2 Sisters Food Group’s parent company, Boparan Holdings, reported a 17.8% drop in like-for-like operating profit in its second quarter trading update, blaming currency fluctuations and the “very tough” trading environment.
Premium confectionery business Hotel Chocolat has reported “stellar growth” in first-half results for its 2016/17 financial year; boosted by strong Christmas sales and continuing store expansion, according to business analyst GlobalData.
Boparan Holdings – owner of 2 Sisters Food Group – is preparing for “one of our toughest” years, warned ceo Ranjit Singh, after the food giant’s parent company reported an 11.9% rise in operating profit to £19.8M in the 13 weeks to October 29.
2 Sisters’ parent company Boparan Holdings reported a 40% increase in like-for-like operating profit to £25.3M in its fourth-quarter trading update, despite the uncertain market following the Brexit vote.
Wholesalers could be making a lot more money from the ‘sales-out’ information they hold by selling this data to suppliers that would also benefit greatly by using it, a specialist in the field has claimed.
Kellogg UK has big plans to grow its business within channels, such as the wholesale and convenience sectors, where price-marked packs (PMPs) will form a central part of the cereal, biscuit and crisp giant’s strategy, its sales director for speciality...