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September 5, 2017

UK’s Finsbury Food Group renews Thorntons cakes contract

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

By Andy Coyne

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

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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The agreement will see the Cardiff-based Finsbury continue to produce and market cakes under the Thorntons brand, building on a 17-year relationship.

Jack Cook-Broussine, the Thorntons brand manager for Finsbury, said: “We are very proud of our success with the Thorntons range and how it continues to go from strength-to-strength thanks to our shared values for creating high quality, innovative products.  

“We’re looking forward to the next stage of our partnership and are already working toward introducing some exciting new additions to the range as we push on with our plan to grow the brand presence within the cake aisle.”

Thorntons was acquired by Italy-based food group Ferrero in 2015.

A Ferrero spokesperson said: “We had no doubt that we wanted to continue our fantastic relationship with Finsbury Food Group. The business has been an excellent custodian of our brand, creating products that perfectly encapsulate the premium quality and flavours of our confectionery.” 

Finsbury said it has created a number of premium cake products under the Thorntons brand it will be launching into the market over the next 12 months. 

Finsbury announced last month that it is to close its London-based Grain D’Or business.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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