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.
Thorntons has booked a drop in half-year sales and net profit after what it described as a “disappointing” performance.
Unilever revealed its 2014 results this week and revealed its food sales fell last year, prompting CEO Paul Polman to admitted the Flora and Becel maker had lagged the change in how consumers viewed spreads. Elsewhere, Lifeway Foods CEO, Julie Smolyansky, insisted the business is not for sale.
Thorntons has booked an 8% drop in half-year sales on the back of "challenges" with some retail customers.
Shares in UK-based confectioner Thorntons slid 23.17% today as the firm issued an annual profit warning.
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.
Global Confectionery Market: News and Events March 2014
Synopsis The report provides a review of the latest news and key events in the global confectionery market during March 2014. Summary Using this report, marketers will effectively gain an insight int...
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- Focus: Can Arla jump-start UK flavoured milk?
- What the analysts say: Nestle's Q1
- Why it is too early to call Unilever food revival
- Kerry Group launches Meateors meat snacks
- UPDATE: Iglo Foods sold to Nomad for EUR2.6bn
- Arla to launch protein dairy drink in UK
- Pork Farms' Kerry pastry deal nears green light
- McCormick to move roles to Poland