Heineken

Dutch beer maker Heineken NV witnessed a 4.5 per cent volume growth in its premium category led by flagship brand Heineken along with significant contributions from Kingfisher Ultra in India and Savanna in Southern Africa in the September quarter, company's Chairman and CEO Dolf van den Brink said on Wednesday. In India, organic beer volume grew by a mid-single-digit, the company said, adding that growth in India and Indonesia partially compensated for lower volume in Vietnam and Cambodia that led to beer volume organically declining by 1.2 per cent in the Asia Pacific region. "We delivered a solid quarter of balanced growth, organically growing beer volume 0.7 per cent and net revenue 3.3 per cent. Our business continues to deliver in line with our plan in aggregate, despite some markets navigating challenging consumer and industry trends," van den Brink said in a statement. He further said, "Our EverGreen strategy continues to shape our business. Premium volume grew 4.5 per cent,

Heineken N.V., the promoter group, said that India net revenues grew by 20 per cent organically in the January to March quarter

Dutch brewer Heineken has completed its withdrawal from Russia, 18 months after Moscow launched its full-scale invasion of Ukraine, selling its business in Russia for just 1 euro, the company announced Friday. Heineken said it would incur a total loss of 300 million euros ($325 million) for the sale to Russian manufacturing giant the Arnest Group. Heineken had faced criticism for the slow pace of its exit in the wake of the outbreak of war, but insisted it was seeking to look after its local employees in Russia. In March last year, Heineken had said it was quitting Russia as its business there was no longer sustainable nor viable in the current environment," but added that it wanted to ensure an orderly transfer to a new owner. While it took much longer than we had hoped, this transaction secures the livelihoods of our employees and allows us to exit the country in a responsible manner, Heineken CEO Dolf van den Brink said in a statement. The sale covers all of Heineken's assets i

Overall, Heineken NV recorded a revenue growth of 9.2 per cent in the first quarter of 2023 to 7,632 million Euro, with a 3 per cent organic growth in the volume

Dutch brewing major Heineken NV on Wednesday reported a high-single-digit organic growth in net revenue from the India market in the March quarter, helped by volume growth and pricing. Heineken, which now controls the leading Indian beer maker United Breweries Ltd (UBL), said it had a mid-single-digit volume growth in the January-March period, led by the domestic brand Kingfisher. Its premium portfolio of beer in the Indian market grew in the "high-teens", led by Kingfisher's Ultra and Heineken Silver, the company said in the update for the first quarter of 2023. "In India, net revenue grew by a high-single-digit organically, driven by volume growth and pricing. Beer volume grew by a mid-single-digit, led by Kingfisher," it said. In the Chinese market, Heineken grew by close to fifty per cent, with a strong performance of Heineken Original and Heineken Silver, it added. However, in the Asia Pacific region, Heineken's net revenue declined 5.4 per cent organically, with total ...

Bill Gates has acquired a minority stake in Heineken Holding NV, the controlling shareholder of the world's second-largest brewer, for about $902 million

The company had posted a net profit of Rs 97.53 crore during the January-March quarter of the previous fiscal, United Breweries Ltd (UBL) said in a regulatory filing.

Zelenskyy said his govt is carefully considering a Russian demand of Ukrainian neutrality, a key point of contention as negotiators for both sides prepare for a fresh round of talks

Premiumization of the beer market is a "strategic priority" for United Breweries Ltd (UBL) and the company has plans to introduce brands from the global portfolio of Heineken, the Dutch multinational, which now owns a majority stake, said a top company official. Besides, the company would continue to drive the mainstream portions through a category penetration share gain route, which contributes a larger chunk of the business. Presently, the Indian beer market is "underpenetrated" and it has "immense" potential led by factors including a sizeable young population, growing prosperity and rising urbanisation, said UBL CEO and Managing Director Rishi Pardal. "Other than beer penetration, our other strategic priority is premiumization of the market. Today the premium segment of the beer market is a small portion of the overall beer market. "While we continue to drive the mainstream portions through a category penetration share gain route, we are also focused on how we can premiumize th

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Dutch brewing major Heineken on Wednesday said it has acquired an additional 14.98 per cent stake in United Breweries Ltd, taking its total shareholding to 61.50 per cent. "Heineken N.V. today (on Wednesday) announces that it has acquired an additional 39,644,346 ordinary shares in United Breweries Ltd (UBL) taking its shareholding in UBL from 46.5 per cent to 61.5 per cent," Heineken said in a statement. UBL, with its flagship brand 'Kingfisher', is the leading player in the beer market in India. The move comes a day after markets regulator Sebi had exempted Heineken International B.V. from the obligation of making an open offer following its proposed acquisition of shares in UBL. Sebi had on Tuesday granted waiver following an application from Heineken International seeking exemption from the applicability of SAST Regulations in its proposed acquisition of UBL's equity shares, from the recovery officer of the Bangalore Debt Recovery Tribunal (DRT) under whose custody the transfer

Around 39.76 million shares, representing 15 per cent of the total equity of United Breweries changed hands on the BSE, the exchange data shows

Regulator allows special exemption as the shares are being acquired as part of an order of Debt Recovery Tribunal to recover dues from Vijay Mallya and his group companies

Fair trade regulator CCI on Monday said it has approved Heineken International B.V's proposed acquisition of an additional equity stake in United Breweries Ltd (UBL). This, however, is subject to the outcome of certain court proceedings, a combination notice filed with the Competition Commission of India (CCI) noted. "The proposed transaction relates to HIBV's potential acquisition of additional equity stake in UBL," it said. United Breweries is engaged in the manufacture, sale and distribution of beer in India. Heineken International B.V. (HIBV) is an investment holding company and is itself not engaged in any business activity. It is a direct and an indirect shareholder for all non-Dutch companies that form part of the Heineken Group, as per the notice. In a tweet, the regulator said, "Commission approves proposed acquisition of additional equity stake in United Breweries Limited by Heineken International B.V.

Ronaldo moved Coca-Cola bottles aside as he sat down to speak to the media on the eve of Tuesday's Group F opener against Hungary in Budapest, which Portugal won 3-0

Manchester United's Paul Pogba on Tuesday moved a bottle of non-alcoholic Heineken NV beer out of sight when giving a press conference at the UEFA Euro 2020 tournament, where he's representing France

The world's second-largest brewer after Anheuser-Busch InBev NV outlined additional strategic initiatives under its turnaround program launched last year