₦airaland Forum

Diageo leaving Nigeria is a big blow....two or more negative growth, will send Guinness to the "cleaners" because Diageo is no longer there to bail them out with Fx.
Interesting times for the Company and businesses in Nigeria.

YoshihideSuga:
According to which source?

https://www.thedrinksbusiness.com/2022/07/the-five-countries-that-drink-the-most-guinness-in-the-world/

https://www.go-to-ireland.com/top-5-countries-for-guinness-consumption/

https://www.irishpost.com/news/top-5-surprising-guinness-drinking-countries-world-176215

https://www.irishcentral.com/culture/food-drink/countries-sell-most-guinness

Read up bro!

EmilyRimmella:
Na this woman own the group?

No, I don't think so because that Name- Toleram,Aswani is of Indian - dynasty!
You can further do your confirmation!
Indians are Rugged Business People, although Stingy in Emoluments- Remuneration -Payments!

It would have been better if the controlling shares were acquired by a Nigerian company. Tolaram being a Singaporean company will face the same forex problem that forced Guinness to exit the Nigerian market. Seriously. forex liquidity is a big challenge to foreign companies operating in Nigeria as repatriation of earnings are becoming very difficult.

EdiskyHarry:
Telegram don use tapwap, hamster Kombat, notting and many other coins blow by deceiving gullible Nigerians.
I don't blame them sha, na bad government, unemployment and hardship go make person get time tap phone screen for more than 20million times.
It is well oo.
For all these drinks it's not necessary now, na garri I dey find

Your head dey there. Nice innovation from the shyt coin in collab with telegram. The value of telegram will have gone up like this! See wetin unemployment and hardship dey do Africans and not just Nigerians in particular.
Me personally no like free things because na them fit disappoint pass

HeatSeeker:
https://www.thedrinksbusiness.com/2022/07/the-five-countries-that-drink-the-most-guinness-in-the-world/

https://www.go-to-ireland.com/top-5-countries-for-guinness-consumption/

https://www.irishpost.com/news/top-5-surprising-guinness-drinking-countries-world-176215

https://www.irishcentral.com/culture/food-drink/countries-sell-most-guinness

Read up bro!

Thank you. It's good to cite your sources for certain phases. So, I do not understand why you have the emoji whereas I didn't insult you.

seunmsg:
It would have been better if the controlling shares were acquired by a Nigerian company. Tolaram being a Singaporean company will face the same forex problem that forced Guinness to exit the Nigerian market. Seriously. forex liquidity is a big challenge to foreign companies operating in Nigeria as repatriation of earnings are becoming very difficult.

Tolaram is Indian owned. How many Indian owned businesses have shut down in the country compared to Western owned businesses?

Aderupoko2:
Diageo leaving Nigeria is a big blow....two or more negative growth, will send Guinness to the "cleaners" because Diageo is no longer there to bail them out with Fx.
Interesting times for the Company and businesses in Nigeria.

Tolaram has enough funds to sustain the business or deploy cost-cutting strategies. Indians didn't become successful in Nigerian management circles by being lovey-dovey.

seunmsg:
It would have been better if the controlling shares were acquired by a Nigerian company. Tolaram being a Singaporean company will face the same forex problem that forced Guinness to exit the Nigerian market. Seriously. forex liquidity is a big challenge to foreign companies operating in Nigeria as repatriation of earnings are becoming very difficult.

That's what you get for supporting Buhari for 8 solid years. Trust me 😉.

Cmanforall:
Guiness Nigeria sold

Another one down

HeatSeeker:
Like play like play o!

I am disappointed in Diageo sha! Only one year of financial hardship and they are packing their bags! Na wa for them. This is a betrayal of their loyal customers and staff.

No be today their problems start. They have been suffering through successive Nigerian administrations. I remember when Guinness ran out of money during Buhari's government. They were bailed out by Diageo. Tinunbu own pass.

seunmsg:
It would have been better if the controlling shares were acquired by a Nigerian company. Tolaram being a Singaporean company will face the same forex problem that forced Guinness to exit the Nigerian market. Seriously. forex liquidity is a big challenge to foreign companies operating in Nigeria as repatriation of earnings are becoming very difficult.

Which Nigerian company fit buy Guinness? Except for Dangote, but that's not his line of business. Others will run it to the ground. The problem with selling it to Tolaram is that the Indians will run it on a shoe string. I feel sorry for the people still working for Guinness Nigeria.

The company own Indomie noodles.

VeryDarkMan01:


Which one be tolaram again
Anyways First time of hearing about the group

Noniblaq1:
I sell sweet jeans and trousers. See my thread for more

How many have you eaten

Just joking.
KEEP THE HUSTLE GOING!!!

VeryDarkMan01:


Which one be tolaram again
Anyways First time of hearing about the group

They are the producer of Colgate toothpaste. They are stinkingly rich.

john650:
Which Nigerian company fit buy Guinness? Except for Dangote, but that's not his line of business. Others will run it to the ground. The problem with selling it to Tolaram is that the Indians will run it on a shoe string. I feel sorry for the people still working for Guinness Nigeria.

Any sensible employee should start execution of an exit plan fast. No more fat paychecks. They will substantially cut salaries. That's their modus operandi. Indians.. Tolaram, well loaded with cash, they don't joke with their investments.

EmilyRimmella:
Na this woman own the group?

No

OniyideAmplify:
They are the producer of Colgate toothpaste. They are stinkingly rich.

Funny, Tolaram are big players in FMCG space if not the highest. Product catalogue are not limited to:
Indomie
Minimie noodles
Colgate
Huggies pampers and wipe
Minimie chin chin
Hypo
Power pasta
Dano Milk
Go grains
Lekki free trade zone (56% shares deep sea)

To mention a few


They have cash to sustain an economy, and cannot crumble in 100 years time

northbird:
Any sensible employee should start execution of an exit plan fast. No more fat paychecks. They will substantially cut salaries. That's their modus operandi. Indians.. Tolaram, well loaded with cash, they don't joke with their investments.

Why pass fake news bra, performance review is one key part to justify your earnings. Tolaram pays well, so no salaries will be slashed unless you are not worth the pay

zubinike:
Why pass fake news bra, performance review is one key part to justify your earnings. Tolaram pays well, so no salaries will be slashed unless you are not worth the pay

Really, they will keep up with Diageo's payment standard. .....
You don't know much. Let me ask you what is your definition of "they pay well"? 100k,130k?

northbird:
Really, they will keep up with Diageo's payment standard. .....
You don't know much. Let me ask you what is your definition of "they pay well"? 100k,130k?

Then you must be pained for earning lesser, upgrade your skills and negotiate your pay if you are underpaid and can justify the work you do.....I know many in tolaram above 700 to 1m pay cheque.

zubinike:
Then you must be pained for earning lesser, upgrade your skills and negotiate your pay if you are underpaid and can justify the work you do.....I know many in tolaram above 700 to 1m pay cheque.

Pained ke ? ..I'm good with my earnings. Many in Tolaram earning above 700? ; .

Many indeed.

How much is the salary of a RSM in multipro...?