AG Barr sees little impact from Britain’s proposed sugar tax
LONDON – AG Barr, the maker of Irn-Bru and Rubicon fizzy drinks, said its brand strength, product reformulation, and innovation would minimise the financial impact of a sugar tax proposed by Britain’s Chancellor.
George Osborne said earlier this month that the government would introduce a sugar levy on soft drinks in two years based on a drink’s sugar content.
AG Barr also said on Tuesday that its statutory pre-tax profit rose 7 percent to 41.3 million pounds ($58.75 million). -Reuters