National Cider Still Suffering

Dear Client:C&C Group's U.S. cider business is suffering. Still.The Irish drinks company, which made its way here with the purchase of Vermont Hard Cider for $305 million in 2013, has taken two major impairment charges on its U.S. business since 2015.In May 2015, C&C wrote down the value of its U.S. business by 150 million euros. The company announced yet another writedown yesterday; this time a 129 million euro impairment charge. "Following this impairment, the carrying value of our Vermont