Human rights activist and labour lawyer, Mr. Femi Aborisade, has called on employers in the Food, Beverage and Tobacco sector, Association of Food, Beverage and Tobacco Employers (AFBTE) to accede to the demands of workers in the sector, (Food, Beverage and Tobacco Senior Staff Association) FOBTOB, by granting them the 20% pay rise they have sought and bring to an end the industrial strike. The labour activist said that despite the economic difficulties the country was experiencing, the food, beverage and tobacco industry has witnessed strong growth in both revenue and profits. He cited the most recent financial results of International Breweries Plc (IBPlc) and Nestle Nigeria Plc to bolster his claim that employers in the sector has seen appreciable gains in their businesses and therefore...
Italy-based Gruppo Campari said it has signed an agreement to buy cognac brand Bisquit from South Africa’s Distell Group for €52.5m ($62m). Commenting on the acquisition, Campari CEO Bob Kunze-Concewitz said, “We are very pleased to have acquired Bisquit Cognac, as it gives us the opportunity to expand our offering into the premium and growing cognac category.” Continuing he said, “From a distribution standpoint we further strengthen our route-to-market, particularly in our recently established South African market, with potential upsides to further develop the newly acquired business internationally, particularly in US and China, the key regions for the premium cognac category. Moreover we further increase our exposure to the premium on-premise distribution channel, across both developed
Promasidor Nigeria Limited, makers of Cowbell and Loya Milk, Top Tea and others held its Annual Distributors Award Forum this year in Dubai. The event was attended by the company’s top officials including its Managing Director, Mr. Anders Einarsson, Regional Sales Manager, North Central, Mr. Fakulude Bamidele and its most valued distributors. The most valued distributors were treated to the sights and sounds of Dubai, shown gratitude and rewarded with prizes. The distributors were also shown the latest trends in Marketing and distribution.Powered by WPeMatico
Schweppes Novida Pineapple, a product of the Coca-Cola Company was recently launched in Lagos on 15th December 2017 amid fanfare. The brand threw an extravagant, classy black carpet party headlined by music crooner DBanj, which also had performances from Ayo Drums and very lively, classic tunes from Godwin the violinist. The new variant of Schweppes is a flavoured Non-alcoholic malt beverage. According to the brand handlers, Novida means New Life in Portuguese. Immediately after the unveiling, guests were handed with bottles of Schweppes Novida both to drink at the event and little drink packs to go. Schweppes Novida is already available in some African markets like Kenya and Zimbabwe.Powered by WPeMatico
Guinness Nigeria Plc on Sunday unveiled Arsenal and France legend Thierry Henry as the ambassador for their ‘Made of Black’ campaign. The unveiling ceremony took place along with a media press conference at the Landmark Event Centre, Victoria Island, Lagos. Present at the unveiling ceremony were Legal Director and Company Secretary, Guinness Nigeria Plc, Rotimi Odusola; Marketing and Innovation Director, Guinness Nigeria Plc, Adenike Adebola; Managing Director, Guinness Nigeria Plc, Peter Ndegwa; Corporate Relations Director, Guinness Nigeria Plc, Viola Graham-Douglas; and Marketing Manager, Premium Core Brands, Guinness Nigeria Plc. Part of the events organised for the unveiling included Henry being taught how to cook and eat Nigerian jollof rice and also photo sessions with football fans
Nigerian Breweries Plc, was recently awarded the 2017 Sectoral Leadership Award in the ‘Breweries Category’. The Performance Earnings and Returns Leadership (PEARL) Awards recognizes and rewards publicly quoted companies for outstanding operational and stock performance in order to enhance the vibrancy, growth and development of the capital market. Criteria for the PEARL Awards are based on verifiable indices, facts and figures published in the Nigerian Stock Market Annual (NSMA). While commenting on the award, Corporate Affairs Adviser, Nigerian Breweries Plc, Kufre Ekanem, stated: “We view this award as recognition of our previous performances and as our call to duty to keep delivering value. “As Nigeria’s foremost brewer, our commitment to our shareholders and other stakeholders drives
International Breweries Plc, on Thursday notified the Nigerian Stock Exchange (NSE) that it has listed 5.3bn additional shares on the Exchange, capping what has been a grueling six months for the firm to merge with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited. The brewing company which is an indirect subsidiary of Anheuser-Busch InBev and the only listed company on the NSE out of the three merging entities notified dealing members of the Nigerian Stock Exchange of the additional share listing. In a note sent to the exchange, International Breweries Plc said, “Dealing Members are hereby notified that 5,301,612,656 ordinary shares of International Breweries Plc (“International Breweries” or “the Company”) were today, 14 December 2017 listed on the Daily Offici
International Breweries Plc (“IBPLC”), the Nigerian unit of Belgian brewer, Anheuser-Busch InBev said, it was battle-ready to take on its competitors in the Nigerian market – Nigerian Breweries Plc and Guinness Nigeria Plc. IBPlc on Thursday finalized a three-way merger with its sister companies, Intafact Beverages Limited and Pabod Breweries Limited. Speaking with the media recently, Annabelle Degroot who is the Managing Director of IBPlc (the merged company), said that while the firm has just consolidated its holdings in the country, it was not new in the market. “We have been competing in the market for eight years now and so we know our competitors and we know them well.” The MD said that the company has been able to take away market share from its rivals, noting that it has very stron
Coca-Cola Nigeria has said it will empower 15,000 youths in 2018 through its youth empowerment and personal development initiatives. The Director, Legal, Public Affairs and Communications, Nigerian Bottling Company, Sade Morgan, made this known while speaking at a press conference in Lagos on Monday. She said the vision of Coca-Cola was to impart over 100,000 youths with entrepreneurship and employability skills. Morgan stated that despite the achievements in 2017, Coca-Cola aimed to do more next year by intensifying efforts on its initiatives, noting that the youth empowerment and personal development initiatives were open to only people between the ages of 18 and 30. According to her, there are other empowerment initiatives that people who do not fall within the age range can benefit fro...
With the high rate of unemployment in the country and need to engage the youth meaningfully, Nestlé Nigeria has partnered with Imperial Integrated Consulting in their annual capacity building programme called the National Career Fair. The fair slated to hold in several states across the country started on December 7 at the University of Lagos. Other States include Oyo, Akwa-Ibom, Kaduna and the Federal Capital Territory. Career development coaches and youth leaders expected at the event include Nestlé Nigeria’s Eniola Joshua who will be moderating the panelist that will discuss the theme, ‘The Bold Move for Corporate Governance and Leadership.’ The programme in its 6th edition is aimed at empowering the youth to become successful employees, entrepreneurs, agripreneurs and game changers in