
Audio By Carbonatix
The maker of Guinness is looking at expanding sales of the Irish stout to Africa to offset falling demand in European markets, a report has said.Diageo's Chief Executive told the Financial Times that sales outside of Ireland had been growing by about 5% and ruled out selling the brand.Sales of Guinness fell 4% in Europe in the six months to December.Changing behaviour in the UK - including people spending less time in pubs was behind the fall in sales.Guinness made up 13% of Diageo's total sales in 2006.The fall in demand in Europe had "nothing" to do with the way the brand was being marketed, Chief Executive Paul Walsh insisted."We have to continue to grow the brand outside its home market," he added.He said that places like Africa offered good opportunities for growth.Guinness is brewed in more than 20 countries throughout Africa and is exported to many others.It is gaining popularity, with Nigeria being the third-largest Guinness market in the world.The amount of Guinness consumed in Africa is three times more than the amount consumed in North America, Diageo says.Source: BBC
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Kwakye Ofosu rejects NPP Minority’s call for apology over anti-LGBTQ bill
24 seconds -
Music giant Universal gets $64bn takeover offer
13 minutes -
NPP criticism of anti-LGBTQ Bill ‘nothing more than political posturing’ — Kwakye Ofosu
20 minutes -
Joy FM was birthed over a bowl of fufu’ – Tommy Annan-Forson shares interesting story
26 minutes -
World Athletics to introduce standalone World Marathon Championships from 2030
31 minutes -
Africa’s voice in global journalism grows as funding, AI and misinformation shape newsrooms
33 minutes -
First Atlantic Bank holds Annual General Meeting, reports strong growth and bold outlook for 2026
35 minutes -
Ghanaian-founded fintech WeWire secures Canadian PSP license to bridge African, global payments
38 minutes -
Uganda confirms 2027 AFCON dates
46 minutes -
40 convicted in Northern Region crime crackdown
47 minutes -
‘We’re days away from parts of the world experiencing actual shortages:’ Eric Nuttall on energy
57 minutes -
‘I’m Obroni in every country’ – Coco Blasian on music, survival and making Accra home
58 minutes -
IMANI wants NIC to probe possible conflicts of interest in reinsurance arrangements
1 hour -
First Atlantic Bank strengthens balance sheet as net interest income surges 67%
1 hour -
Choplife Gaming donates to Korle Bu Radiotherapy unit for Women’s Week 2026
1 hour