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.
“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.