Heineken finalizes its African restructuring

Heineken finalizes its African restructuring

The Dutch beer giant Heineken has finalized the restructuring of its South African and Namibian activities, both based on joint ventures.

More operational efficiency

At the end of July, Heineken informed it would increase its stake in several African joint ventures, for which it paid British liquor group Diageo 138 million euro. In return, it will gain additional commercial control over its most important brands.

 

The group revealed yesterday that that restructuring program had been finalized. Heineken now owns 75 % of DHN and Sedibeng. The remaining quarter still belongs to its partner, Namibia Breweries Limited (NBL) and indirectly, Heineken now has a 29.9 % stake in NBL.

 

Now that it has finished its restructuring operation for its South African and Namibian joint ventures, Heineken has improved its operational efficiency in the region, according to KBC Securities' Wim Hoste. The analysts expects Heineken to take full advantage of a structural growth potential, particularly in emerging markets, thanks to additional efficiency improvements. He also expects the company to further improve its profit margins.

Questions or comments? Please feel free to contact the editors


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

American fashion chain Nordstrom is to trial a new store formula in Los Angeles next month, in which customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top