In some ways, Jonathan Hart will leave the UK chocolate maker and retailer Thorntons next month in a better position than he found the busin...
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...
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.
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.
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.
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.
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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