Heineken sales elevated as beer drinkers brush off price increases August 1, 2022 Brewer Heineken has seen beer sales leap in the first half of the year, despite growing pressures on consumers’ budgets. The drinks behemoth had seen “demand resilient until now despite mounting inflationary pressures on consumers’ disposable income,” according to Heineken chairman and CEO Dolf Van Den Brink. However, the brewer warned increasing costs meant it [...]
Boost for embattled hospitality sector: Heineken goes on UK hiring spree as beer giant creates 700 new pub jobs May 3, 2022 Dutch beer giant Heineken has said this morning it will create more than 700 jobs across the UK as part of a £42m investment plan into its pub operation. The brewing company said that 660 pubs – more than a quarter of its Star Pubs & Bars venue business – will be upgraded as part [...]
Heineken meets Coronation Street: ITV vows to normalise alcohol-free beer with new ad deal April 26, 2022 ITV and HEINEKEN have announced a ‘first of its kind’ partnership that will see a real-world beer go on tap at two of TV’s most famous pubs.
Brewing concern: Heineken warns inflationary pressures could mean beer sales fall later this year April 20, 2022 Brewing giant Heineken said it sold more beer than expected when European bars reopened, meaning it will maintain its guidance despite volatility from war in Ukraine. Beer sales rose to a greater extent than anticipated in the first quarter, the Dutch business said. Volumes rose 5.2 per cent on a like-for-like basis compared to the [...]
Carlsberg follows Heineken with ‘difficult and immediate decision’ to quit Russia March 28, 2022 Carlsberg has followed Heineken in quitting Russia, saying the “difficult and immediate decision” would lead to a “substantial” loss. The Danish brewer becomes the latest major western firm to leave the Kremlin-ruled country in protest of Vladimir Putin’s war. The company said it has “taken the difficult and immediate decision to seek a full disposal [...]
Heineken sales lower than expected after Vietnam lockdown October 27, 2021 Brewing behemoth Heineken posted a steeper than expected decline in third-quarter beer sales after coronavirus restrictions in Vietnam. Lockdown measures slashed volumes in Vietnam, one of its top three markets, by more than half. The brewer said it sold 5.1 per cent less beer on a like-for-like basis than a year earlier, with Asia-Pacific sales [...]
500 new jobs: Heineken to inject £38m into its UK pub business Star August 31, 2021 Beer giant Heineken is planning to invest £38m into its UK pub and bar business, in a move set to create 500 jobs. The Dutch beer giant said the cash injection will benefit around 700 pubs in its Star Pubs & Bars operation by the end of 2021. It comes as the group seeks to [...]
Heineken Doubles Profits Amid Easing Lockdown Restrictions August 2, 2021 Heineken, Europe’s largest beer manufacturer, has doubled its earnings for the first half of the year. Operating profit increased by 109.3 per cent reaching 1.63 billion euros (£1.39 billion). The results far exceeded the average expectation of a company-run poll of analysts predicting profits of 1.22 billion euros. Dolf van den Brink, Heineken’s CEO and [...]
Saturday Read: Investors are fleeing Myanmar as coup grows more deadly March 6, 2021 The world’s largest sovereign wealth fund, the Norwegian central bank, has put Japanese Kirin Holdings on a watch list for possible exclusion due to its ties to Myanmar’s military, in light of the recent coup and ongoing unrest in the country. The Japanese beverage group Kirin has a partnership and $1.7bn controlling stake in Myanmar [...]
Heineken fined for forcing pubs to stock ‘unreasonable’ amounts of beer October 15, 2020 Heineken’s pubs division has been slapped with a £2m fine for forcing its tenants to stock “unreasonable levels” of its own beers and ciders. The Pubs Code Adjudicator (PCA) ruled that Star Pubs & Bars, which operates the pub estate business of Heineken in the UK, had “seriously and repeatedly” breached the pubs code over [...]