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Fox's Sports Biscuits 200 g (Pack of 12)

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About this deal

Ranjit Singh, President of Boparan Holdings Ltd, said: “We are pleased this transaction proceeded smoothly and completed as we expected. It is another significant deal,with good enterprise value, underlining our commitment to transforming our business.” Fox’s is a very high quality business, but it has never really been a fit for 2 Sisters and hopefully they have achieved the right sort of price, some of which will need to go into the Northern Foods Pension Scheme,”​ Wild told Food Manufacture​. A spokesperson for Ferrero said: “There are no plans to change staffing levels at this point. Our primary intention is to invest in the acquired business, capitalise on exciting new growth opportunities for Burton’s Biscuits and make the integration process as seamless as possible, and this only after all regulatory approvals are obtained.”

Sisters Food Group can confirm the completion of the sale of part of its Fox’s Biscuits business to a Ferrero-related company.The new business will continue to operate under the Ferrero-related company following the acquisition of Burton’s last year and the acquisition of Fox's Biscuits in 2020. Ferrero recently closed Thornton’s remaining 61 high-street stores with the loss of 600 jobs. When Ferrero bought the loss-making business in 2015 it had 242 stores in Britain and Ireland. Ronald Kers, CEO of Boparan Holdings Ltd, said: “This sale is in line with our strategy and is further good news as we build on two years of strong turnaround momentum and continue to focus on our core business. It strengthens our liquidity position and reduces our leverage ahead of our planned refinance of the business.

July 2022 - 07:37 GMT Have all types of Foxes Chocolate biscuits been withdrawn from production. Salted caramel ,orange,fudge.everything.totally disappeared since Chrustnas time.WHY???????? In November the same year reports surfaced that 2 Sisters were to launch a formal auction of Fox’s, to be overseen Rothschild.Browne, formally managing director of Burton’s, will now serve as chief executive of the combined Fox’s Burton’s Companies (FBC) UK.

Ranjit Singh, president of 2 Sisters parent firm Boparan Holdings Ltd, said: “Fox’s Biscuits has always been an attractive brand and as one of only two major independent biscuit makers in the UK, it is a prized asset in this market. ​ We have listened to many interested parties over the years, but we have always been clear that Fox’s would only be sold to the right new home, at the right time and for the right value. This sale represents another significant deal for us, underlining our commitment to our business turnaround. ​ Ronald Kers, chief executive of Boparan Holdings Ltd, said: “This sale is in line with our strategy and is further good news as we build on two years of strong turnaround momentum and continue to focus on our core business. It strengthens our liquidity position and reduces our leverage ahead of our planned refinance of the business. We believe the sale to Ferrero is not only beneficial for 2 Sisters Food Group, but it means a positive future for the Fox’s brand with an owner who has a compatible culture and a global reputation for high-quality branded chocolate and biscuit products.” ​ Ayisha Koyenikan, food and drink analyst at the research group Mintel, said Ferrero could use Burton’s as a launchpad for its Nutella brand biscuits in the UK. The biscuits launched in Italy in 2019. “Nutella biscuits have the potential to really shake up the landscape. Ferrero has recently doubled production to increase sales abroad, and so it remains to be seen if a UK launch would be facilitated with imported products or if one of the newly acquired UK factories would be adapted for domestic production,” she said.

Our Biscuits

May 2022 - 10:01 GMT I've been unable to find Fox's Chocolate Crunch biscuits anywhere. You can still their Golden Crunch and a Ltd Edn Chocolate Orange...but no chocolate. What's going on Fox's?? Ranjit Singh, President of Boparan Holdings Ltd, said: “Fox’s Biscuits has always been an attractive brand and as one of only two major independent biscuit makers in the UK, it is a prized asset in this market. Only Fox's branded biscuit business is expected to be included in the deal, and not Fox's own-label products. If agreed, Ferrero would take charge of around 1,500 Fox's Biscuits employees. We believe the sale to Ferrero is not only beneficial for 2 Sisters Food Group, but it means a positive future for the Fox’s brand with an owner who has a compatible culture and a global reputation for high-quality branded chocolate and biscuit products.”

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