Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
A-Brands

Coca-Cola Could ‘Review’ Irish Operations Following Brexit: Reports

Coca-Cola has said that it may be forced to ‘review’ its Irish operations, should border tariffs be introduced following Brexit, according to The Sunday Times.

The paper published part of a July letter, signed by Petre Sandru, Coca-Cola Ireland country manager and Matthie Seguin, general manager, which said that possible Brexit-imposed tariffs could threaten the group’s Irish business.

‘Enormous Pressure’

“The uncertainty of Brexit compounds the enormous pressure the [sugar] tax will ave on our business and threatens our ability to continue to invest in our operations here, and to maintain and grow our direct and indirect levels of investment,” the letter reads.

In a direct message to Paschal Donohue, the Irish finance minister, Coca-Cola's management warn that the “introduction of border tariffs or custom arrangements based on the WTO tariffs would be extremely detrimental to our business, and could require us to review our operating model in Ireland.”

© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days