Coca-Cola HBC’s wholly-owned subsidiary CC Beverages Holdings II B.V. announced its agreed acquisition of ESM Effervescent Sodas Management Ltd. for €45 million on Tuesday. The bottling company is set to acquire the firm from IDEAL Holdings subsidiary S.I.C.C Holding Limited, with the transaction scheduled to close in HY2 2022. Coca-Cola HBC said its acquisition targeted […]

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Fevertree shares tumbled 26.3% to 883p in early afternoon trading on Friday after the drinks company announced a revised FY 2023 EBITDA between £37.5 to £45 million, down from £63 million to £66 million. The drinks producer reported a significant worsening of cost headwinds in the last few months, predominantly linked to freight and glass […]

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Distil shares (LON: DIS) surged 12% on Thursday morning as the group swung to a profit in the six months ending 30 September 2020. The owner of premium drinks brands including RedLeg Spiced Rum revealed a 128% increase in revenue from £824,000 to £1.9m. Pre-tax profit during that period grew from a £1,000 loss to […]

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Coca Cola European Partners PLC (LON:CCEP) have reported a rise in 2019 revenue on Thursday morning. The drinks retailer and producer said that it expects single digit revenue growth in 2020, however performance in 2019 had been strong. Coca Cola reported that revenue had rose 4.5% to €12.02 billion in 2019, compared to the 2018 […]

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