High street confectionary retailer Thorntons has seen sales grow 6.3 per cent during its Q2 to £93.1 million, which also includes the Christmas period. In what has been described as “a good Christmas performance”, Thorntons’ fast-moving consumer goods (FMCG) sales grew by 17.1 per cent to £47 million, while commercial sales in the UK went up by 21.1 per cent.
Confectionery retailer Thorntons is said to be “cautiously optimistic” about its future trading, after experiencing its best second half performance in three years. While many believed Thorntons would become another recession casualty for the high street, the retailer has emerged from a series of troubled quarters “heartened” by the success of its Best of British range and the strength of its customer loyalty.
Daskalidès, a premium chocolatier that’s been making confectionary since 1931, has chosen Covent Garden for the location of its first UK store. Leading property advisors CWM acted on behalf of Daskalidès to secure its inaugural store on Covent Garden's Long Acre back in March.
Fans of Marks & Spencer’s Percy Pigs no longer have to worry about eating real pig in the process...
Due to a number of complaints raised across the UK’s vegetarian community of would-be Percy Pig lovers, the department store has now released Veggie Percy.
Each Veggie Percy has a green ear to distinguish him from his meatier cousins.
Photo from Veggie Advisor
Our verdict? Just as tasty and without the gelatin, or potential Morrissey hate campaign on the horizon.
Kraft has revealed plans to split itself in two to give independence to its fast-growing international snacks business, of which Cadbury's is the central pillar.
The arrangement comes a decade after Kraft separated from Philip Morris and barely 18 months after it acquired Cadbury for £11bn in cash and shares.
Under the terms of the split, Kraft's international snacks business, which generates USD 32 billion of sales per year, will be turned into a separate company by the end of next year. As well as Cadbury brands such as Dairy Milk chocolate and Trident gum, the independent snacks group will include France's LU Biscuits, which was acquired by Kraft in 2007, and US Nabisco brands such as Ritz crackers and Oreos.
Kraft's snacks arm is expected to generate about three-quarters of its sales from outside the US and more than 40% from fast-growing developing markets. Meanwhile, the rump North American non-snack division has sales of about $16bn.
Kraft's chief executive, Irene Rosenfeld, said: "We have built two strong, but distinct, portfolios. Our strategic actions have put us in a position to create two great companies, each with the leadership, resources and strong market positions to realise their full potential."
London mayor Boris Johnson attended the opening of M&M’s World yesterday, a 35,000 sq ft store dedicated entirely to the chocolate brand.
Boris told press the store, which spans four floors, was ‘sure to become one of the capital’s tastiest attractions.’
The £10 million outlet will feature toys, games and attractions as well as a 1963 London double-decker bus and a Union Jack made of M&Ms. Visitors can make their own sweets with chosen colour blends as well as having photos with M&Ms characters.
The shop will be the first of its kind in Europe, following similar store designs to those in New York, Orlando and Las Vegas. Susan Saideman of Mars, which makes the sweets, said the store was a ‘totally unique shopping experience’.
M&Ms World will become yet another example of the growing trend for retailtainment as covered in My Retail Media’s weekend report, which you can read here.
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