Heineken’s biggest-ever price rises fail to stop slash in UK profit August 27, 2024 Heineken’s biggest-ever price rises in the UK failed to stop its profit being slashed during its latest financial year as it battled “economic volatility”. The Edinburgh-based division raised its prices in 2023 as it faced “significant inflationary pressure on input costs”, reducing consumer spending, higher labour costs and rising energy bills. According to newly-filed results, [...]
Heineken shares drop on near-£750m China impairment charge July 29, 2024 Heineken has taken a €874m (737m) impairment charge on its investment in China’s largest brewer, leading it into the red and causing shares to drop by seven per cent in early trades. The impairment charge led to a first-half net loss of €95m (£80m) for the brewer, down from profit of €1.1bn (£930m) in the [...]
Premier League signs up Guinness to replace Budweiser in £40m deal June 12, 2024 Guinness saw off competition from Heineken to replace Budweiser.
Cheers to that! Warm weather provides ‘welcome boost’ to UK’s pubs May 13, 2024 The overdue sunny weather this weekend gave Britain's pubs a "welcome boost", leading industry figures have said, as revellers across the country soaked up the sunshine in beer gardens in London and across the country.
Heineken to invest £40m in UK pubs and create more than 1,000 jobs May 6, 2024 Heineken has revealed plans to invest almost £40m in its pubs across the UK in a move which it says will create over 1,000 jobs.
Heineken sells Russia firm at loss of £256m almost 550 days after Ukraine invasion August 25, 2023 Brewing giant Heineken has completed its exit from Russia, around 18 months after the invasion of Ukraine. The Dutch firm, which also makes Amstel and Birra Moretti beers, said it has now secured the sale of the business, which includes seven breweries, to Russian company Arnest Group for 1 euro. It said it expects to [...]
Heineken: Beer giant shows love for local pubs with £40m injection May 1, 2023 Heineken will invest £40m into 570 pubs it owns within its hospitality business, as the beer giant looks to show support for local boozers amidst the cost of living criss. Almost a quarter of businesses within its Star Bar & Pub group will receive the boost – with 100 of these scheduled for revamps averaging [...]
Pubgoers face pricier pints as Heineken to lift wholesale prices next year November 16, 2022 Heineken will hike its wholesale price of draught and packaged beer for its pub customers by 15.8 per cent next year. The brewer’s customers in the UK will face higher prices from 16 January. It is up to retail and hospitality businesses to decide how much to pass on the extra costs to shoppers and [...]
Heineken cautions over rapid softening in consumer demand for beer October 26, 2022 Dutch brewing giant Heineken has said it is witnessing growing reasons to be cautious about the future after it recorded “some signs of softness in consumer demand”. The brewer, which also makes Amstel and Birra Moretti, highlighted the changing consumer backdrop as it revealed beer volumes rose by 8.9 per cent on a like-for-like basis [...]
Heineken takes full ownership of London’s Beavertown Brewery September 7, 2022 Heineken has purchased all remaining shares of Beavertown, meaning it now has full ownership of the London brewery. The Dutch brewer snapped up a minority share in the North London craft brewer in 2018. The two firms did not reveal the purchase amount for the remaining shares on Wednesday. Within the latest deal, Beavertown founder [...]