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
-
Over five phones were stolen at Alex Ekubo’s service of songs – Stan Nze
27 minutes -
Oil rebounds on concerns about US-Iran peace deal, restoration of supply
36 minutes -
Jordan feeling pride not pressure over World Cup debut Â
47 minutes -
Refuse at McCarthy Down poses serious threat to Weija Dam and public health – CSIR scientist warns
48 minutes -
Iran draw 2-2 with New Zealand in politically charged World Cup clash in LA
56 minutes -
Ghana coach Queiroz enters record books at his fifth World Cup in row
1 hour -
Libya recovers 15 bodies of migrants east of capital Tripoli
1 hour -
Microsoft sued by shareholders over expenses, cloud business, AI
1 hour -
US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI
2 hours -
Almost all of world’s children exposed to climate hazards, UN agency says
2 hours -
Trump may release US-Iran agreement before Friday, Vance saysÂ
2 hours -
Supreme Court to hear Trump appeal involving lengthy detention of certain immigrants
2 hours -
Who Protects the Dreamer? Reflections on the vulnerability of the Girl Child
2 hours -
Florida sues TikTok, claiming it violates state child safety law
2 hours -
US Supreme Court won’t hear bid by suspended judge, 98, to keep her job
2 hours