Heineken has just sold its Russian beer business for £0.86 (€1), eighteen months after it pledged to pull out of the country following its invasion of Ukraine.
The move by the world’s second-largest brewer, which also produces Amstel and Birra Moretti, sees it take a huge loss with some estimating the company is down as much as £257 million as a result of the decision.
Having faced mounting criticism over the length of time it has taken the business to complete its exit from Russia, Heineken has finally sold up.
Its Russian business, which includes seven breweries and 1,800 employees, now belongs to Arnest Group and was sold for the incredibly small sum of £0.86 – despite being valued at around €300m.
Speaking on the sale, Chief Executive Dolf van den Brink refused to say why the search for a buyer has taken so long, saying only that the process had been ‘highly complex’.
Image; Wallpaper Flare
He continued: “While it took much longer than we had hoped, this transaction secures the livelihoods of our employees and allows us to exit the country in a responsible manner,” Heineken’s chief executive Dolf van den Brink said.
Dolf van den Brink also said that the company was ‘very mindful’ that Russian President Vladimir Putin recently signed a decree in July seizing Dutch group Carlsberg’s stake in a local brewer, adding: “It was key to get the vast majority of our international brands out because we didn’t want them to stay in the country.”
Heineken has also stressed that, despite the huge loss, its full-year 2023 outlook would not be affected as the business only produced around 4% of its annual income a year – equivalent to 10 million hectolitres of beer.
“It was key to get the vast majority of our international brands out because we didn’t want them to stay in the country,” Van der Brink said.
Manchester favourite Nell’s to open new site for New York-style pizza, karaoke and shuffleboard
Daisy Jackson
Much-loved New York-style pizza joint Nell’s has announced big plans for a brand new location – they’re heading to MediaCity.
Nell’s are stepping things up a notch with the move, adding in private karaoke booths, shuffleboard tables, and a huge outdoor terrace in their new site.
Nell’s MediaCity is set to open this autumn, promising 22-inch New York-style pizza (also served in gigantic slices), frozen margs, and ice cream sandwiches.
There are already several spots around Manchester where you can get a slice of Nell’s, including their restaurants at Kampus and in Altrincham, the OG Northern Quarter site in Common, and at The Beagle in Chorlton.
And now it’s Salford’s turn, with plans unveiled for the team to expand over to MediaCity’s quayside Orange Building.
Nell’s co-founder Jonny Heyes said: “We’ve been thinking about MediaCity for a long time, it’s such a great area and we’ve seen what brilliant operators like Kargo have achieved so when this space came up, we jumped on it!
“The venue is huge which has given us the chance to really play with the experience.
“This idea of karaoke and shuffleboard accompanying our made-for-sharing pizzas and great cocktails feels like a natural next step for us as a brand.”
Nell’s have also partnered with Deliveroo and Slerp to send 14-inch and 22-inch pizzas far and wide.
The new opening is expected to create more than 35 new jobs, and as Common & Co has twice been named in the Times 100 Best Places To Work list, you might want to check those out HERE.
These viral sensations are a plush toy created by Hong Kong-born, Netherlands-raised designer Kasing Lung, who drew inspiration from his love of fairytales to create a character with bunny-like ears, large eyes and big smiles.
They’re swinging off handbags all over the UK at the minute and people are queueing for hours for the latest Labubu drops.
At Sweet Dreams, they’re making edible chocolate Labubus using a special mould flown in from Japan.
Each one has a pistachio kunafa filling and is painstakingly painted by hand.
And that brings us neatly to the next viral craze at play here – Dubai pistachio chocolate.
An army of pistachio chocolate LabubuInside a chocolate pistachio Labubu
Kunafa is a staple in Middle Eastern bakes and pastries but hit the global mainstream last year when thick chocolate pistachio bars stuffed with it went viral online, spawning countless dupes and inspired specials.
And finally, chocolate covered strawberries – hardly a new invention, but this simple dessert has rocketed in popularity especially in food hotspots like Borough Market in London.
Head into Sweet Dreams and you can build your treat from the base up – choose white or milk melted chocolate for your strawberries, layer on pistachio kunafa, then top with either a milk or white chocolate Labubu.
A slightly daft novelty? Yes. But that doesn’t stop them being delicious.
This is the only place in the UK currently selling Dubai pistachio chocolate Labubus.
Georgina Pellant -
30th August 2023 
