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


Hunkemöller wants to conquer Switzerland

17/08/2017

Dutch lingerie chain Hunkemöller aims to open a chain of physical stores in Switzerland, after having already opened a Swiss web shop in September 2016. The first physical store will open its doors in October.

Shoe brand Bally put up for sale

16/08/2017

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Crocs loses patent battle

14/08/2017

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Coolcat's losses compound

14/08/2017

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Back to top