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Top related persons:
Dolf van den Brink - 4 Heineken - 2 van den Brink - 2 — - 1 Toby Melville - 1 London CNN — - 1 ” - 1 — Olesya Dmitracova - 1
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Russia Ukraine Russian Moscow Dutch Vietnam Belarus London
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Heineken - 5 London CNN - 2 Arnest Group - 2 Arnest - 2 Thomson - 2 British - 1 Tobacco - 1 BAT - 1

Search resuls for: "Dolf van den Brink"


10 mentions found


☆ British American Tobacco clinches a deal to sell its Russian business
  + stars: | 2023-09-07 | by ( Anna Cooban | ) edition.cnn.com   time to read: +2 min
London CNN —British American Tobacco has struck an agreement to sell its businesses in Russia and Belarus, the company announced Thursday, more than 18 months after Moscow’s full-scale invasion of Ukraine sparked a mass exodus of Western firms from Russia. BAT (BTI) said in a statement that it had entered into a formal sales agreement with a consortium led by members of the management team of its Russian operations. In February, the company said its 2022 results had been dented by a £612 million ($764 million) charge related to its Russian and Belarusian businesses. BAT's London offices seen in January 2021 Toby Melville/ReutersBAT’s Russian and Belarusian businesses account for about 2.7% of its revenue. Dutch beer maker Heineken announced its departure from the country last month, saying it had sold its Russian business for a symbolic €1 ($1).
Persons: —, Toby Melville, Dolf van den Brink Organizations: London CNN, British, Tobacco, BAT, Reuters, Russian, Heineken, . Locations: Russia, Belarus, Ukraine, London
☆ Heineken sells Russian business for $1 as it completes exit
  + stars: | 2023-08-25 | by ( Niamh Kennedy | ) edition.cnn.com   time to read: +2 min
London CNN —Heineken has announced its departure from Russia following the sale of its business in the country for a symbolic €1 ($1). The brewer expects to incur a total loss of €300 million ($323 million) from the deal. But over the past 18 months, the Kremlin has made it increasingly difficult for Western firms to sell their Russian assets. In March, Heineken said it had decided to “do everything possible” to avoid its Russian business being nationalized, while leaving the country “as quickly as possible.”“First, we don’t think the Russian state or the people closest to it would have the best interests of our people at heart. Second, we were uncomfortable that the Russian state should benefit from forced appropriation of major business assets,” it said in a statement.
Persons: London CNN —, Dolf van den Brink, ”, — Olesya Dmitracova Organizations: London CNN, London CNN — Heineken, Arnest Group, Heineken, Arnest Locations: Russia, Russian, Moscow, Ukraine
☆ Heineken exits Russia with one-euro sale of operations
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Piroschka van de Wouw/File Photo Acquire Licensing RightsBRUSSELS, Aug 25 (Reuters) - Dutch brewer Heineken (HEIN.AS) said on Friday it had completed its exit from Russia by selling its operations there to Russia's Arnest Group for a symbolic one euro. Heineken announced its intention to exit Russia in March 2022, after Russia's invasion of Ukraine, acknowledging that the process had taken longer than expected. Many multinational companies flocked to leave Russia after the West imposed unprecedented sanctions on Moscow, but the Kremlin has retaliated by seizing some assets. Heineken had seven breweries in Russia and 1,800 employees, who will receive employment guarantees for the next three years. The Dutch brewer removed its Heineken brand from Russia last year and production of Amstel is to be phased out within six months.
Persons: de, Dolf van den Brink, Vladimir Putin, Turkey's, Heineken, Philip Blenkinsop, Jane Merriman Organizations: Heineken, REUTERS, Rights, Arnest, Kremlin, Anheuser, Busch InBev, Arnest Group, Thomson Locations: Nijmegen, Netherlands, Dutch, Russia, Ukraine, Moscow, Russian, Amstel
☆ Heineken’s pricing goof has a strategic spillover
  + stars: | 2023-07-31 | by ( ) www.reuters.com   time to read: +2 min
LONDON, July 31 (Reuters Breakingviews) - Dolf van den Brink has had a six-month-long happy hour. Heineken’s misstep occurred even though the company increased prices for its beers by an average of 13% from a year earlier. While consumer goods groups like Unilever (ULVR.L) managed to hike without losing much business, Heineken’s 6% hit to beer sales in the first half suggests van den Brink has not. In Vietnam, which analysts at Bernstein estimate accounts for nearly half of that region’s sales, Heineken admitted its pricing was mistimed. Van den Brink seems confident the worst is over for 2023, because all his price hikes have already happened.
