Premium Spirits Nigeria partners Edrington of Scotland, expands $2 billion market frontiers
by Daniel Obi
December 14, 2017 | 12:55 am| | | Start Conversation
Edrington, an international spirits company based in Scotland and maker of a wide-range of globally ranked premium spirit brands, has partnered Premium Spirits Nigeria to expand the premium spirits consumer market in Nigeria estimated at $2 billion.
Premium Spirits Nigeria (PS Nigeria) is a business division of Nigerian Bottling Company Limited set up to grow and manage its premium spirits consumer category.
Under the Edrington and PS Nigeria partnership, consumers of premium spirits are expected to experience a wide-range of premium Scotch whiskies; including some of the world’s finest premium brands such as The Macallan, The Famous Grouse and Highland Park.
Speaking to newsmen in Lagos recently, the Director, Premium Spirits Nigeria, Idowu Adedoyin, explained that with this partnership, PS Nigeria will further drive value creation for this niche market. “Under this partnership, there would be expanded distribution of these brands”.
PS Nigeria would be wholly engaged in the sale and distribution of premium spirits pan Nigeria, with innovative plans to grow its product offerings to include other top globally ranked premium spirit brands to Nigerian consumers,” Adedoyin said.
Speaking on the partnership, the Regional Director (Africa), Edrington, Derek Brown, revealed that the decision of the partnership is in recognition of the strength of PS Nigeria in its high distribution network and experience in the Nigerian market.
“Over the years, Edrington has distinguished itself in the premium spirits segment in other markets where its brands are well established and is fully committed to marketing and promoting responsible drinking in line with local regulations”, Brown said.
Global Agricultural Information Network, GAIN had in a report last year estimated value of Nigeria’s spirits market at $2 billion and it is increasing at six percent yearly. Imported spirits account for $500m, local spirits account for 75 percent share of the market.
Big Read |