Article 61EMZ Mixer maker Fever-Tree says soaring price of glass will hit profits

Mixer maker Fever-Tree says soaring price of glass will hit profits

by
Sarah Butler
from on (#61EMZ)

Shortage of workers in US forces firm to ship more drinks from UK amid rising freight costs and port holdups

The soft drinks company Fever-Tree has warned that the soaring cost of glass for its bottles amid shortages, plus higher transport fees, mean its profits will be almost a third lower than hoped.

The London-based tonic and mixer maker said it was experiencing an exceptionally challenging environment" with glass prices rising by more than 10%.

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