02 August 2024
02 August 2024
Bernstein analysts have compiled data suggesting excess supply in US whiskey is likely in the next five years.
The Nigerian consumer watchdog first investigated Coca-Cola in 2019 over misleading consumers.
The management team at Saltaire Brewery will continue to work in their roles following the transaction.
CEO Oliver Schwegmann described the plant as a “burden for the entire group”.
The growth has been aided by a “growing middle-class population” that is “willing to spend more on healthier beverage options”.
Volumes are envisaged to keep improving but selective pricing is still in play.
Buying director Dawn Davies said the move comes at a time when consumer are becoming "more curious and experimental" with their whisk(e)y choices.
Total group sales for the full year 2024 dropped 1.4% to $20.27bn. On an organic basis, they were down 0.6%.
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