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.
Lively Irish pub Nancy Spains set to open in Manchester for the first time
Daisy Jackson
An Irish bar famed for its live music is heading up to Manchester for the first time, and is promising £2.50 pints to lure us in.
Nancy Spains will be venturing out of London for the first time promising to bring the ‘ultimate traditional Irish pub experience’ to the Northern Quarter.
If you were to ask what the hottest trend in hospitality is right now the answer would, apparently, be Guinness. We’re drowning in the stuff.
This latest opening is more about Murphy’s, another Irish stout, than Guinness (they actually won’t serve Guinness at all) but the craic will be much the same.
Nancy Spains is actually set to open almost directly opposite the aforementioned Salmon of Knowledge, taking over the former Corner Boy unit on Stevenson Square in the heart of Manchester.
To celebrate its opening, the pub will be serving its first 5000 pints of Murphy’s for just £2.50, so that it can show off the atmosphere that’s established it as ‘one of London’s favourite pubs’.
They’re promising an array of Irish whiskeys behind the bar, live music performances, and a lively late-night setting.
Nancy Spains was set up by three brothers who travelled all over their home county of rural Kerry researching Irish pubs, before launching two venues down in London.
They want it to balance a traditional pub with the vibrancy of the city.
Peter O’Halloran, co-founder of Nancy Spains commented, “We’re so excited to be launching in Manchester, bringing Nancy Spains to the heart of the Northern Quarter.
“After the success of our two venues in London, it was only right to bring Nancy Spains’ infectious spirit and Irish pride to Manchester. Slainte!”
Nancy Spains will open its first Manchester pub on Saturday 15 March at 21 Hilton Street.
Lucky Mama’s – The Italian restaurant serving pasta in a dough bowl and ‘pregnant’ pizzas
Daisy Jackson
Lucky Mama’s is a local sensation, thanks to its slightly whacky but delicious Italian creations like pasta served in a bowl made of pizza dough and its latest offering, a ‘pregnant’ pizza.
What on Earth is a pregnant pizza, you ask? Firstly we should stress this is a nickname we’ve bestowed upon the dish, rather than Lucky Mama’s chosen branding.
But essentially it’s a helping of fresh pasta that’s folded into the bubble crust of the pizza, like a half-calzone.
Lucky Mama’s started life when founders Mamadou Dhiam and Gaby Santos set up a trailer in their backyard in Eccles in the depths of lockdown.
But thanks to a formidably loyal following that’s spread the word of Lucky Mama’s far and wide, it now has two pretty pink restaurants in Greater Manchester.
Back in 2022, they threw open the doors to their Chorlton restaurant, before returning back to home turf for spot number two in Monton in 2024.
The recipes are fresh and pretty authentically Italian up until the last step, when they throw a curveball by loading their pasta into unconventional vessels.
‘Pregnant’ pizzas at Lucky Mama’sTraditional Roman pizzasLucky Mama’s pink restaurant in Chorlton
Their pasta pizza bowls are what they’re best known for and they fly out of the kitchen – this is where pizza dough is placed around a metal bowl before being baked in an oven.
Then it’s piled high with freshly made pasta, with popular flavours like cacio e pepe, mushroom alfredo, and rasta pasta.
Pasta is available in a regular ceramic bowl too.
You’ll find Lucky Mama’s at 565 Barlow Moor Road in Chorlton; and 217 Monton Road in Eccles.