Samworth Brothers: Profit slashed despite price rises at Ginsters owner September 5, 2024 Sales at Samworth Brothers, the food giant that owns the likes of Soreen, West Cornwall Pasty Co and Ginsters, passed £1.5bn as its raised prices for its customers in 2023, it has been revealed. The Leicestershire-headquartered group said inflation through its supply chain pushed prices for customers up, “despite our significant efforts to mitigate these [...]
Higher price of milk warning issued by Cravendale maker Arla Foods amid shortage August 28, 2024 Arla Foods, the maker of brands including Cravendale, Skyr and B.O.B milk, has warned that customers will face higher prices in the coming months amid a shortage of milk on a global level. The company said it “anticipates that volatile market conditions driven by geopolitical tension and uncertainty” will continue but that a positive trend [...]
McDonald’s salad supplier Agrial loses custom after price increases August 27, 2024 McDonald’s salad supplier Agrial Fresh Produce has cut its loss thanks to price increases after what it described as three years of “upheaval” due to labour shortages and soaring costs, according to newly-filed documents. The Staffordshire-headquartered company, which also owns the pre-packed salad brand Florette, cut its pre-tax loss to £5.5m in 2023 – an [...]
Inside Asda’s turnaround plan to win back customers from supermarket rivals August 9, 2024 It’s a difficult time to be at Asda’s helm – with sales down as well as competitors eating into its market share, the supermarket giant has announced an ambitious three-point turnaround plan to stave off further declines. Without a permanent CEO – the position has been empty since 2021 and filled on an interim basis [...]