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INTERNATIONAL BREWERIES (IB PLC)
International Breweries Plc has announced the appointment of Ayokunle Ayoko as Company Secretary/General Counsel with effect from Monday, 16 January 2023.
The trio of Nigerian Breweries, Guinness, and International Breweries recorded a 14.08% increase in collective revenue to N221.239 billion in the last quarter that ended September 30, 2022, compared to N193.927 billion in 2021
This is the top Brewers in Nigeria by market share
The risk to these companies is the shrinking market as prices cannot be cut forever; thus, productivity improvements to reduce costs will be the differentiator.