breweries

Nigeria’s biggest beer maker Nigerian Breweries will decide in the weeks ahead whether to acquire the controlling stake in the local unit of Stellenbosch-based Distell International Limited after an offer from Heineken Beverages Limited South Africa. The company got an approach from Heineken Beverages to buy the 80 per cent shareholding in Distell Wines & Spirits Nigeria Limited, which the latter is looking to offload, according to a statement issued by Nigerian Breweries on Wednesday. Distell International…

For decades, craft brewers carved out their niche by separating themselves from the likes of Coors and Anheuser-Busch with bigger, bolder and more experimental recipes that pushed the boundaries of beer. But over the years, competition has continually increased while sales have largely flattened, leading several Colorado beverage makers to embrace the motto, “If you can’t beat ’em, join ‘em.” In the last year and a half, Knotted Root Brewing Co., Tivoli Brewing Co. and Stem Ciders launched macro-style lagers to both…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. Nigerian Breweries Plc has announced the appointment of Asue Ighodalo, immediate past chairman of Nigerian Economic Summit Group, as a…

Reader survey As a reader of PREMIUM TIMES, your opinion matters. Please take our survey to help us better understand the values and preferences of our readers. Your feedback will give us valuable insights into how we can tailor the different types of content we offer to meet your needs. The survey should only take about 6-8 minutes to complete. Click here to take it. Nigerian Breweries Plc has announced the appointment of Ayodele Lawal as sales director and a member of the management team, the company…

International Breweries has appointed a new non-executive director to take the place of Tolulope Adedeji, who recently resigned from the board, the company said Monday in a notification to the Nigerian Exchange. Mrs Adedeji resigned following her appointment as a senior director, trades marketing and sales operations, Labatt Breweries, Canada. At its meeting held on 31 March, the company approved the appointment of Cherian Kurien to take over from Mrs Adedeji. Mr Kurien is a Finance and Technology Vice President…

The pace at which the net profit of Nigerian Breweries accelerated in 2022 was considerably weaker than that of its revenue as record inflation in Nigeria pushed up expenses and other income dropped by 35.4 per cent. Revenue was up by a quarter at N550.6 billion, less than one per cent of that earned from exports to countries outside its primary market Nigeria. Cost of sales, totalling N337.3 billion, gulped N60.4 billion more than a year earlier, according to details of the brewer’s audited financials. This is…

When they came together to make a beer, the brewers at Banded Oak Brewing in Denver and Old 121 Brewing in Lakewood had one goal: to create the beer of the future. Easy, right? But humans aren’t always good a predicting the trajectory of trends, so they decided to do what everyone is doing these days. They asked for help from ChatGPT, the new — and somewhat terrifying — artificial intelligence-powered chatbot that can do everything from write college term papers and newspaper articles to plan vacations and offer dating…

Nigerian Breweries Plc has launched a new phase of its N100 billion commercial paper programme, allowing the firm to raise N20 billion from investors. The capital raise comes in three series of varying maturities: the first has a tenor of 91 days, the second 120 days and the third 154 days. Typically unsecured, commercial papers provide corporations an opportunity to borrow from investors to meet short-term financial obligations at a fixed interest rate. Nigerian Breweries said the debt will cater for its…

Beer-maker International Breweries has appointed a new company secretary/general counsel to take the place of Muyiwa Ayojimi, who gave up the role on 31 December, 2022, the firm said Thursday in a notification to the Nigerian Exchange. Mr Ayojimi was the principal legal officer of the brewer for more than ten years, a service the board said he executed with “unalloyed, steadfast dedication and professionalism.” He will be replaced by Ayokunle Ayoko beginning from 16 January, 2023. Mr Ayoko previously held the…

In 2015, this newspaper published a guide to “the best craft beer in L.A.” with a map of the “more than 30 craft breweries and brewpubs” across the county. The majority of L.A.’s craft breweries were concentrated in the regions of downtown and northeast Los Angeles; Burbank, Glendale and the San Fernando Valley; the foothills and 210 corridor, from Pasadena to Claremont and the Inland Empire; and the South Bay-Long Beach-405 corridor.Back then, there was a huge gap on the region’s brewery map: the greater Eastside of…