News

JAMAICA: Diageo's Desnoes and Geddes sells stakes in Caribbean breweries

Most popular

Carlsberg's priorities for the years ahead

Budweiser Brewing Group - The end of A-B InBev?

Molson Coors - Present and future

The just-drinks Analyst returns

A-B InBev - getting ready for Heineken in China?

MORE

Diageo-controlled Desnoes and Geddes (D&G) has sold its minority holdings in two Caribbean breweries to Heineken for US$9.26m. 

//i2.aroq.com/1/redstripe.jpg

The Red Stripe brewer said late last week that it has divested its 5% stake in Brasserie Nationale d’Haiti and its 10% shareholding in St Lucia's Windward & Leeward to the Dutch firm. “This is the right time to dispose of these minority shareholdings as we have ambitious plans for Red Stripe with several major initiatives being undertaken,” said Cedric Blair, Red Stripe's MD.

He added: “We are focusing on growing the Red Stripe business locally and internationally.”

Nobody was immediately available for comment from Heineken. 

Both Brasserie Nationale d’Haiti and Windward & Leeward will continue to brew Guinness under licence for Diageo, D&G said. 

Last year, Diageo handed brewing operations for Red Stripe sold in the US to Pennsylvania-based City Brewing.


Related Content

Diageo offloads beer stakes to Heineken, ups Guinness Ghana Breweries control

Diageo offloads beer stakes to Heineken, ups Guinness Ghana Breweries control...

Timeline - Diageo's retreat from wine and beer

Timeline - Diageo's retreat from wine and beer...

 Top US Brewers in 2018 - The facts

Top US Brewers in 2018 - The facts...

Top US Brewers in 2017 - The facts

Top US Brewers in 2017 - The facts...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?