Now we are going to have silly taste of the CHI products
Just like we lost the good taste of 5alive and Limca since Coca Cola to over.

Interesting news...
The following months should be interesting too.

They refused to tell us how much it was acquired

Vianna:

BREAKING NEWS: Mega Consumer Brand, Chi Limited Acquired By Coca-Cola https://www.scooper.news/detail?newsId=2087700

What!!!
Are they leaving Nigeria?

Vianna:
Almost half a billion dollars was dropped the first time they bought a share in the company. Only God knows how much they must have dropped for full acquisition.

You need to be careful with these figures. If in 2016, 40% of Chi was bought for $500M. It means the entire 100% of the company in 2016 is valued at $1.25B. Which means by now, Chi might be getting close to $2B. WhatsApp was bought for $4B.

How many companies in the world are valued at 1.25B? Even Liverpool is valued at 1B pounds. Throwing big figures around without backing it up with facts is not good enough.

If the company was so valuable, why are they selling?

Vianna:
Almost half a billion dollars was dropped the first time they bought a share in the company. Only God knows how much they must have dropped for full acquisition.

Mr man stop blowing lie. Haba you dey lie o, nah $240 million dem pay for the 40% stake o.

Vianna:

Same cocacola acquired a coffee company in the UK last year for about $5B and they're still doing well.

Disappointing. The chivita brand is big and even has the potential further growth. It would have been wise to still have some control maybe 20%.

[quote author=RealTrump post=75293291]

You need to be careful with these figures. If in 2016, 40% of Chi was bought for $500M. It means the entire 100% of the company in 2016 is valued at $1.25B. Which means by now, Chi might be getting close to $2B. WhatsApp was bought for $4B.

Blomberg will be of great help to you.

How many companies in the world are valued at 1.25B? Even Liverpool is valued at 1B pounds. Throwing big figures around without backing it up with facts is not good enough.

How many companies are valued at 1.25? Cocacola itself is valued at almost $200B . thousands upon thousands of companies worldwide are worth billions of pounds . Please do your research.

If the company was so valuable, why are they selling?

The fact that a company was sold/acquired doesn't mean it wasn't valuable in the first place.
Same cocacola bought Costa coffee last year at $5B. Ask why snickers and twix were.acquired by mars inc, or why Pepsi acquired doritos, Lipton and mountain dew or why Unilever acquired B&J etc

frugal:

It's actually the other way round. They're nipping a major threat in the bud.

You can say that for sure. Not the idea that they'll want Chi products off the market like the other guy suggested.

lastempero:


Business transaction!!!

Mtchewww.
Which kind transaction

Vianna:

BREAKING NEWS: Mega Consumer Brand, Chi Limited Acquired By Coca-Cola https://www.scooper.news/detail?newsId=2087700

Now sugar takes over Chi juice! Not good!

daddytime:
Wow...what a take over...

I'm on course to building something a multi national would love to buy over or I'd be buying over smaller competitors.

Good luck building

jammyneutron007:


Good luck building

Thanks mate

pappybarry:


I doubt you understand the concept of acquisitions such as these. Give you an example that comes to mind... Facebook's acquisition of Whatsapp. Can you say same for this too ?

And can you also explain what happened to Limca after coca-cola bought it? They are by no doubt the largest and oldest beverage company in the world, but acquisitions like this begs more question.

NewDelhi:


This life no get blueprint. A whole CHI .. What will happen to caprisonne, chivita, Superbite , hollandia and theany products from the house of CHI

Will their employees be affected too?

Y do u guys hv d misconception that d take over is a bad thing?..

Robbin7:
Why na?
I thought Chi was doing well?
As a matter of fact, I don’t like this news one but. I’m a Nigerian and I support everything good about Nigeria. Chi was our pride in their field.

Chi was as good as a foreign company..
It was owned by foreigners,run by foreigners..So don't know the pride u are talking about..

