FDBusiness.com

Greggs Continues Transformation From Traditional Bakery to Food-on-the-go Brand

 Breaking News
  • Orkla Moves into New HQ Orkla, the Nordic region’s largest branded consumer goods company, has moved into new headquarters in Oslo, Norway. The move marks a new era in the company’s history, with Orkla’s businesses in Norway now assembled under one roof. More than 900 Orkla employees are based in the new office premises. “The building we are now moving into is [...]...
  • New Heads For Carlsberg Group’s European Businesses Lars Lehmann has been appointed as Executive Vice President (EVP) for Carlsberg Group’s Eastern European region and as a member of the global brewer’s Executive Committee (ExCom). He will replace Jacek Pastuszka, who will change from EVP Eastern Europe to Western Europe, while current Western Europe EVP Chris Warmoth reverts to Group Strategy as EVP. Effective [...]...
  • Rising Prices Drive Irish Grocery Sales Growth The latest figures from Kantar Worldpanel show the Irish grocery market grew by 3.5% in the 12 weeks to 24 February 2019, putting the sector on a solid footing as the UK finalises preparations to leave the EU. After a prolonged period of deflation, an upward trajectory in grocery prices is making a significant contribution [...]...
  • New EU Rules to Ensure Fairness in the Food Supply Chain The European Parliament has approved a new set of EU rules that will blacklist practices, such as late payments for delivered products, late unilateral cancellations or retroactive order changes, refusal by the buyer to sign a written contract with a supplier and the misuse of confidential information. Threats of retaliation against suppliers, for instance delisting [...]...
  • Mondelēz International Invests in Prebiotic Functional Snacks Mondelēz International has taken a minority investment in Uplift Food, a US-based early-stage start-up focusing on prebiotic functional foods. This is the first venture investment the company is making as part of SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. A key pillar of the company’s consumer-centric growth [...]...

Greggs Continues Transformation From Traditional Bakery to Food-on-the-go Brand

Greggs Continues Transformation From Traditional Bakery to Food-on-the-go Brand
March 01
12:53 2017

Greggs, the UK’s largest retail baker, increased total sales by 7% to £894.2 million in 2016 as underlying operating profit grew by 8.6% to £78.1 million and pre-tax profit (including exceptional items) rose by 2.9% to £75.1 million. Greggs is the leading bakery food-on-the-go retailer in the UK, with over 1,750 retail outlets throughout the country.

“In 2016 we delivered another strong performance as we continued on our journey to transform Greggs from a traditional bakery business into a modern, attractive food-on-the-go retailer,” says Roger Whiteside, chief executive of Greggs. “Our product offer is evolving to meet the changing needs of our customers and our shop estate and service levels have benefited from significant investment.”

He continues: “The UK consumer outlook is more challenging than we have seen in recent years, with industry-wide pressures emerging in commodities as well as labour costs. However we are confident of making further progress as we implement our plan to grow Greggs as a contemporary food-on-the-go brand.”

Greggs has embarked on a major £100 million investment programme, announced in March 2016, designed to increase capacity and efficiency in shop distribution to support substantial shop growth alongside improved quality and efficiency in the group’s bakery manufacturing operation by centralising production.

Roger Whiteside, chief executive of Greggs.

During 2016, Greggs opened a new distribution centre in Enfield and closed both its Twickenham and Sleaford bakeries. Good progress was also made with the extension of its bakery in Glasgow, which will facilitate the closure of the Edinburgh Bakery in the second quarter of 2017. Greggs has also undertaken detailed planning for the subsequent investment phase across its remaining bakery sites. Greggs expects that it will take approximately two years to implement the transformation of the use of space and equipment across its bakery network.

“Once implemented this new supply chain platform will substantially improve product quality, our competitiveness and, alongside system investment, will complete our transformation from traditional bakery to food-on-the-go,” explains Roger Whiteside. “This is our largest ever investment in our supply chain, reaffirming our strategic commitment to the competitive advantage offered through vertical integration and delivering an attractive return on investment.”

Greggs aims to increase its estate to substantially more than 2,000 shops. In 2016 it opened 145 new shops (including 56 franchised units) and closed 79, growing the estate to 1,764 shops trading as at 31 December 2016.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements