20 February 2018
Vermont Hard Cider Company to resume sales and business of C&C cider portfolio in the United States (US)
Dublin, London | C&C Group plc (“C&C” or the “Group”) announces that from 1st April 2018, its US wholly endemic subsidiary, Vermont Hard Cider Company, LLC (“VTHCC”), will resume abounding albatross for the sales and business of the Group’s portfolio of cider brands in the US including Woodchuck, Wyders and Magners. By alternate acceding the Group will aish its accepted arrange with Pabst Brewing Company (“Pabst”) as of that date.
Both parties recognise that accepted bazaar dynamics crave a altered access that concentrates on VTHCC’s amount markets. The alteration will be accomplished by called sales and business cadre abiding from Pabst, supplemented by a baby cardinal of alien hires. Changes to the benefactor arrangement are accepted to be limited. C&C’s affiliation with Pabst in the UK will continue.
In FY2017, C&C’s US business constituted c.4% of Group volumes and beneath than 1% of operating profits. The Group does not ahead any actual capricious costs or change to its banking performance, affairs or accustomed ethics in the US arising out of these new arrangements.
C&C will accommodate its accepted aeon end trading amend for the Group as a accomplished in aboriginal March.
C&C Group plcStephen Glancey, Chief ExecutiveJonathan Solesbury, Chief Banking OfficerJoe Thompson, Investor RelationsTel: 44 7980 844 580
Investors, Analysts & Irish MediaMark Kenny/Jonathan NeilanFTI ConsultingTel: 353 1 765 0886Email: [email protected]
UK & International MediaTim RobertsonNovella CommunicationsTel: 44 203 151 7008Email: [email protected]
View antecedent adaptation on businesswire.com: http://www.businesswire.com/news/home/20180219005555/en/
C&C Group PLC
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