UK chocolate firm Thorntons has said it believes it can create a "viable" and "sustainable" store estate despite sales from the outlets decl...
Thorntons' improved first-half performance demonstrates that its strategy to shift towards sales through its commercial arm while working to...
The continued outperformance of Thorntons' commercial division proves the UK confectioner's strategy to rebalance its business model is payi...
Thorntons said it expects to see a "slow" recovery in profitability over the next two years after reporting a fall in annual earnings and as...
Earlier this year UK baker Finsbury Food Group offloaded its gluten-free bread business to venture partner Genius Foods. However, Finsbury, which makes cakes for brands under licence and for UK retailers, still sees potential in bread and today announced plans to significantly increase capacity. Michelle Russell spoke to CEO John Duffy.
UK confectioner Thorntons is undergoing something of a transformation. The chocolate and toffee producer, which has been hit hard by the consumer downturn, is midway through a strategic shift to close the bulk of its store network and focus on commercial sales. Since taking the helm in May 2011, Jonathan Hart has had a mountain to climb: rebalancing the portfolio while tackling weak consumer demand. Nonetheless, the chief executive tells Michelle Russell that the firm is now on the right road for its strategy re-think to deliver improved results.
Shares in Thorntons tumbled today (13 October) after the UK chocolate maker booked a drop in first-quarter sales - but the business insisted its annual profits will hit market expectations.
Thorntons today (10 September) said it expected the US to become its largest overseas market as the UK chocolate maker continues to build its international presence.
Symington's has teamed up with confectioner Thorntons for the launch of a range of home baking and dessert mixes in the UK.
UK confectioner Thorntons has reported flat annual sales, with a decline in its retail stores offsetting growth from its FMCG arm, which sells to customers including supermarkets.
Shares in Thorntons jumped today (3 July) as the UK confectioner revealed it had secured new credit facilities with lenders.
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