NO MORE FROM "THE HOUSE OF CHI"....

No be to buy be head. Hope they will be able to maintain the quality of their products. Cocacola is not a brand known for quality sustainability. Just check out how horrible cocacola and its sister products have become. Hope Chi products won't go the same way.

Robbin7:

Mtchewww.
Which kind transaction

They can't wrestle with coca cola.

A whole CHI! Chai coca-cola will do a pathetic funeral for this thriving company. Why sell when U re doing well?

anonymous96:

Y do u guys hv d misconception that d take over is a bad thing?..

cocacola dnt do quality products. That was why CHi juices knocked off their pathetic five alive. They do buy and bury bcs of their huge financial war chest.

islandmoon:
monopoly is bad for Nigeria economy, capitalist at it again!!! taking the profit abroad. same reason DSTV is frustrating TSTV, like they frustrated HITV, indigenous companies should be encouraged to enable them go global, too bad our president only know about cow

How is DSTV frustrating TSTV and how is it DSTV's fault that HITV had terrible management?

anonymous96:

Chi was as good as a foreign company..
It was owned by foreigners,run by foreigners..So don't know the pride u are talking about..

Really?
I must have missed that.

Coca Cola bought crush soft drinks closed the company , they later bought limca soft drink closed up the company , now they have bought chi , it will surely be closed , just to phase out competitors

Robbin7:

Really?
I must have missed that.

Don't kno if u being sarcastic or not.. Hard to tell on Nairaland.. But yah it is.. so d company made its money in Nigeria and d owners spent it elsewhere... A lot of Nigerians would have been millionaires$$ if it was employee owned..Coca Cola just made a bunch of dutch nd indians richer

anonymous96:

Don't kno if u being sarcastic or not.. Hard to tell on Nairaland.. But yah it is.. so d company made its money in Nigeria and d owners spent it elsewhere... A lot of Nigerians would have been millionaires$$ if it was employee owned..Coca Cola just made a bunch of dutch nd indians richer

Smiles!
As a matter of fact I didn’t know.
Going by the name CHI, I never bothered to check. But now that you have brought it here. Thank you.

goodconscience:


If you go in with that mindset, you'll never achieve anything.

Really? Have you heard of serial entrepreneurs who build up businesses just to sell and move on to re-create.

islandmoon:
monopoly is bad for Nigeria economy, capitalist at it again!!! taking the profit abroad. same reason DSTV is frustrating TSTV, like they frustrated HITV, indigenous companies should be encouraged to enable them go global, too bad our president only know about cow

DSTV never frustrated HITV, the founder of HITV mismanage the 9billion Naira loan given to him by GTB

I think they only acquired the beverage part of Chi limited not all of Chi

[quote author=stankezzy post=75297607]Coca Cola bought crush soft drinks closed the company , they later bought limca soft drink closed up the company , now they have bought chi , it will surely be closed , just to phase out competitors[/quote
It will be stupid of them to do that..
They buying cos they have seen d potential of Chi's product in d west African Market..
Plus why was WhatsApp sold...
It was cos owners know how much profit they were gonna make..
Same way chi is selling because they are making a huge profits....
They can always start another company with a new brand name n start a new range of products since they already have the formulars for each product..
Its purely business.... And whether quality remains the same or changes.. That one na coca cola problem.. Na dem go lose o..
When Chelsea was sold to ambrahamovic,did business run down.. Same way Leicester and Liverpool were sold to new owners..
Takeover always favours d seller except in cases they been bailed outta debts

tgbaba:
And this is end of all chi products. Cocacola doing what she knows best, buy competitors and render all their brands redundant. same old way. Just pity staff that will be retrenched.

Exactly

tgbaba:
And this is end of all chi products. Cocacola doing what she knows best, buy competitors and render all their brands redundant. same old way. Just pity staff that will be retrenched.

Just like what they did to Limca. Killed all their factories, goldspot, parle soda brands and left only Limca brand.