Business

Blackstone hopes for sweet success with £110m Barratt sale

[ad_1]

Some of the UK’s best-se‎lling confectionery brands, including Barratt, Dip Dab and Sherbet Fountain, are being put up for sale as Britons’ continuing‎ appetite for ‘retro’ sweet products clashes with healthier eating trends.

Sky News understands that the brands’ parent company, Tangerine Confectionery, will be auctioned later this year by its owner, the private equity behemoth Blackstone.

Tangerine is expected to trade for more than £100m and potentially up to £120m, according to City sources.

Houlihan Lokey, the investment bank, has been hired by Blackstone to handle the sale.

The other brands in Tangerine’s portfolio include Black Jack, Flumes, Fruit Salad,‎ Wham and York Fruits.

Blackstone, which typically acquires businesses many times the size of Blackpool-based Tangerine, ‎took control of the company in 2011.

At the time, it also owned the Butterkist popcorn‎ brand, but this was sold last year to the German parent company of KP Snacks.

Tangerine has had fluctuating fortunes under Blackstone’s ownership, with resurgent‎ demand for ‘retro’ brands offset by broader market trends, which have seen many consumers switching to sugar-free snacking options.

Accounts filed at Companies House show that sales declined from £151.9m in 2015 to £139.3m ‎the following year.

Tangerine attributed the slump to the weaker performance of its own-label business for retailers and “uncertainties caused by the debate on sugar [which] led to the reduced promotion of sweets in the trade”.

Blackstone declined to comment.

[ad_2]
Source link

PropellerAds

About the author

mm

Sky News

Sky News is a 24-hour international multimedia news organisation based in the UK that started as a 24-hour television news channel. John Ryley is the Head of Sky News, a role he has held since June 2006.

Add Comment

Click here to post a comment

Calendar

August 2018
M T W T F S S
« Jul    
 12345
6789101112
13141516171819
20212223242526
2728293031  

RSS Meks Blog

  • Introducing Social Web Suite – a Social Media management tool for WordPress August 21, 2018
    If you ever needed a social media management tool for WordPress, now you have it! Introducing Social Web Suite, a powerful scheduling tool that works with WordPress. The post Introducing Social Web Suite – a Social Media management tool for WordPress appeared first on Meks.
    Ivana Cirkovic
  • Top Facebook plugins for WordPress August 14, 2018
    With it’s 1.47 billion daily active users, it’s only natural to be looking for the best Facebook plugins for WordPress, right? The post Top Facebook plugins for WordPress appeared first on Meks.
    Ivana Cirkovic
  • How can Facebook Debugger help you fix WordPress images? August 9, 2018
    Did you know there’s a tool called Facebook Debugger that can help you fix WordPress images not showing when shared? The post How can Facebook Debugger help you fix WordPress images? appeared first on Meks.
    Ivana Cirkovic
  • Accessible design tips in WordPress July 31, 2018
    What is accessible design and what tips can you implement in your WordPress site to ensure better user experience to your visitors? The post Accessible design tips in WordPress appeared first on Meks.
    Ivana Cirkovic
  • What is freelance writing and how you can make a career out of it July 24, 2018
    Wondering what is freelance writing and how you can use it as a side job or a full time career? Let us guide you through the process of becoming a freelance writer. The post What is freelance writing and how you can make a career out of it appeared first on Meks.
    Ivana Cirkovic
  • Top free and premium WordPress photo gallery plugins for your website July 17, 2018
    Feeling intimidated by the amount of WordPress photo gallery plugins and don’t know which one to choose? Take a look at our list of top free and premium ones and then decide. The post Top free and premium WordPress photo gallery plugins for your website appeared first on Meks.
    Ivana Cirkovic
  • The best SEO plugins for WordPress – 2018 edition July 9, 2018
    Whether free or premium ones, these are the best SEO plugins for WordPress. All you need to do is choose the one that suits best to your needs. The post The best SEO plugins for WordPress – 2018 edition appeared first on Meks.
    Ivana Cirkovic
  • How to start a travel blog from scratch – the ultimate guide July 3, 2018
    Love to travel and collect memories that you want to share with the world? How about learning how to start a travel blog and see how a hobby can become a business? The post How to start a travel blog from scratch – the ultimate guide appeared first on Meks.
    Ivana Cirkovic
  • How to move from Weebly to WordPress? Our step-by-step guide June 25, 2018
    As one of the usual questions we get is how to move from Weebly to WordPress, we thought it would be a solid case to write a step-by-step guide to help you guys at it. The post How to move from Weebly to WordPress? Our step-by-step guide appeared first on Meks.
    Ivana Cirkovic
  • WordCamp Europe 2018 takeaways from Meks June 20, 2018
    Missed this year’s biggest WordPress conference? Here are our WordCamp Europe 2018 takeaways with all the details and significant key messages from great speakers and workshops, enjoy. The post WordCamp Europe 2018 takeaways from Meks appeared first on Meks.
    Ivana Cirkovic

Text

Distinctively utilize long-term high-impact total linkage whereas high-payoff experiences. Appropriately communicate 24/365.

Archives