Persons: van den Brink, misstep, Bernstein, Van den Brink, Yawen Chen, ’, George Hay, Oliver Taslic Organizations: Reuters, Heineken, Unilever, Walmart, BT boss’s, of Japan, Thomson Locations: Vietnam, United States
☆ Heineken CEO on Bud Light campaign fallout: 'You need to stand for your values'
  + stars: | 2023-07-31 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
Heineken's chief executive says the company has learnt lessons from the social media controversy around a campaign for rival beer Bud Light — but still believes businesses should stand up for their "values." And that's affecting all players, all actors in society, also businesses and also brands," Dolf van den Brink told CNBC's "Squawk Box Europe." And at the same time, you need to stand for your values and your principles. Bud Light lost its spot as the top-selling beer in the U.S. in May, after conservatives boycotted the brand following a brief product placement deal with transgender social media influencer Dylan Mulvaney. Bud Light sales fell 24.6% in the period year-on-year, according to NielsenIQ data from consulting firm Bump Williams.
Persons: Bud Light, van den Brink, CNBC's, influencer Dylan Mulvaney, Bump Williams Locations: U.S
☆ Heineken’s profit hit by drop in beer sales in Asia
  + stars: | 2023-07-31 | by ( Michelle Toh | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —People in Asia aren’t guzzling as much beer as they used to. Best known for its eponymous beer label, Heineken is home to more than 300 brands, including Tiger beer, Amstel Lager and Strongbow cider. Heineken branded beer did continue to see growth in the first half, both overall and within Asia Pacific. The brewer also blamed a drop in premium beer sales on a decline in Russia, a market the company has said it’s trying to exit. Heineken now expects “stable to mid-single-digit” growth in operating profit for the full year, compared with the “mid- to high-single-digit” growth it outlined in April.
Persons: Dolf van den Brink, Strongbow, ” Heineken, Vladimir Putin’s, Heineken, “ Organizations: Hong Kong CNN —, Asia aren’t, Heineken, Asia Pacific, Lager, Yale, CNN Locations: Hong Kong, Asia, Dutch, Asia Pacific, Vietnam, Korean, Nigeria, Amsterdam, Russia, Ukraine
☆ Heineken: Beer consumer 'very resilient' despite pricing pressures
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeineken: Beer consumer 'very resilient' despite pricing pressuresDolf Van Den Brink, CEO and chairman of Heineken, says demand among beer drinkers remains strong after the brewer posted a 24% rise in 2022 operating profits. However, he added that continued pricing pressures mean he remains cautious on the outlook for 2023.
☆ Heineken sees 2023 profit increase despite Europe weakness
  + stars: | 2023-02-15 | by ( ) www.cnbc.com   time to read: +1 min
Heineken alcohol free beers are seen in a refrigerator in Warsaw, Poland on 01 September, 2022. The world's second-largest brewer reported a higher-than-expected 2022 profit as beer demand recovered from the pandemic. Heineken , the world's second-largest brewer, repeated its forecast of a profit increase this year despite weakness in Europe, as it reported a higher-than-expected 2022 profit on the back of a recovery in beer drinking to pre-pandemic levels. Chief Executive Dolf van den Brink said beer sales in Europe had proven resilient, with a rise in the fourth quarter from a year earlier. "But given the price increases that will have to be taken due to the enormous increase in energy costs, particularly in Europe, we still expect declining volumes in Europe for the year 2023," he told Reuters in a telephone interview.
☆ Heineken CEO: We expect high double-digit input cost inflation
  + stars: | 2022-12-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeineken CEO: We expect high double-digit input cost inflationDolf van den Brink, CEO at Heineken, speaks to CNBC's Julianna Tatelbaum on the company's capital markets day.
☆ Heineken cautious as Europe's beer drinking starts to slow
  + stars: | 2022-10-26 | by ( Philip Blenkinsop | ) www.reuters.com   time to read: +2 min
The maker of Europe's top-selling beer Heineken, along with Sol and Tiger lagers said beer volumes rose by 8.9% on a like-for-like basis in the third quarter, with the strongest increase in Asia, but compared with the 12.0% average market expectation. RBC Capital Markets, which has an 'underperform' rating for Heineken, said Europe's 1.3% sales increase clearly missed expectations. Heineken reported a 68% increase in its beer sales in the Asia-Pacific region in the July-Sept period, a year on from COVID-19 lockdowns, notably in its main Asian market Vietnam. Unlike in other regions, beer sales in Europe remain below 2019 levels. Heineken said pressure on disposable income was in part to blame for a decline in sales in Nigeria, although its premium beer sales rose by more than a third.
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