Business World

Saturday 21 January 2017

Bid to expand C&C beyond the UK

Published 18/06/2010 | 05:00

THE chief executive of drinks company C&C Group, John Dunsmore, said yesterday that he wants to expand the business beyond the UK.

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Mr Dunsmore hopes to achieve this within the next three to five years. He was speaking at an EGM to approve the sale of C&C's spirits and liqueur business to the Scottish brewer, Grants. Shareholders overwhelmingly approved the deal.

The vote ratifies the sale of the division for €300m which was agreed in April. The deal will close at the end of this month.

Meanwhile, new figures show that sales of C&C's Magner's cider have increased by nearly 28pc year-on-year (yoy) in the UK on-trade cider market. Data from CGA Strategy, which analyses the UK on-trade, showed that Magner's volumes increased 24pc yoy in a flat on-trade cider market for the four weeks up to April 17.

Davy Stockbrokers described the growth of Magners (the first significant yoy growth since 2007) as a "key pillar" for C&C this year.

Irish Independent

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