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 [...]
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 [...]