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Ferrero-owned chocolate business Thorntons to close UK outlets

16 Mar 2021

Thorntons, the UK chocolate business owned by Italian confectionery giant Ferrero, has announced a Covid-linked strategy shift.

Jobs cut as Ferrero-owned UK confectioner Thorntons restructures

6 Apr 2020

Thorntons, the UK confectionery business owned by Italy's Ferrero, has made an undisclosed number of redundancies at its site in the county of Derbyshire.

Ferrero - vital for UK to avoid "cliff-edge'' Brexit

12 Dec 2017

Ferrero has painted a bleak picture for its business in the UK should the country fail to reach a suitable trade agreement upon leaving the EU, with a potential increase in import tariffs and a divergence in labelling among the key risks to higher costs.

UK's Finsbury Food Group renews Thorntons cakes contract

5 Sep 2017

UK bakery business Finsbury Food Group has renewed its long-standing partnership with chocolate maker Thorntons.

Finsbury reports 25% rise in full-year sales revenue

19 Jul 2016

UK cake and bread maker Finsbury Food Group has reported increased sales revenue of nearly 25% for the full financial year ended 2 July in a pre-close trading statement released today (19 July).

How Unilever's Grom deal shows brands eyeing own retail presence

6 Oct 2015

Unilever is building on its push into branded ice cream retail with the acquisition of Italian gelato group Grom. And Unilever is not the only manufacturer working to expand its branded retail presence, particularly in "treat" or gifting categories. Katy Askew looks at the benefits branded retailing offers food manufacturers. 

Finsbury launches Thorntons cake bites line

9 Sep 2015

Finsbury Food Group has launched Thorntons Little Temptations, a line of cake bites, in the UK.

Food industry news of the week – Ferrero & Thorntons, JBS & Moy Park

26 Jun 2015

This week has been bumper for food sector M&A. Ferrero announced that it is gobbling up UK chocolate maker Thorntons. JBS is taking control of Moy Park from heavily indebted Brazilian meat group Marfrig. Grupo Bimbo also announced it has purchased parts of Spanish baker Panrico. Meanwhile, in the world of retail, Delhaize and Ahold revealed plans to combine. Here is just-food's top news and insight coverage from this week.

In the spotlight: What lies behind Ferrero's move for Thorntons?

23 Jun 2015

Italian confectioner Ferrero has made a surprise move for UK chocolate maker and retailer Thorntons. One cannot ignore the fact Thorntons has had some challenges, not least in recent quarters with sales to UK multiples under pressure. What could be behind Ferrero's decision? Hannah Abdulla explores.

Ferrero makes offer for Thorntons

22 Jun 2015

Italian confectioner Ferrero has launched a takeover bid to buy UK chocolate group Thorntons, in a deal valuing the business at just under GBP112m.

Food industry quotes of the week - Arla, Premier, Thorntons

26 May 2015

This week, Arla Foods struck a notable deal in Egypt, with plans for a local venture with Juhayna Food Industries. Elsewhere, Unilever announced CFO Jean-Marc Huet would step down from his post and Thorntons said CEO Jonathan Hart had decided to leave the business. Premier Foods announced its annual results and CEO GavinDarby said the UK group would continue to focus on revamping its range.

Food industry news of the week - GMOs, Arla, Mondelez

26 May 2015

The US Department of Agriculture's development of GMO certification scheme emerged this week, adding to the debate over the labelling of foods containing genetically modified ingredients. Elsewhere in the US, Mondelez International revealed jobs will go at a biscuit plant in Chicago. Meanwhile, dairy giant Arla Foods announced a deal in Egypt with local processor Juhayna Food Industries.

Editor's viewpoint: Why FMCG background vital for next Thorntons CEO

19 May 2015

In some ways, Jonathan Hart will leave the UK chocolate maker and retailer Thorntons next month in a better position than he found the business when he joined in January 2011. However, when Hart steps down on 27 June, a decision announced yesterday (18 May), Thorntons should be looking for - or be set to install - a new chief executive with more experience in FMCG and in selling branded products to UK and international grocers.

