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Sweet treat economy

  • Sweet success for Haribo as sales hit new record

    Retail

    The UK arm of sweets brand Haribo has achieved record sales for a third year running as its profit also jumped. The West Yorkshire-based division has reported a turnover of £291.5m for 2024, up from the £270.7m it achieved in 2023. The company’s UK sales increased in the year from £258.6m to £278.2m while its [...]

    The UK arm of Haribo is based in West Yorkshire.
  • Brits’ sweet tooth help Ferrero Rocher, Nutella and Kinder Surprise sales surge

    Retail

    The British public’s sweet tooth helped sales at the owner of confectionary brands such as Ferrero Rocher, Nutella and Kinder Surprise jump by more than £60m during its latest financial year. Ferrero UK, which also owns Thorntons and Tic Tacs, has posted a revenue of £624.4m for the 12 months to 31 August, 2024, up from the £557.5m [...]

    Ferrero UK owns brands such as Ferrero Rocher, Nutella and Kinder Surprise. (Photo Illustration by Justin Sullivan/Getty Images)
  • ‘Little luxuries’ and warm weather boost card spending

    Business

    The summer heatwave, along with the ‘sweet treat economy’ pushed card spending to return to growth in August, although it remained below consumer inflation.  Card spending grew by one per cent in August, below the CPIH inflation rate of 3.1 per cent.  Almost half of consumers said they continued to spend on small, luxury purchases [...]

    Spending on little luxuries like baked goods boosted figures in August

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