Kerry forecasts ‘grave’ no-deal Brexit fallout for Irish food firms

By Conor Humphries

DUBLIN (Reuters) – Ireland’s Kerry Group warned on Tuesday of “grave consequences” for Irish food producers if Britain leaves the European Union without a replacement trade deal.

Kerry, which earned just under a quarter of its 2018 revenue of 6.6 billion euro (£5.8 billion) from Britain, said it moved to reduce its exposure to sterling and had stockpiled several weeks supply of raw materials in case of a “no-deal” Brexit.

“If there was to be a crash-out of the European Union, one could expect a significant fall…
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