Market Overview

SodaStream Faces Pressure In The U.K. Following BDS Protest

Share:
Related SODA
Sodastream Shares Losing Their Fizz After Large Bearish Put Bet
Susquehanna Is Changing Targets At 4 Beverage Companies
The Vetr community has upgraded $SODA to 4.5-Stars. (Vetr)

Shares of Sodastream International (NASDAQ: SODA) closed down 2.5 percent Monday following a report released after the market close Thursday.

The Jewish Chronicle report discusses the Palestinian civil society movement campaign Boycott, Divestment and Sanction (BDS) targeting Sodastream due to setbacks taking place in Britain from its West Bank production plant.

British retailer John Lewis announced its actions to pull Sodastream's products off its shelves following the news of BDS protests. The Jewish Chronicle stated action taken by John Lewis store locations could influence a decline in sales for the Israel-based beverage machine producer.

A U.K. SodaStream spokeswoman stated in a press release, "Following a two-year test period, the company has decided to focus its business efforts on other channels... [Sodastream] is on a high growth pattern, with over 20 percent year-on-year growth and rolling out to new retail stores across the country."

Posted-In: News Movers

 

Related Articles (SODA)

Around the Web, We're Loving...

Get Benzinga's Newsletters