Unilever is building on its push into branded ice cream retail with the acquisition of Italian gelato group Grom. And Unilever is not the on...
Italian confectioner Ferrero has made a surprise move for UK chocolate maker and retailer Thorntons. One cannot ignore the fact Thorntons ha...
In some ways, Jonathan Hart will leave the UK chocolate maker and retailer Thorntons next month in a better position than he found the business when he joined in January 2011. However, when Hart steps down on 27 June, a decision announced yesterday (18 May), Thorntons should be looking for - or be set to install - a new chief executive with more experience in FMCG and in selling branded products to UK and international grocers.
UK chocolate firm Thorntons has said it believes it can create a "viable" and "sustainable" store estate despite sales from the outlets declining for the fifth straight financial year.
Thorntons' improved first-half performance demonstrates that its strategy to shift towards sales through its commercial arm while working to revitalise the brand is starting to pay off, the group insisted this morning (25 February).
Retailers in the UK and Ireland faced some difficult questions last week, when it emerged that horse and pig DNA had been discovered in beefburgers and "beef" ready meals.
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.
UK cake and bread maker Finsbury Food Group has reported increased sales revenue of nearly 25% for the full financial year ended 2 July in a pre-close trading statement released today (19 July).
Finsbury Food Group has launched Thorntons Little Temptations, a line of cake bites, in the UK.
This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.
Italian confectioner Ferrero has launched a takeover bid to buy UK chocolate group Thorntons, in a deal valuing the business at just under GBP112m.
The US Department of Agriculture's development of GMO certification scheme emerged this week, adding to the debate over the labelling of foods containing genetically modified ingredients. Elsewhere in the US, Mondelez International revealed jobs will go at a biscuit plant in Chicago. Meanwhile, dairy giant Arla Foods announced a deal in Egypt with local processor Juhayna Food Industries.
This week, Arla Foods struck a notable deal in Egypt, with plans for a local venture with Juhayna Food Industries. Elsewhere, Unilever announced CFO Jean-Marc Huet would step down from his post and Thorntons said CEO Jonathan Hart had decided to leave the business. Premier Foods announced its annual results and CEO GavinDarby said the UK group would continue to focus on revamping its range.
Thorntons CEO Jonathan Hart has decided to leave the UK chocolate manufacturer and retailer.
A busy week for results as the first-quarter reporting season got into full swing. We heard from global food manufacturers as far afield as Latin American and Russia, with the likes of Sigma Alimentos owner Alfa and Cherkizovo Group updating the markets. Here is just-food's weekly financial round up.
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.
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.
UK chocolate group Thorntons booked a drop in third quarter sales as a "strong" Easter failed to offset slow trading in February and March and a performance at Valentine's Day and Mother's Day that "fell below expectations".
UK chocolate manufacturer and retailer Thorntons has reported half-year profits ahead of market expectations.
UK chocolate maker Thorntons said today (16 January) it has made "good progress" on its turnaround plan, which has seen it refocus the business to concentrate on sales through retailers.
Sales through supermarket chains have again bolstered revenue at UK chocolate firm Thorntons.
Tesco grabbed the headlines last week after signing an agreement with Yucaipa for its US stores, bringing an end to its failed venture across the Atlantic. Amongst other retailers, Morrisons insisted the "space race" among major UK grocers was "well and truly over" as it released its latest sales and earnings figures. Elsewhere, just-food spoke with Boulder Brands CEO Stephen Hughes about its buoyant gluten-free business. Here is a selection of quotes from last week's news and insight.
- Price an underlying tension across European FMCG
- Interview: UK trade body on Brexit's policy impact
- Danone's Q3 sales - what the analysts say
- Analysis: Tyson's shrewd investment in Beyond Meat
- It won't just be Unilever to push for Brexit hikes
- Nestle lowers outlook on "softer environment"
- Bel takes majority stake in MOM Group
- Mars launches Maltesers in the US
- Abbott sees international nutrition sales fall
- Metropoulos invests in Utz Quality Foods
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Packaged Food: Quarterly Statement Q3 2016
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review