Thorntons

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Thorntons plc

Type	Public (LSE: THT)
Founded	Sheffield, England (1911)
Founder	Joseph William Thornton
Headquarters	Alfreton, Derbyshire, England
No. of locations	400 (with 200 additional franchise stores)
Key people	John A. Von Spreckelsen (Chairman) Mike R. Davies (Chief Executive)
Revenue	▲ £180 million (2007)
Employees	4000
Website	www.thorntons.com

Thorntons is a British chocolate company established by Joseph William Thornton in 1911. Thorntons today is a £180m turnover company with nearly 400 shops and cafes and around 200 franchises together with internet, mail order and commercial services.

1 Notable Products
2 History
3 Management
4 Publicity
5 References
6 External links

[edit] Notable Products

Continental and Special Toffee account for almost £80 million of Thornton's sales and are often cited as two of the favourites among the Thornton product line.^{[citation needed]}

[edit] History

Thorntons was founded in 1911 by Joseph Thornton who set up his own confectionery shop in Sheffield with his teenage son, and has since grown to become the UK’s largest manufacturer and retailer of specialist chocolates. They have established unique selling points in their recognised brand and high street presence and are known for their premium quality chocolates with both quality ingredients and exclusive recipes.

Thorntons has kept its base within the UK, while previous attempts to enter the US, Belgium and French markets proved disappointing. The company was floated on the London Stock Exchange in 1988. The Thornton family have continued to play an active role in the business, and it was only in 1996 that a non-Thornton CEO (Roger Paffard) was appointed.

The 2003 results show turnover increasing to £167.1m, but operating profit decreasing to £9.4m. There is a significant impact of seasonality on the sales demand and a number of strategies have been undertaken to attempt to address this issue – however, 35% of sales are still in the seven-week period before Christmas and a further 10% before Easter. The impact of this on both manufacturing and service are significant, with temporary staff covering positions.

[edit] Management

The now former CEO Peter Burdon (who parted the company in September 2006), proposed a management buy out in February 2004, though this was not successful. Two months later, John Thornton announced his retirement from chairmanship in April 2004.

[edit] Publicity

On 3 April 2007, Thorntons set up what is thought to be the world's first edible billboard. The 14.5ft by 9.5ft (4.4m by 2.9m) and 390kg (860lb) sign was erected outside their Covent Garden, London store, and was devoured by eager passers-by within 3 hours.^[1] The structure included 10 chocolate bunnies, 72 giant chocolate eggs and 128 chocolate panels, each weighing 2kg. The publicity stunt was decided following poor Christmas 2006 sales.