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Retail Intelligence

Weekly Round Up.... 03 March, 2020

By Donna Ahern
Weekly Round Up.... 03 March, 2020

Tequila maker Jose Cuervo has announced it plans to challenge bartenders all over Ireland to create a Cuervo Tradicional margarita with a twist and to submit their entry on The most impressive margaritas will be invited to a live final in Dublin on Tuesday, 24 March where finalists will compete to win the title of Ireland’s Best Margarita in front of a panel of expert judges. Using Cuervo Tradicional Silver, the criteria for judging includes inventiveness and quality in both the recipe and presentation, as well as a high level of technical skill. Entrants are encouraged to keep sustainability in mind as well as the latest cocktail trends.

Independent craft brewer BrewDog, has revealed the details of the first initiative from its sustainable business charter ‘BrewDog Tomorrow’with Cans for Equity. The programme will see BrewDog exchange shares in its business for empty aluminium BrewDog beer cans, in a bid to encourage more sustainable business practices through incentivised recycling. Starting today, anyone can trade in 50 empty BrewDog cans in any European BrewDog bar to become an Equity Punk shareholder. The initiative will be live until its latest round of crowdfunding closes in April.

British baker Greggs warned on Tuesday that uncertainties over the potential impact of coronavirus were clouding its outlook for 2020 after a stellar 2019 when profit jumped 27%, reports Reuters.  The group said it had made a strong start to 2020 in January but saw a significant slowdown in February after widespread storms hit Britain, while it also called out staff wages and pork commodities driving cost inflation.

Glenisk, has partnered with Self-Help Africa on a new local to global campaign which will result in the planting of one million trees throughout 2020. As part of Glenisk’s charitable and sustainability efforts, the initiative will see 10 trees planted in Africa for every native tree planted in Ireland through the campaign. The yogurt maker said that in a bid to reduce the rising levels of carbon dioxide in the atmosphere, the coming together of Glenisk and Self-Help Africa will result in a total of one million trees planted in Sub-Saharan Africa and 100,000 planted in Ireland.

The newly-launched Pot Still Irish Whiskey from Glendalough Distillery has won gold at the 2020 World Whiskies Awards. The global awards select the best in all the internationally-recognised styles, while acknowledging and promoting the world’s best whiskies to consumers and the trade across the globe. Having only launched back in October 2019, this is Glendalough’s first Pot Still release. The liquid was first matured in ‘alligator charred’ ex-bourbon casks for three years before being transferred into the virgin Irish oak casks, to reflect the fact that it is a quintessential Irish style of whiskey.


British online supermarket Ocado has advised customers to place orders further in advance because of 'exceptionally high demand', indicating a possible reaction from shoppers to the spreading coronavirus outbreak, reports Reuters. Britain announced a jump in coronavirus cases on Sunday, with 13 new infections taking the total to 36 and prime minister Boris Johnson warning that the number is likely to rise. Ocado, a pioneer in online food shopping, e-mailed some customers on Friday to warn of high demand for its delivery service.

Czech businessman Daniel Kretinsky has tightened his ties with French retailer Casino by refinancing derivatives deals struck by its indebted parent Rallye. Kretinsky, already the owner of 5.64% of Casino's capital, will provide up to €233 million ($259 million) through his EP Investment vehicle to refund derivatives deals Rallye had sealed with financial institutions, Rallye said in a statement, reports Reuters. Monday's refinancing deal is backed by a fiduciary trust, which gives Kretinsky a pledge over approximately 9.5 million Casino shares, or a 8.73% of its share capital.

© 2020 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.

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