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.
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.
Finsbury reports 25% rise in full-year sales revenue
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
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…
Finsbury launches Thorntons cake bites line
Finsbury Food Group has launched Thorntons Little Temptations, a line of cake bites, in the UK. The bagged products are mini bites of cornflake clusters, chocolate and fudge. They comes in…
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,…
