was until his new appointment, the Managing Director of CCBA’s International Division, which covers all of the soft drinks company’s African operations outside South Africa, since July 2016. He first joined the Coca-Cola system in 1995. “Jacques brings his strong leadership and exceptional experience in this role. His appointment serves as evidence of effective succession planning and the development of our internal talent pipeline,” said P

Court orders Nigerian Breweries to include retirement policy in employee handbook

BUSINESS
The National Industrial Court of Nigeria has asked Nigerian Breweries Plc to include its early retirement policy in its staff Handbook. In his ruling, Justice Ogbuanya ordered the firm to specify the pre-qualification, notice period and severance package in order to avoid litigation of the policy. A former Export Manager, Bala Muhammed, claimed that N5.3m was wrongfully deducted from his severance package when he opted for early retirement under the company’s Early Retirement Policy. However, the brewing company said that the deduction was valid as it was the sum equivalent to five months’ salary in lieu of his early retirement notice. The firm added that Muhammed was not entitled to full payment of the severance package without such deduction under the policy. Justice Ogbuanya awarded a s

Unilever agrees to buy GSK Indian Consumer Nutrition Business, including Horlicks

BUSINESS
Unilever announced on Monday it has agreed to buy GlaxoSmithKline Consumer Nutrition business in India, including hot malted drink Horlicks. The deal is expected to cost Unilever €3.3bn ($3.8bn) and will be paid through shares of its Indian unit Hindustan Unilever as well as cash of no more than €639m. For Unilever, it is an opportunity to acquire a fast growing product in its largest emerging market where consumer diets are changing as incomes rise. GSK’s Consumer nutrition business has annual sales of €550m, derived mostly from the sale of Horlicks and Boost, with more than 90% of the sales coming from India. The deal also includes $724m for an 82% stake in GSK’s Bangladesh unit and commercial operations of GSK in 20 other predominantly Asian markets. Unilever Food Refreshment Business H

FG, UNITAR, Guinness renew partnership to reduce accidents, deaths

BUSINESS
The Federal Government, yesterday, renewed the three-year partnership agreement with the United Nations Institute for Training and Research, UNITAR and Diageo, parent company of Guinness Nigeria, aimed at reducing deaths and injuries through accidents in Nigeria. The agreement was signed on behalf of Nigeria by the Minister of Transport, Rotimi Amaechi, while Mr. Baker Magunda, Managing Director of Guinness Nigeria and Mr. Nikil Seth, Executive Director, UNITAR, signed for the various organizations. In a joint statement in Abuja, UNITAR and Diageo, said the collaboration would see a series of major road safety events to reduce traffic deaths and injuries, and also improve road safety. Commenting on the development, Division Director at UNITAR, Mr. Alex Mejia said, “With the support of Diag