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    Pink Panthers wafer-maker Rivington hit by Brexit crunch

    Editor
    This one has hit home HARD!

    http://i.imgur.com/KCgzqhF.jpg
    credit Sky News

    The maker of 'Pink Panther' wafers sold in British supermarkets will be the latest food producer to blame a Brexit crunch when it announces on Thursday that it has fallen into administration.

    Sky News understands that the owner of Rivington Biscuits‎, which is based in Wigan, Lancashire, will blame the post-EU referendum slump in the value of sterling for drivng up input costs in recent months.

    Almost 100 of the 125-strong workforce are understood to have been made redundant on Wednesday, less than a fortnight before Christmas.

    FRP Advisory, which is handling the liquidation of BHS, the high street chain previousl‎y owned by Sir Philip Green, has been appointed as Rivington's administrator, according to sources close to owner van Delft.

    The dire news for Rivington's workforce - which will see only 20% retained‎ to service ongoing supply contracts - will underline the lack of pricing power among smaller suppliers unable to pass on sharp increases in raw material costs.

    Unilever, the consumer goods giant whose brands include Marmite, sparked fury when it emerged last month that it was‎ demanding substantial price hikes from major supermarket chains.

    Since then, the maker of Toblerone has reformulated the brand to reduce the amount of chocolate contained in each bar‎, while other major food manufacturers including Iglo Birds Eye and Pepsico have also blamed the fall in sterling for cost increases.

    Van Delft is understood to have invested about £7m in Rivington's production capabilities since buying the company in 2009.

    FRP declined to comment.

    8 Comments

    Anthing good it's the EU, anything bad it's Brexit or the government to blame/praise.

    http://a65.tinypic.com/2wf46m8.jpg

    I guess I'll have to stick to Crawfords Pink Wafers then rather than a cheap copy.

    Euro to GBP has dropped 8% since the referendum result. Margins in the food industry are pretty minimal at the best of times and with a Dutch Parent Company who would trade in Euros it's not surprising in the slightest.

    It's not a case of who to blame, it's a case of fact.

    But either way, you feel for the employees being laid off this close to the holidays.

    Taken from their excellent website:

    Strategie
    Over the past 5 years we have grown very stongly (200%) and now belong to one of the largest cookie factories in the Netherland and England with more growth to come.
    We say because of our so very important principles which form an integral part of Van Delft. Just do it!, Improve every day!, Consistent simplicity!
    "Just Do It!" lies in being proactive and taking initiatives, in completing as- signments, in do what you say (reliability), in do the things consciously and intensively (passion) and do things different.
    Improve Every Day is about continuously setting goals and challenges, to work for improvement every day, to be better than yesterday, to be better as your competitor and is about do whatever you do best.
    Consistent Simplicity means that with every action and decision we execute the necessity test.Is it really really necessary or needed? Does it make our customer, our product or our company better? Is there a better way? Hate spending.
    By working every day to these success factors, we are able to provide 6 guarantees to our customers:
    Customer focussed: Proactive, cooperative and fast.
    Innovation: many great new products.
    Good margins and competitive prices: Elected as the 'Golden Partner of Retail'
    High quality: Excellent test panel results.
    Reliability: High delivery performance, we do what we say.
    Lots of choice: Over 30 product groups, 14 high speed production lines featuring modern technology at our two factories. ( Harderwijk NL & Wigan UK)
    I hope you'll enjoy doing business with Van Delft and that our great products will bring you success, so you can say Van Delft is indeed 'my favourite partner in biscuits'.
    Sincerely,
    Ir Oscar S. de Lange
    Director & Owner

    chaywa

    Euro to GBP has dropped 8% since the referendum result. Margins in the … Euro to GBP has dropped 8% since the referendum result. Margins in the food industry are pretty minimal at the best of times and with a Dutch Parent Company who would trade in Euros it's not surprising in the slightest.It's not a case of who to blame, it's a case of fact.But either way, you feel for the employees being laid off this close to the holidays.



    Awful for the employees as you say, and I expect similar stories in the new year although in a lot of cases the extra costs will simply be passed on to the consumer.

    stuarthanley

    Taken from their excellent website:StrategieOver the past 5 years we have … Taken from their excellent website:StrategieOver the past 5 years we have grown very stongly (200%) and now belong to one of the largest cookie factories in the Netherland and England with more growth to come.We say because of our so very important principles which form an integral part of Van Delft. Just do it!, Improve every day!, Consistent simplicity!"Just Do It!" lies in being proactive and taking initiatives, in completing as- signments, in do what you say (reliability), in do the things consciously and intensively (passion) and do things different.Improve Every Day is about continuously setting goals and challenges, to work for improvement every day, to be better than yesterday, to be better as your competitor and is about do whatever you do best.Consistent Simplicity means that with every action and decision we execute the necessity test.Is it really really necessary or needed? Does it make our customer, our product or our company better? Is there a better way? Hate spending.By working every day to these success factors, we are able to provide 6 guarantees to our customers:Customer focussed: Proactive, cooperative and fast.Innovation: many great new products.Good margins and competitive prices: Elected as the 'Golden Partner of Retail'High quality: Excellent test panel results.Reliability: High delivery performance, we do what we say.Lots of choice: Over 30 product groups, 14 high speed production lines featuring modern technology at our two factories. ( Harderwijk NL & Wigan UK)I hope you'll enjoy doing business with Van Delft and that our great products will bring you success, so you can say Van Delft is indeed 'my favourite partner in biscuits'.Sincerely,Ir Oscar S. de LangeDirector & Owner


    Nice bit of cutting and pasting. And your point is?

    RonChew

    Nice bit of cutting and pasting. And your point is?


    I think 'just do it!' may catch on.
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