beverage - Neighbourhood Retailer https://neighbourhoodretailer.com The authoritative voice of the grocery industry in Northern Ireland Thu, 06 Oct 2022 11:39:38 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://neighbourhoodretailer.com/wp-content/uploads/2020/05/cropped-NR-SIte-Icon-2-32x32.png beverage - Neighbourhood Retailer https://neighbourhoodretailer.com 32 32 178129390 Coca-Cola HBC celebrates double digit percentage growth in sales and profits https://neighbourhoodretailer.com/coca-cola-hbc-celebrates-double-digit-percentage-growth-in-sales-and-profits/ Thu, 06 Oct 2022 11:39:38 +0000 https://neighbourhoodretailer.com/?p=25196 The Coca-Cola bottling business in Lisburn has revealed double-digit percentage growth in both sales and profits in 2021. Boosted by the reopening of hospitality, Coca-Cola

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Boosted by the reopening of hospitality, Coca-Cola Hellenic Bottling Company (HBC) Northern Ireland, which operates from a 500,000 sq ft facility at Knockmore Hill, saw revenues rise by 15.5 per cent to £236.5 million last year.

That followed a difficult 2020, in which pandemic-year sales slipped by nearly 12 per cent to £204.7 million.

Pre-tax profit rose to £44.2m from the previous year (£33.2m), while on a bottom-line basis the company – which has had a presence in Northern Ireland for more than 80 years – banked £35.3m in profits, up from £28.8m previously.

But it also made an actuarial gain of more than £7.2m on the projections used to value its defined benefit pension obligations, bringing its total comprehensive income for the year (net of tax) to just shy of £42.8m.

Coca-Cola HBC is the authorised bottling partner to The Coca-Cola Company for the island of Ireland, responsible for the manufacture, distribution, sale and channel marketing of its non-alcoholic ready-to-drink beverage portfolio.

It produces global brands Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Appletiser, Schweppes and the 1783 range, as well as locally-owned brands Deep RiverRock, Deep RiverRock ViTAL and Fruice.

The company’s Lisburn payroll fell over the year from 450 to 420, with small job losses across all four of its employee divisions (production, distribution, administration and sales & marketing).

But total staff costs still rose by more than £2 million to £23.9m.

Its highest-paid director (general manager Miles Karemacher) had a slight reduction in his salary from £176,314 to £171,939.

In a statement with its accounts, the company said: “We performed ahead of expectations in 2021, impacted by the lifting of Covid-19 related government restrictions sooner than forecast.”

The directors also said they remain committed to “long-term creation of shareholder value by increasing our market share through organic growth, including new product innovations.”

Last year Coca-Cola HBC Northern Ireland became the first soft drinks producer in Ireland to move all its multi-pack cans to more sustainable cardboard solutions, helping it to move closer to its ‘World Without Waste’ vision by eliminating the use of more than 500 tonnes of shrink wrap plastic each year.

Combined with a £10m-plus investment in more recycled plastic and a reduction of plastic use overall, the company says it has reduced plastic usage by almost 5,000 tonnes annually since 2019.

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]]> 25196 Musgrave MarketPlace and Circle K sign new five-year deal worth €300m over 5 years https://neighbourhoodretailer.com/musgrave-marketplace-and-circle-k-sign-new-five-year-deal-worth-e300m-over-5-years/ Tue, 23 Nov 2021 15:20:04 +0000 https://neighbourhoodretailer.com/?p=19102 Musgrave MarketPlace, Ireland’s leading wholesale supplier to foodservice, retail, and SME businesses and Circle K, Ireland’s largest forecourt and convenience retailer, have announced a new

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]]> Musgrave MarketPlace, Ireland’s leading wholesale supplier to foodservice, retail, and SME businesses and Circle K, Ireland’s largest forecourt and convenience retailer, have announced a new five-year strategic partnership.

Under the terms of the partnership, Musgrave MarketPlace will supply the Circle K network of company-owned and franchise service stations.

The partnership is worth over €300 million to Musgrave MarketPlace and continues a 20-year relationship between Musgrave MarketPlace and Circle K (previously Shell, Esso, Topaz).

Circle K will supply fuel to 14 service stations owned and operated by Musgrave in the Republic of Ireland & Northern Ireland, with these forecourts rebranding to Circle K over time – bringing Circle K’s total store count on the island to 425.

Additionally, Circle K will supply fuel to the Musgrave MarketPlace fleet of delivery vehicles across the Island of Ireland.

As wholesale food and beverage suppliers, Musgrave MarketPlace will supply over 165 Circle K forecourts nationwide with a variety of product categories including grocery, beverages, catering, chill & frozen food, and impulse – a total of 2,500 food and beverage products. Musgrave MarketPlace will also supply fresh products such as salads, meats, pastries and sandwich fillings, alongside frozen products.

Local Irish suppliers

Musgrave MarketPlace has an extensive product range in all key food and beverage categories and is proud to support over 680 local Irish suppliers, with over 3,500 Irish products in its range. This continued partnership will also give a significant boost to local suppliers during these uncertain times, in line with the company’s commitment to supporting Irish.

Michael McCormack, Musgrave MarketPlace said: “We are delighted to continue our longstanding relationship with Circle K. After many successful years working together, we understand their business needs and are confident we can continue to provide a first-class range and service to Circle K forecourts nationwide.

“Our unrivalled product range, unmatched delivery options, and commitment to Irish produce and innovation provides the basis for a mutually successful partnership.

“As an Irish family-owned business with 145 years of experience, building long-term partnerships is important to us – indeed it’s one of our Musgrave values. Being reappointed, after a competitive tender process, is an endorsement of our values and approach to business.”

Gordon Lawlor, Managing Director of Circle K, said: “Alongside Circle K’s own extensive and high-quality product range, our ongoing partnership with Musgrave MarketPlace and access to its outstanding offering enables us to continue delivering a really compelling offering to our customers.

“We are also excited to be building on an already very strong partnership on the fuel side by expanding our fuel partnership to 14 service stations on both sides of the border and moving to become Musgrave’s preferred fuel supplier in Northern Ireland. These 14 new sites bring our total store count to 425, and we are confident that this partnership will provide opportunities for further growth in the coming years.

“We have enjoyed a hugely successful long-term partnership with Musgrave MarketPlace over the past 20 years. They have a deep understanding of our business and our commitment to innovation for the benefit of our customers.”

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