Thorntons

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UK: Thorntons brand enters the biscuits category

October 9, 2015

The Thorntons chocolate brand is entering the biscuits category with the launch of a new range that is being distributed under licence by Lightbody Ventures. The new range comprises Chocolate Caramel Wafer Rolls, Caramel Wafer Rolls, Caramel Squares, Double Chocolate Melts and Mint Chocolate Melts and is positioned within the ‘special treats’ segment of the biscuits category, according to a report in FDIN. Commenting on the launch, Lightbody Ventures commercial controller John …

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UK: Ferrero set to acquire Thorntons in £112 million deal

June 26, 2015

Europe, Food

Ferrero, the Italian manufacturer of chocolate and confectionery products, has bought British chocolate producer and retailer Thorntons for £112 million ($176 million). The Italian company has said it will pay 145p per share, having originally secured a stake in the business of just under 30%. Thorntons achieved sales of £222.4 million ($350 million) and profits of £7.5 million ($11.8 million) in 2014. Thorntons chairman Paul Wilkinson said: “Ferrero is offering …

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