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Cake Box, the London-listed confectionery chain, has announced the departure of its non-executive chairman Nilesh Sachdev who will step down in November. Sachdev, who is also chair at His Majesty’s Land Registry, is leaving the cream cake maker after five years in the role. The boardroom veteran has helped guide the company since it first [...]
The hot weather and cost living sliced into Cake Box’s trading success in the last six months, as the premium cake maker struggles to keep up with strong comparators. Although group revenues were up a humble 2.1 per cent to £16.8m, EBITDA and pre-tax profit plunged over 32 per cent as cost pressures start to [...]
Cake Box has warned full year profitability could be “significantly below current market expectations” as the cake maker battles inflationary cost pressures.
Cream cake retailer Cake Box has outlined plans to open more stores as it reported a pre-tax profit of £7.7m for the latest financial year. This marked a 83.3 per cent jump from the previous years as it continued its post-pandemic recovery. Revenue rose by 50.7 per cent from £21.9m to £33m. Neil Sachdev, non-executive [...]
Cake Box has reported record sales for the past year after recovering from the side effects of the Covid pandemic. The north-London based firm said its sales leapt some 50 per cent for the year to March, with particularly strong sales in the previous six months. Momentum had been driven by online delivery and click [...]
Cake Box co-founder and CFO Pardip Dass stepped down yesterday after 10 years at the company following an accounting scandal.
Specialist dessert retailer Cake Box saw shares spike 1 per cent at the open today, as it announced group revenue surged 92 per cent in the first half of the year. The cream cake specialist said group revenue jumped 92 per cent to £16.47m in the sixth months to September 30, up from £8.59m in [...]
Cake Box said this morning that its sales nearly almost doubled for the past six months amid a strong recovery in customer demand. The high street cream cake retailer said it was buoyed by its continued expansion, opening 20 new franchise sites over the six months to September, to bring it to a total of [...]
Cake Box is expecting to deliver a strong performance for the year ending 31 March 2021, despite ongoing coronavirus restrictions leaving many retailers struggling. In a market update today the specialist dessert retailer revealed it was currently holding franchisee deposits for 52 sites across the country. Cake Box opened 17 new stores in the second [...]
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