UK: M&S pulls plug on 2 Sisters Avana contract, 650 jobs at risk
2 Sisters has lost out on renewal of the M&S contract
After a 77-year relationship with the bakery, M&S pulling the plug on the business means the site risks closure, a spokesperson told just-food in a statement today (10 Februrary).
While the spokesperson could not disclose the value of the contract, he confirmed the contract represented 85% of Avana's production.
"Clearly this is a huge setback to our cakes business and our operations in Wales, but we are determined to work hard to reverse the situation. As a matter of urgency, we are now making every effort to rebuild the business by seeking alternative customers and opportunities which will minimise the impact of this contract loss.
"Jobs are at risk," he told just-food. "However, this is just the start of a consultation - we're going to try to do everything we can to salvage the situation. We remain hopeful we can retain our business in Newport."
Canadean's "Marks and Spencer Group plc : Retail - Company Profile, SWOT & Financial Report" contains in depth information and data about the company and its operations. The profile contains a company...
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Four in five suppliers to the UK grocery industry have reported "issues" in their dealings with the country's major food retailers, as categorised by the Groceries Supply Code of Practice, a YouGov su...
Meat in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains d...
The report provides a review and understanding of mergers and acquisitions (M&As), capital-raising, partnering deals, and agreements entered into by retail companies during August 2012....
- Carrefour's Indian exit highlights challenges
- Dairy Crest's appeal may grow after deals
- Focus: Trade restrictions hitting Russian outlook
- TreeHouse well-placed after Flagstone move
- Kroger eyes two growing trends with Vitacost deal
- General Mills unveils fresh swathe of NPD
- Ferrero "in discussions" over Oltan Gida buy
- United Biscuits pushes relaunched BN brand
- Diamond takes Kettle brand into popcorn in US
- Research: biscuits in China, FMCG in Middle East