Mozambican brewery Cervejas de Moçambique (CDM) will start supplying its popular 2M beer to Mozambique-themed chicken restaurant Nando’s across the UK from April, Zitamar News can reveal.
Nando’s has 1,049 restaurants worldwide with the largest number (339) in the UK according to a website run by the company’s fans, www.rateyournandos.com. Nando’s UK currently stocks Portuguese beers Sagres and Superbock, along with Brazil’s Brahma and Savanna Cider from South Africa.
Nando’s has started stocking 2M in selected restaurants over recent weeks as a pilot scheme, but CDM will start shipping the lager to the UK in significant quantities from April.
The deal will be a welcome boost for CDM, which saw profits fall 3% last year to MT1.4 billion. The company reported a 2% fall in beer sales in its 2014 results though sales of lager were up 12% year on year, with almost 1 hectolitre sold over the 12-month period.
Nando’s is owned by South African investor Dick Enthoven and accounts for half of his $1.1 billion fortune, according to financial news and data agency Bloomberg.
SABMiller, which owns a 79.8% stake in CDM, is currently in the throes of a £71bn takeover by Netherlands-based Anheuser-Busch InBev. The deal is expected to be completed in the second half of 2016, pending clearance from regulators and shareholders.
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