Ferrero-owned chocolate business Thorntons to close UK outlets
Thorntons, the UK chocolate business owned by Italian confectionery giant Ferrero, has announced a Covid-linked strategy shift.
Thorntons
Jobs cut as Ferrero-owned UK confectioner Thorntons restructures
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
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.
How Unilever’s Grom deal shows brands eyeing own retail presence
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
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
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…
In the spotlight: What lies behind Ferrero’s move for Thorntons?
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…
Ferrero makes offer for Thorntons
Italian confectioner Ferrero has launched a takeover bid to buy UK chocolate group Thorntons, in a deal valuing the business at just under GBP112m. The privately-owned group is offering GBP1.45…
Food industry news of the week – GMOs, Arla, Mondelez
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,…
Food industry quotes of the week – Arla, Premier, Thorntons
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…
Editor’s viewpoint: Why FMCG background vital for next Thorntons CEO
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…
