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.
UK consumers are being urged to think of other ways to use their jack-o-lanterns and cut the millions of tonnes of pumpkin that is wasted at this time of year....
A new report by the Soil Association has highlighted a lack of healthy lunch options at the cafes of some of the UK's most prestigious visitor attractions....
The BBC turned to just-food today for insight on the price dispute between Tesco and Unilever....
Just weeks after buying UK turkey processor Bernard Matthews from administration, food tycoon Ranjit Boparan has struck a similar deal....
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