Bulmers owner C&C targets profit recovery on summer reopening

Drinks group C&C is hopeful of seeing a significant bounce in profits on the back of Ireland's hospitality sector reopening next month.

The new chief executive of Bulmers cider owner C&C has said the group should return to profit this year on the back of Ireland’s hospitality sector reopening, even under restrictions.

David Forde, who replaced Stephen Glancey as C&C chief earlier this year, said the business returned to profit when hotels, pubs and restaurants temporarily emerged from lockdown over the course of last summer.