City News: Fever-Tree enjoys US boost but UK sales fall flat thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
The rising costs of logistics has slowed growth within Fever-Tree s UK operation. 21 July, 2021 01:00
Profits at drinks mixer business Fever-Tree are taking a hit from ongoing rising costs of logistics, the company has said. Picture by Lauren Hurley/PA Wire.
PROFITS at drinks mixer business Fever-Tree are taking a hit from ongoing rising costs of logistics, the company has said.
Bosses said the issue remains challenging as global shipping costs rise due to the Covid-19 pandemic, whilst a shortage of HGV drivers in the UK is causing delays and increased costs across the entire grocery and delivery sector.
But despite the problems, the company said sales were ahead of expectations in the first six months of the year, up 36 per cent to £141.8 million.
Fever-Tree profits take a hit from logistics challenges dudleynews.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dudleynews.co.uk Daily Mail and Mail on Sunday newspapers.