Coca-Cola Enterprises (CCE) will report results for its fiscal third quarter on Thursday (27 October). Here, just-drinks brings you highlights of the company’s news in the three months to the end of September.
- Coca-Cola Enterprises started the quarter with the trial launch of its Oasis soft drinks brand on draught in the UK as part of an agreement with pub chain Orchid Group. The trial, using Oasis’ Summer Fruits variant, took place in 40 Orchid pubs through to the end of September.
- Also in July, CCE faced possible strike action by staff in the UK who rejected an improved pay offer by the company. The soft drinks bottler has been in a dispute with around 230 – around 5% – of its UK employees over pay since last year, when a 24-hour strike took place at the CCE’s Edmonton bottling plant.
- A month later, trade union leaders postponed the planned strike at CCE’s distribution facilities across the UK. Unite the union however, said that it still intended to hold a strike in the near future.
- In the same month, CCE completed the sale of US$500m worth of notes in two parts. Proceeds, the company said, would be used for general corporate purposes, including share repurchases and debt repayment.
- September saw CCE suspend a planned EUR17m (US$24m) investment in France following the government’s decision to hike value added tax on added-sugar soft drinks. The company however, was forced to reinstate the plan just 24 hours later, amid a backlash from senior politicians.
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