AG Barr said it has received the notice of termination of its sale and distribution contract with US energy drink firm Rockstar Inc.
In a regulatory filing, the firm said it hopes to continue manufacture, sell and distribute Rockstar products despite the contract ending on 23 August.
Launched in the UK in 2007, the brand has contributed approximately 8 per cent of AG Barr’s sales volumes in the previous financial year.
The Irn-Bru maker added that it will get a one-off compensation payment in accordance with the terms of the contract.
Providing an update on the COVID-19 impact, the firm said the trading continues to be adversely impacted by the lockdown measures, affecting major retail, impulse and hospitality channels.
“At the current time it remains difficult to predict how the balance of the financial year will evolve, with the easing of lock-down restrictions and resulting impact on consumer purchasing patterns,” it added in the statement.
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