Nigeria

Posted on

Heineken’s organic growth in Nigeria affected by harsh market conditions in 2017 first quarter

Heineken | www.drinks.ng

Heineken N.V announced its first quarter 2017 results on Wednesday, showing a 0.4% decline in organic growth in Africa, Middle East & Eastern Europe with with volumes in Nigeria declining to mid-single digit.

Heineken reported €293m in profit in the first three months of 2017 compared to €265m in 2016 with a volume increase of 0.6% due to strong sales in Asia and Europe,  even with unfavourable economic conditions in Africa, Middle East and Eastern Europe.

However, South Africa and Ethiopia saw strong volume growth in the double digit, thereby giving the brewer a better comparative but its sharpest beer volume increase in Asia Pacific region, with a 5.4% growth led by Cambodia, and a modest increase of 0.5% in Europe, driven by market growths in France, Spain, the Netherlands, Italy and Austria.

The Americas also posted a 0.7% decline due to continued macroeconomic weakness in Brazil and competition in the mainstream and economy segment, although the brewer’s premium brands Heineken brand and Amstel malt performed brilliantly.

For Nigerian, the company reported that repressed trading conditions remained difficult, as consumers continue to trade down, and even with signs of liquidity improving, hard currency is still difficult to get.

Performance in the first quarter was in line with expectations, delivering volume growth against strong comparatives last year,” said Jean-Francois van Boxmeer, Chairman & CEO of Heineken.

“Asia Pacific continued to outperform and volume in Europe was solid. In Africa, Middle East & Eastern Europe market conditions remain challenging, adversely impacting volume. In Americas, whilst Mexican volume was good this was more than offset by weaker volume in Brazil. Our full year expectations remain unchanged.”

The market in the US saw low single digit decline, with growth in Heineken brand offset by lower volumes of Tecate and Dos Equis, meanwhile Tecate, Tecate light and Heineken brand all performed well in Mexico enough for the brewer to post a volume up in the mid-single digit.

Heineken | www.drinks.ng
Posted inNews updates

Heineken’s organic growth in Nigeria affected by harsh market conditions in 2017 first quarter

Posted on 04 20, 2017

Heineken N.V announced its first quarter 2017 results on Wednesday, showing a 0.4% decline in...

Read More
Posted on

Prices of Jameson Irish Whiskey in Nigeria

Prices of Jameson Irish Whiskey in Nigeria | www.drinks.ng

Many Jameson products, especially its 18-Year and Rarest Reserve, have rated highly at international spirit rating competitions.

For the cheapest price of Jameson whiskey in Nigeria, click here

The 18-Year was awarded a series of gold and double gold medals at the San Francisco World Spirits Competition between 2005 and 2010. Rarest Reserve has also won gold and double gold medals there. Rarest Reserve is rated as one of the Top 20 whiskies in the world by Proof66.

Brief History of Jameson Irish Whiskey

Jameson Irish whiskey comes from The John Jameson and Son Irish Whiskey Company, established in 1810. John Jameson and his son of the same name took ownership of the Bow Street Distillery in Dublin which was originally owned by his wife’s cousins, the Steins, and this is where Jameson whiskey was born. 1780 is used in marketing Jameson whiskey because that was the year the Bow Street Distillery was established.

Jameson was one of the six main Dublin whiskeys but is now distilled in Cork. Having been sold internationally since the early 19th century, it is the best selling Irish whiskey in the world. Along with Jameson Original, the Jameson Reserves consist:

  • Jameson 12 Year Old Special Reserve, which was formerly known as Jameson 1780
  • Jameson 12 Year Old Distillery Reserve is available at their two visitor centres in Ireland and also available from their online shop.
  • Jameson Gold Reserve, which is the only expression of Jameson that uses virgin American oak
  • Jameson 18 Year Old Limited Reserve
  • Jameson Rarest Vintage Reserve. Containing Jameson’s oldest and rarest whiskey components
  • Jameson Signature Reserve, which is exclusive to travel retail and duty-free shops around the world
  • Jameson Select Reserve Black Barrel, an expression available in limited quantities in the United States
  • Jameson Caskmates, a blend finished in stout-seasoned barrels

Latest Prices of Jameson Irish Whiskey in Nigeria

How much is a bottle of Jameson Irish Whiskey? And how much is a carton of Jameson Irish Whiskey?

Below are the recent prices of Jameson Irish Whiskey.

 

Product Size Quantity in Carton

Unit Price (NGN)

Carton Price (NGN)
Jameson Original

70cl

12

4,670

28,010

Jameson Original

20cl

30

1,350

40,430

 

*Prices are subject to change due to market fluctuations

 

Prices of Jameson Irish Whiskey in Nigeria | www.drinks.ng

Prices of Jameson Irish Whiskey in Nigeria

Posted on 02 09, 2017

Many Jameson products, especially its 18-Year and Rarest Reserve, have rated highly at international spirit...

Read More
Posted on

Prices of Hennessy in Nigeria

Prices of Hennessy | www.drinks.ng

Hennessy is arguably the world’s most popular cognac brand, selling about 50 million bottles per year globally which accounts for more than 40% of the world’s cognac yearly.

To view our wide range of Hennessy products, please click here.

Brief History of Hennessy

The Hennessy cognac distillery was founded by Richard Hennessy, an Irishman, in 1965. In the 1970s, Kilian Hennessy, a fifth generation direct descendant of Hennessy, became CEO, succeeding his first cousin Maurice-Richard. Kilian Hennessy led the company’s 1971 merger with Moët et Chandon, creating Moët Hennessy.

In 1987, Moët Hennessy merged with Louis Vuitton, and this resulted in one of the world’s largest luxury brand conglomerates, Louis Vuitton Moët-Hennessy or LVMH. In 1988, the group was taken over by Bernard Arnault, owner of the Christian Dior, with the support of Guinness.

Varieties of Hennessy

  • Hennessy No.1
  • Hennessy Black
  • Hennessy V.S.O.P
  • Hennessy White
  • Hennessy V.S
  • Fine de Cognac
  • Hennessy X.O
  • Deutschland Moet Hennessy
  • Pure White
  • Private Reserve
  • Hennessy Paradis
  • Hennessy Diptyque
  • Richard Hennessy
  • Hennessy Prive (Travel Retail Exclusive)
  • Hennessy Library
  • Timeless (2000 units produced)
  • Ellipse (2000 units produced)
  • Hennessy VVVV (1860)
  • Beauté du Siècle (100 units produced, in chest)

Latest Prices of Hennessy in Nigeria

How much is a bottle of Hennessy? And how much is a carton of Hennessy?

Below are the recent prices of Hennessy cognac:

Product Size Amount in Carton

Unit Price (NGN)

Carton Price (NGN)
Hennessy VS

35 cl

12

4,510

55,130

Hennessy VS  70 cl

6

9,190

54,030

Hennessy VSOP  70 cl

6

15,260

91,510

Hennessy XO 70 cl

6

64,870

389,190

 

Prices of Hennessy | www.drinks.ng
Posted inNews updates

Prices of Hennessy in Nigeria

Posted on 02 08, 2017

Hennessy is arguably the world's most popular cognac brand, selling about 50 million bottles per...

Read More

Sign up for newsletter

Or Follow us on

Loading