Thorntons CEO Jonathan Hart resigns

18 May 2015

Thorntons CEO Jonathan Hart has decided to leave the UK chocolate manufacturer and retailer.

Food industry results in brief: J&J, Lala, Pinnacle

1 May 2015

A busy week for results as the first-quarter reporting season got into full swing. We heard from global food manufacturers as far afield as Latin American and Russia, with the likes of Sigma Alimentos owner Alfa and Cherkizovo Group updating the markets. Here is just-food's weekly financial round up.

Thorntons sales, profits fall

2 Mar 2015

Thorntons has booked a drop in half-year sales and net profit after what it described as a “disappointing” performance.

Food industry quotes of the week; Unilever, Lifeway

23 Jan 2015

Unilever revealed its 2014 results this week and revealed its food sales fell last year, prompting CEO Paul Polman to admitted the Flora and Becel maker had lagged the change in how consumers viewed spreads. Elsewhere, Lifeway Foods CEO, Julie Smolyansky, insisted the business is not for sale.

Thorntons confirms "challenges" with UK grocers

19 Jan 2015

Thorntons has booked an 8% drop in half-year sales on the back of "challenges" with some retail customers.

Thorntons shares plunge on profit warning

23 Dec 2014

Shares in UK-based confectioner Thorntons slid 23.17% today as the firm issued an annual profit warning.

Thorntons sanguine as Q1 sales fall hits shares

13 Oct 2014

Shares in Thorntons tumbled today (13 October) after the UK chocolate maker booked a drop in first-quarter sales - but the business insisted its annual profits will hit market expectations.

UK/US: Thorntons forecasts US to be largest overseas market

10 Sep 2014

Thorntons today (10 September) said it expected the US to become its largest overseas market as the UK chocolate maker continues to build its international presence.

UK: Symington's, Thorntons team up for home baking kits

15 Jul 2014

Symington's has teamed up with confectioner Thorntons for the launch of a range of home baking and dessert mixes in the UK.

UK: Thorntons reports flat sales for FY

9 Jul 2014

UK confectioner Thorntons has reported flat annual sales, with a decline in its retail stores offsetting growth from its FMCG arm, which sells to customers including supermarkets.

UK: Thorntons shares jump on refinancing deal

3 Jul 2014

Shares in Thorntons jumped today (3 July) as the UK confectioner revealed it had secured new credit facilities with lenders.

UK: Thorntons Q3 sales hit by commercial arm decline

30 Apr 2014

UK chocolate group Thorntons booked a drop in third quarter sales as a "strong" Easter failed to offset slow trading in February and March and a performance at Valentine's Day and Mother's Day that "fell below expectations".

UK: H1 profits up at Thorntons

3 Mar 2014

UK chocolate manufacturer and retailer Thorntons has reported half-year profits ahead of market expectations.

UK: Thorntons hails "good progress" on turnaround

16 Jan 2014

UK chocolate maker Thorntons said today (16 January) it has made "good progress" on its turnaround plan, which has seen it refocus the business to concentrate on sales through retailers.

UK: Supermarket sales again boost Thorntons

9 Oct 2013

Sales through supermarket chains have again bolstered revenue at UK chocolate firm Thorntons.

Quote, unquote: just-food's week in words

16 Sep 2013

Tesco grabbed the headlines last week after signing an agreement with Yucaipa for its US stores, bringing an end to its failed venture across the Atlantic. Amongst other retailers, Morrisons insisted the "space race" among major UK grocers was "well and truly over" as it released its latest sales and earnings figures. Elsewhere, just-food spoke with Boulder Brands CEO Stephen Hughes about its buoyant gluten-free business. Here is a selection of quotes from last week's news and insight.

On the money: Thorntons confident store estate can be "viable"

11 Sep 2013

UK chocolate firm Thorntons has said it believes it can create a "viable" and "sustainable" store estate despite sales from the outlets declining for the fifth straight financial year.







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