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Weekly Round-Up… 2nd October, 2018

Published on Oct 2 2018 10:30 AM

Weekly Round-Up… 2nd October, 2018

Britvic is helping to drive incremental sales of carbonated drinks in 330ml cans through a new price-marked mix and match promotion. The move will allow retailers to tap into the canned drink market, which had eight million buyers in the UK in the year leading up to April 2018, and potentially unlock a £53 million category opportunity. Following on from the success of its mix and match offer on PET bottles, which clearly displays the £1.70 multi-buy PMP to encourage shoppers to pick up two bottles instead of one, Britvic has launched the new mix and match can promotion.

Ornua, the largest exporter of Irish dairy products, with annualised sales of c. €2 billion across 110 countries, has appointed Iarlaith Smyth to President, Ornua Foods North & Latin America. As President Iarlaith will lead the continued growth and development of Ornua’s branded portfolio of premium grass-fed Irish dairy products, which includes both Kerrygold and Dubliner, in the region. Iarlaith joined Ornua Foods North America in 2011 as National Sales Manager.

A.G.Barr has delivered s solid first half financial performance despite volatile market conditions for soft drinks in the UK, according to its latest interim report. The group, which produces some of the UK's leading drink brands, including Irn-Bru, Rubicon, Strathmore and Funkin, saw its revenues grow by 5.5%, to £136.9 million, in the six months ended 28 July 2018.

During the week, as a result of routine operations, Revenue Officers seized 216,000 cigarettes at Dublin Port. The cigarettes were branded ‘Marlboro’, with a retail value of over €112,000, representing a loss to the Exchequer of approximately €97,000. The cigarettes were discovered when officers conducted an examination of freight which had arrived from Singapore. Investigations are ongoing.

French supermarket group Casino said it had agreed to sell some property assets for €565 million to reduce debt levels that have worried investors. Casino shares have tumbled roughly 30% so far this year on concerns about its debts and those of parent holding group Rallye. Research firm Muddy Waters is one of those to have raised concerns over those debts. The stock was up 1.6% on Monday, making it a top performer on the Paris SBF-120 index on Monday, but one analyst said the firm needed to do more than sell real estate to boost its performance.

© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click subscribe to sign up for the Checkout print edition. 

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