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.
We hear a lot in the food industry about two interconnected trends: and social media and “foodie” culture....
Nestle, set to welcome a new CEO on 1 January, has announced more changes to the make-up of its senior management team....
Blue Bell Creameries is trying to win back the trust of consumers after a fatal listeriosis outbreak last year was linked to its products - but in recent days the US ice cream maker has issued another...
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
- General Mills on Q1, innovation, margins
- Interview: Mondelez's outlook for China
- Aryzta FY results, outlook for 2017 - 6 takeaways
- What next for Bernard Matthews? - comment
- Interview: Mondelez eyes sweet success in China
- ConAgra acquires Frontera Foods' "gourmet" brands
- Nestle close to finalising Garoto deal
- Nestle revamps foodservice arm
- Aryzta FY profits fall
- Nestle launches Nesquik Protein Plus for adults
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- Redefining Snacks: From Conventional Snacks to Snack Replacements
- Global Foodservice Market 2016-2020
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review