Case Study

Kölla The Fruit Company

Kolla the Fruit Company Image

Overview

Established in the 1920’s the Kölla group is a global supplier of fruit and produce with 9 international offices.

The groups functional currency is euro. So for subsidiaries who operate exclusively within the EU, there is some currency risk reduced by way of a natural hedge.

The Challenge

  • The organisation operates a global supply chain with purchases and sales made in multiple
    currencies.
  • Foreign currency profits need to be repatriated back to head office.
  • Historically, each of the subsidiaries would manage their currency requirements independently.

Solution

  • Layered hedging strategy over one, two and three months.
  • Millbank market analysis driven by Bloomberg to support optimal trade execution on spot trades.
  • Credit extended on forwards with 0% deposit.

The Results

  • Mitigated exchange rate volatility and substantial reduced overall FX risk.
  • Unified currency risk management approach across all global offices.
  • Improved commercial pricing consistency and eliminated FX pricing increase to customers.
  • Confidence to expand into new global markets with and effective currency management strategy.
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With Millbank FX You Will:

Reduce Costs
Save on international payment fees and access competitive exchange rates.
Protect Your Profit
Mitigate currency fluctuations risk with our expert guidance.
Access Global Markets
Access 80+ tradeable currencies and transfer funds to over 120+ countries.
Get Tailored Expertise
Benefit from our deep understanding of multiple industry sectors.

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