Category: Heineken

Heineken Announces Exit From Russia, Expects to Lose 400 Million Euros

March 28, 2022
Business & EconomyCompanieseconomic policieseconomic sanctionsEuropeHeinekenMarketsRussia-Ukraine WarWorld
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Dutch brewer Heineken has said it will exit its business operations in Russia—a move the company expects will cost 400 million euros ($438 million). Heineken previously announced it was halting new investments and exports to Russia, as well as the production, sale, and advertising of the Heineken brand. The Amsterdam-headquartered company had also said it would…

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Heineken Warns Inflation Will Lead to Beer Price Increase

February 17, 2022
Business & EconomyBusinesses in COVID-19CompaniesEuropeHeinekeninflationMarketsSupply Chain WoesTechUncategorizedWorld
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Heineken said on Feb. 16 that the CCP virus pandemic will affect its revenues for 2022, and that inflation and supply chain pressures are a significant factor. The world’s second largest brewer, whose brands also include Amstel, Tiger, and Moretti, joins its rival Carlsberg in sounding caution over inflationary pressures that threaten to hinder their…

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New CEO to Cut 8,000 Jobs as Heineken Feels Pandemic Effect

February 10, 2021
BusinessCompaniesEconomieseffectEuropeHeinekenjobspandemicWorld
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BRUSSELS—Heineken plans to cut about 8,000 jobs, the Dutch beer group said on Wednesday, seeking to restore operating margins to pre-pandemic levels after a sharp decline in profit because of coronavirus restrictions. The world’s second-largest brewer, which makes Europe’s top selling lager Heineken as well as Tiger and Sol, said it would save 2 billion…

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