C&C Group Eyes Benefits From Cost Reduction Platform, Sells US Business
Tennent's brewer C&C Group is taking a 'series of proactive steps' to mitigate the impact of the COVID-19 pandemic on its operations, including a cost reduction programme that is set to deliver savings of €18 million per year.
The group outlined its cost savings strategy in a period end trading update for the 12 months to 28 February.
It said that it plans to accelerate the optimisation of its English and Scottish delivery networks by the first quarter of next year, which will consolidate volumes from three separate networks into two, while it has also postponed non-committed capital expenditure projects.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!