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C&C Group Eyes Benefits From Cost Reduction Platform, Sells US Business

Published on Mar 16 2021 8:58 AM in Drinks tagged: Featured Post / Trending Posts / C&C Group / Bulmers / Magners / Tennent's / Davy / Paywall / Vermont Hard Cider Company

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.

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