C&C loses €12m contract

C&C GROUP has lost a €12 million contract to distribute Volvic and Evian bottled water in Ireland.

French food group Danone, which owns the brands, told C&C it will terminate the contract at the end of November.

“While this termination will impact the profitability of the soft drinks and snacks division, where it accounts for turnover of €12m per annum, it is not expected to impact upon the group’s overall financial performance for the full 2005/6 fiscal year,” C&C, which owns the Ballygowan water brand, said in a statement yesterday.