Heineken buying Distell will allow for its diversification in the wake of waning beer sales: Heineken set to brew up local market
’s 2021 survey on alcohol consumption, South African men drink, on average, 15.74 litres of alcohol a year, and women average 3.46 litres. The national average is 9.45 litres.
A walk into any liquor store will show who the profitable players are in the South African liquor industry. Except for independent wine producers, most alcohol will be internationally owned after the conclusion of the Heineken-Distell transaction. The Stellenbosch-based investment holding company, Remgro, which owns the majority of Distell, said in athat it recognised the long-term strategic benefit of combining the relevant Distell and Heineken businesses and was supportive of the proposed transaction.
“It’s certainly better than only owning Distell. A combined company will be a better quality company than just Distell on its own so I think Remgro certainly will benefit from that,” said Abraham. There has been a global shift from beer partly because of people becoming more health conscious. This means beer companies will have to reinvent themselves.
Another trend is “premiumisation”, where consumers are drinking less or the same amount but buying more expensive alcohol.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Heineken buying Distell will allow for its diversification in the wake of waning beer sales - The Mail & GuardianHeineken buying Distell will allow for its diversification in the wake of waning beer sales - Heineken set to brew up local market
Read more »
Bafana vs Ghana: Safa doubles down on accusations of match manipulation - The Mail & GuardianFollowing Bafana Bafana’s controversial loss to Ghana on Sunday evening, Safa had immediately announced its intention to file a complaint against the game’s match officials.
Read more »
Covid-19 fourth wave likely to be less severe, but caution still advised - The Mail & GuardianCovid-19 fourth wave likely to be less severe, but caution still advised: Current models suggest the fourth wave will have fewer hospital admissions
Read more »
More malaria vaccines in the pipeline - The Mail & GuardianMore malaria vaccines in the pipeline - Researchers are calling for more partnerships and funding for malaria programmes, while 2.3-million children in three African countries have already received a jab
Read more »
South Africa supported last-minute change to COP26 deal - The Mail & GuardianSouth Africa supported last-minute change to COP26 deal - Scores of countries at the UN climate talks accepted the COP26 pact reluctantly, condemning a last-minute meeting that led to a slightly different wording
Read more »
Concern deepens for Chinese tennis star Peng Shuai's safety after email - The Mail & GuardianConcern deepens for Chinese tennis star Peng Shuai’s safety after email: Peng Shuai has not been heard from since alleging two weeks ago that a powerful Chinese politician had sexually assaulted her
Read more »