SABMiller will release its fourth-quarter and full-year results on Thursday (22 May). Here, just-drinks takes a look at the highs and lows for the brewer in the three months to the end of March.
- In January, SABMiller announced a US$110m investment in one SABMiller of its Nigerian breweries to triple production capacity.
- Meanwhile, the brewer said its Carlton & United Breweries unit in Australia will discontinue Bluetongue beer under plans to close the brand’s Australian production site.
- In February, SABMiller’s US joint venture with Molson Coors, MillerCoors, launched Miller Fortune, a 6.9% abv golden lager aimed at stealing back share from the spirits category in the country.
- In the same month, SABMiller’s CEO, Alan Clark, said the company will launch experimental beers to compete directly with wines and spirits because too many lagers around the world taste the same.
- In March, SABMiller’s South African subsidiary was cleared of anti-competitive behaviour by a competition tribunal in the country, following a seven-year inquiry.
- At the end of the quarter, the group said it is focussing on a new wave of female drinkers in South Africa, introducing sweeter beers to capitalise on the trend.
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