Oct 2016 Financial News

Carib beverages go up too

Oct 21, 2016

Carib Brewery has announced that effective immediately, the prices of its products will be going up. 

In a media release yesterday, CEO Ian MacDonald identified “added costs” as the underlying reason for the price increase.

“We wish to advis e that as a result of the recent national budget announcement, Carib Brewery Limited has unfortunately been placed in the difficult position of having to adjust our pricing in order to cover the added costs attributed to the recent budget initiatives.”

The release, which did not give a new price range, added, “Carib is committed to providing the best value and quality to our customers. Although the price adjustments on our products will be moderate, we are cognisant of the impact that it will have on our customers. Notably, no significant pricing adjustment has been done by Carib Brewery Ltd since 2009. Carib Brewery continues to offer quality brands and service for your enjoyment for all occasions.”

Source:
Trinidad Guardian
Friday October 21, 2016

http://www.guardian.co.tt/news/2016-10-20/carib-beverages-go-too