Finsbury Food Group is ramping up its partnership with global drinks giant Diageo to launch one of its signature distilled gins in cake form; along with its 20-year affiliation with Ferrero to introduce a raft of new additions to the Thorntons range focused...
Historic brand, which is owned by the Ferrero Group, has announced the closure of its remaining 61 UK high street stores with the loss of approximately 600 jobs.
British high street brand Thorntons chocolates has reported further losses as sales dropped 9.5% to £122.3m in the year to 31 August 2019 compared to £135.1m the previous year.
Ferrero UK has invested £6.74m ($8.61m) in launching a new range of confections for Christmas 2018 after the company achieved consecutive seasonal growth over the last five years.
Ferrero should move its newly acquired Thorntons business out of discount stores to help it capitalize on the growing premium segment in the UK and abroad.
Thorntons took a £7.7M hit to UK commercial sales in the first half of its financial year after two major accounts significantly reduced orders, although international sales partially offset the damage.
UK chocolate firm Thorntons has posted sales declines in the second quarter and has no other option but to follow major supermarkets downmarket, according to an analyst.
Thorntons aims to pump £10M each year for the next three years into expanding capacity in its biggest capital investment in 25 years, it confirmed in a conference call.
UK premium confectioner Thorntons has claimed consumer sentiment for gift chocolates is strong in spite of a troubled UK economy as it posts positive full year results.
UK chocolatier Thorntons has reported increased sales in the third quarter as its focus on the commercial channel drove performance over Valentine's Day, Mother's Day and Easter.
Confectionery manufacturer Thorntons plans to close a further 40 stores in this financial year, as it continues to focus on “significant growth” in multiple-channel sales via supermarkets and Thorntons Direct online.
UK premium chocolate firm Thorntons has restored sales growth in its second quarter trading update as its focus shift from own-stores to commercial sales pays dividends.
UK chocolatier Thorntons will look to restore profitability by concentrating on Easter and Christmas products in commercial channels as it shifts its strategy away from own-store sales, according to the firm’s CEO.
UK chocolatier Thorntons is to concentrate on selling its premium chocolate range through commercial channels and will also explore international markets after its earlier focus on own-store sales helped profits to slump.
UK chocolatier Thorntons has suffered a 63% decline in profits in its half yearly report and intends to close almost half of its own stores and focus on commercial retail sales.
Former Thorntons chairman Peter Thornton says the firm's current woes are due to an unduly large shop chain, poorer product quality and "extremely bad" retail marketing.
UK confectionery manufacturer and retailer, Thorntons, has issued a profit warning citing the hot weather conditions over the Easter trading period as a factor in its poor own stores sales.
UK chocolate maker and retailer, Thorntons, should renegotiate on own shop leases in order to claw back some lost profits, claims an analyst as the group issues another pre-tax profit warning and its CEO steps down.
UK chocolatier Thorntons yesterday posted an increase in net sales
for the fifth quarter running, as the company's business recovery
plan continues to prove effective.
John Thornton, the last family member on the board of one of the
UK's leading confectionery companies, Thorntons, has announced his
resignation, bringing to an end nearly a century of direct family
ownership.
British chocolate maker and retailer Thorntons has announced that
its chairman Christopher Burnett is considering making a buyout
offer to the company.
Thorntons, the UK confectioner, has retuned to profit growth for
the first time in five years in fiscal 2004, but warned that
further measures to improve the company's finances would entail
more costs in the coming year, reports...
The dominance of the multiple retailers in the UK has had a
devastating effect on the specialist retail sector there, with the
massive buying power of the major chains allowing them to undercut
independent operators at the same time...
Last summer's hot weather had a major impact on sales at Thorntons,
the British confectionery retailer and manufacturer, but the
company had a lot more to be happy about when it came to Christmas.
The private equity arm of the bank Lehman Brothers has emerged as
the latest challenger to bid for Thorntons, the high street
chocolate retailer and manufacturer.
Several more potential bidders have emerged for UK-based chocolate
manufacturer and retailer Thorntons, which earlier this month
confirmed that it had begun discussions with a financial investor.
But the company will hope for a swift...
Selling its popular confectionery products through other retail
channels and diversifying into other product segments has helped
UK-based Thorntons to increase its sales over the last 12 months.
Exceptionally hot weather in the last week before Easter meant that
like-for-like sales at UK confectionery maker and retailer
Thorntons dropped by 7 per cent.
Christmas sales fell compared to the particularly strong
performance in the previous year, but UK chocolate manufacturer and
retailer Thorntons said it was happy with its overall performance
in the first half of 2002/03.
Thorntons, the UK chocolate maker and retailer, has continued to
post good like-for-like sales growth in the first four months of
the financial year, but Christmas will be the key test of its
business plan.
The UK chocolate maker and retailer has recorded its first rise in
underlying sales for three years, but still believes there is
potential for improvement through existing operations.
