Swedish snack maker Cloetta said today (17 February) it had signed an agreement to buy local confectionery supplier Candyking Holding.
The recently-appointed CEO of Swedish confectionery supplier Candyking, Dani Evanoff, is to take over ownership of the company.
Swedish confectioner Candyking has reported further losses for the first half of the year in the wake of falling sales following lost contracts in the group's domestic market.
Swedish confectionery supplier Candyking Holding has acquired local cookies and pastries producer Lilla Fiket for an undisclosed sum.
Swedish confectionery supplier Candyking Holding has appointed a new CEO in an attempt to regain lost ground in the Nordic countries.
Candyking, the Sweden-based confectioner, this morning (27 May) reported growing first-quarter losses after sales tumbled due to the loss of contracts in its domestic market.
Swedish confectioner Candyking has posted higher losses for the year after losing contracts in Sweden and Norway.
Candyking, the Sweden-based confectioner, has posted another half-year loss after the end of contracts in its domestic market and in Finland hit sales.
Sweden-based confectioner Candyking has said it will work on improving the profitability of its domestic business after a a year in which sales tumbled, hitting group turnover and underlying profits.
Challenges in the Swedish market have affected Candyking's profits in the first nine months of the year.
Candyking has booked a drop in operating profit - despite sales growth - as currency exchange pushed up the cost of goods sold at the Swedish confectioner.
Cloetta is set to run the pick-and-mix stands at Sweden's second-largest grocer, Coop.
Confectionery company Candyking has withdrawn from some central European markets citing they are "unprofitable".
Nordic confectioner Candyking will remain private following a decision at the end of last year to abandon its planned IPO.
Nordic confectioner Candyking has withdrawn plans for an IPO, citing fires at two of its suppliers.
Swedish confectioner Candyking has said it plans increase investment to accelerate growth in new and existing markets.
Nordic confectioner Candyking, along with its principal shareholders Accent and EQT, have decided to list the pick-and-mix manufacturer in Stockholm.
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