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What lies behind Ferrero's move for Thorntons?

Italian confectioner Ferrero has made a surprise move for UK chocolate maker and retailer Thorntons. One cannot ignore the fact Thorntons ha...

Why FMCG background key for next Thorntons CEO

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 choc firm Thorntons says stores can be "viable"

Michelle Russell | 11 Sep 2013

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.

On the money: Thorntons upbeat on strategy

Katy Askew | 25 Feb 2013

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).

Best bits: Confectioners hit sweet spot

Katy Askew | 21 Jan 2013

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.

Thorntons commercial sales good news for strategy

Michelle Russell | 16 Jan 2013

The continued outperformance of Thorntons' commercial division proves the UK confectioner's strategy to rebalance its business model is paying off, analysts have suggested.

Latest Interviews

Interview: Finsbury CEO eyes growth in bread

Michelle Russell | 1 Jul 2013

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.

The just-food interview - Jonathan Hart, Thorntons

Michelle Russell | 17 Jan 2013

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.

Latest News

Finsbury launches Thorntons cake bites line

Hannah Abdulla | 9 Sep 2015

Finsbury Food Group has launched Thorntons Little Temptations, a line of cake bites, in the UK.

News of the week – Ferrero & Thorntons

Katy Askew | 26 Jun 2015

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.

Ferrero makes offer for Thorntons

Katy Askew | 22 Jun 2015

Italian confectioner Ferrero has launched a takeover bid to buy UK chocolate group Thorntons, in a deal valuing the business at just under GBP112m.

Food industry quotes of week: Arla, Premier Foods

Hannah Abdulla | 26 May 2015

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.

Food industry news of week: GMOs, Arla, Mondelez

Dean Best | 26 May 2015

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 resigns

Dean Best | 18 May 2015

Thorntons CEO Jonathan Hart has decided to leave the UK chocolate manufacturer and retailer.

Food industry results in brief: Lala, Pinnacle

Katy Askew | 1 May 2015

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 sales, profits fall

Katy Askew | 2 Mar 2015

Thorntons has booked a drop in half-year sales and net profit after what it described as a “disappointing” performance.

Food industry quotes of week: Unilever, Lifeway

Hannah Abdulla | 23 Jan 2015

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 confirms "challenges" with UK grocers

Hannah Abdulla | 19 Jan 2015

Thorntons has booked an 8% drop in half-year sales on the back of "challenges" with some retail customers.

Thorntons shares plunge on profit warning

Hannah Abdulla | 23 Dec 2014

Shares in UK-based confectioner Thorntons slid 23.17% today as the firm issued an annual profit warning.

Thorntons sanguine as Q1 sales fall hits shares

Dean Best | 13 Oct 2014

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 forecasts US to be top overseas market

Dean Best | 10 Sep 2014

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, Thorntons team up for home baking kit

Hannah Abdulla | 15 Jul 2014

Symington's has teamed up with confectioner Thorntons for the launch of a range of home baking and dessert mixes in the UK.

Thorntons reports flat sales for FY

Hannah Abdulla | 9 Jul 2014

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.

Thorntons shares jump on refinancing deal

Hannah Abdulla | 3 Jul 2014

Shares in Thorntons jumped today (3 July) as the UK confectioner revealed it had secured new credit facilities with lenders.

Thorntons Q3 sales hit by commercial arm decline

Katy Askew | 30 Apr 2014

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".

H1 profits up at UK chocolate maker Thorntons

Dean Best | 3 Mar 2014

UK chocolate manufacturer and retailer Thorntons has reported half-year profits ahead of market expectations.

Thorntons hails "good progress" on turnaround

Katy Askew | 16 Jan 2014

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.

Supermarket sales again boost Thorntons

Dean Best | 9 Oct 2013

Sales through supermarket chains have again bolstered revenue at UK chocolate firm Thorntons.

Quote, unquote: just-food's week in words

Michelle Russell | 16 Sep 2013

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.

Store closures move Thorntons to FY profit

Michelle Russell | 11 Sep 2013

UK chocolatier Thorntons has moved to a full-year profit driven by its recent store closures and strong growth of its sales via supermarkets.

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