Blog: Life is sweet for Thorntons
Dean Best | 17 July 2008
Thorntons, the UK confectioner, sweetened its investors with an upbeat trading update yesterday (16 July) but also highlighted the growth opportunities that can be had by food makers – despite the economic downturn here in the UK.
The company, which claims to produce the “UK's number one luxury confectionery brand”, said annual sales had jumped almost 12%.
The message here is that, although UK consumers might be shunning a fancy foreign holiday here or a flash new motor there, they are finding solace in more upmarket versions of everyday consumer goods.
Get your brand proposition right and you can reap dividends, even if you are facing rising costs and are concerned that consumer anxiety over the economy may scupper sales.
Thorntons chief executive Mike Davies said yesterday that the company has been able to mitigate rising costs through price increases – and the UK consumer has still shown a willingness to snaffle up his upmarket chocs.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
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Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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