Monday, April 22, 2024

Extension on Coke contract

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BANKS HOLDING LIMITED (BHL) is fighting tooth and nail to maintain the manufacturing and distribution of a popular line of soft drinks.

The drinks chain, headlined by the massively popular Coca-Cola, Sprite and Fanta products, is in limbo because BHL’s parent company AmBev are the manufacturers and distributors of Coke’s main rival Pepsi.

BHL has now earned an extension which has allowed it to continue negotiations through its parent company to keep the line in Barbados, after the existing contract had run out last month.

The company is currently operating through a temporary contract until the sensitive negotiations are complete.

Chief executive officer of BHL, Richard Cozier, told the SUNDAY SUN the negotiations could carry on for at least another three months, but he expects a final decision before celebrations begin to mark the country’s 50th birthday.

Please read the full story in today’s Sunday Sun, or in the eNATION edition.

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