UK: Indulgence Patisserie plans to "double turnover"
UK firm Indulgence Patisserie aims to double its turnover to GBP16m (US$26.7m) in the next three to five years, managing director Angus Allan told just-food.
"We anticipate that most of our growth will come from increased sales of our Indulgence-brand desserts, and from the development of unique high-quality, hand-finished, bespoke, private-label products for our domestic and international retail, foodservice, catering end-user and travel catering customers," Allan said.
Indulgence Patisserie exports 25% of its products overseas and the company plans to grow both its domestic and international sales.
In order to step up production, Indulgence Patisserie is investing GBP2.5m in a new facility in Colchester, Essex. The move will increase the UK dessert maker's capacity and expand its workforce to 80 people, up from 50 that are currently employed, Allan said.
- just-food's pick: Innovation on show at ISM 2016
- Mondelez results and outlook - 7 things to learn
- What are the implications of Brexit for UK food?
- Richelieu Foods CEO eyes growth - interview
- Foodservice focus: McDonald's/Five Guys/Starbucks
- Chobani targets growth after rejecting offers
- Mars to cut artificial colours from global foods
- Private-equity firm HKW acquires Panos Brands
- PepsiCo's Nooyi: "macro challenges" will continue
- WWF launches food security platform