Tag: 苏州水磨会所

Giles adds value

first_imgWith the sale of its quiche manufacturing plant to The Food Investment Group at the end of January, Milton Keynes-based Giles Foods closed the door on nearly 30 years of producing and selling chilled quiches. But why sell a successful business that had grown by 150% in its previous year? The answer, says Giles, is added-value bread.Giles has just completed the final phase of building a state-of-the-art speciality bread bakery, at a cost of over £5m. This is situated just around the corner from the old quiche factory. The site has been built in two phases: the initial phase saw construction of a speciality bakery, which has been fitted out with three automated bread lines. This now feeds a new added-value plant, with four automated lines, able to pack into chilled or frozen formats. Realistic pricesBaguettes, ciabatta, focaccia, flat breads, slices and ‘tear-and-share’ are all produced at the new facility. Giles says it offers retailers and foodservice customers quality products, made to individual specifications, at realistic prices. To do this, the firm operates at high technical standards and completed the first full audit of the new site in February, gaining British Retail Consortium (BRC) Accreditation, grade A.While this was happening, the company says it has kept its focus on the Danish pastry market. It has also upgraded its Warminster site, nearly doubling it in size. This site, too, has just achieved BRC accreditation, grade A. Giles Foods’ technical director Cindy Lester says: “To gain grade A accreditation on both sites, while going through the turmoil of selling a major part of the business, has been an immense achievement by all members of the team. It was a real test of our systems and their robustness.” Shop floor upwardsAs a privately owned and managed company, Giles Foods does not have a complicated decision-making structure. The management runs the company from the shop floor upwards. Having turned over nearly £28m a year, before the sale of its quiche business, Giles now has ambitions to double its business from its new base of £13m over the next two years.“‘Who are you?’ has been a question too often asked by buyers, when being contacted by the sales team,” says David Marx, sales and marketing director. “With buyers in high street retailers changing every 18 months to two years, we have to make a lasting impact. In order to do that, we will lead in development, quality and reliability.”last_img read more

Read More

Watch These Six Singers Perform Snarky Puppy’s “Shofukan” Completely A Cappella

first_imgWell, this is jaw-dropping.It takes a certain level of mastery to play the music of Snarky Puppy, as the unique jazz/funk collective flows through ornate compositions with panache. To totally re-interpret that music, however, is on a level of its own. That’s what this A cappella group did, as part of their unique “Adapted for Six Voices” series. The sextet tackled Puppy’s famed song “Shofukan” with a twist, abandoning all instruments for a vocal-only rendition.Feast your ears on this incredible adaptation in the video below.For comparison, here’s the original version of “Shofukan.” Vocalist CreditsSoprano: India CarneyAlto: Erin BentlageTenor: Nathan HeldmanBaritone: Ben McLainBass: Tracy RobertsonVocal Percussion: Charlie Arthurlast_img read more

Read More

Tough closing period weighs heavy on LeoVegas 2019 results

first_img Submit LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Related Articles Björn Nilsson: How Triggy is delivering digestible data through pre-set triggers August 28, 2020 Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 LeoVegas AB has detailed a tough closing period to 2019 trading, in which significant Q4 exceptional costs have impacted the firm’s full-year performance.Updating investors, the operator explained that it has booked €6 million attributed to restructuring costs, on top of a €10 million Royal Panda impairment charge.The expenses see LeoVegas post Q4 2019 operating losses of €2.5 million (Q42018: €2.6m), despite the company maintaining improved revenues of €87 million (Q42018: €84m).LeoVegas added that the operating period saw the company move to reduce ‘group complexities’ in reaction to changing regulatory circumstances across key markets.“2019 was a year characterised by change in our industry, with external challenges coupled to higher demands for compliance, higher gambling taxes and uncertainty surrounding future regulation,” said Gustaf Hagman, Group CEO of LeoVegas AB. Q4 costs weighed down on LeoVegas’ full-year 2019 operating profits (EBIT) to €12.7 million, down 33% on the corresponding FY2018’s €19 million.    Despite this EBIT setback, LeoVegas governance pointed to strong operating metrics recorded during 2019, with group revenues up 9% to €356 million (FY2018: €328m). The Stockholm enterprise also maintained a positive group EBITDA at €50 million (FY2018: €41m) after navigating a year of tough regulatory adjustments across multiple markets.“A couple of weeks ago we communicated a number of strategic decisions coupled mainly to the UK and our ambitions to create a less complex and more scalable organisation,” said Hagman. “These initiatives gave rise to one-off restructuring costs that affected fourth-quarter earnings by a total of EUR 6.1 m and are expected to lead to annual cost savings of approximately EUR 3.7m.“The savings consist mainly of platform and product costs, a more efficient organisation and more optimized premises.”Closing its statement, LeoVegas confirmed that the firm has removed its ‘2021 target’ of reaching sales of €600 million and EBITDA €100 million – choosing instead to assess future corporate performance on sustainability and long-term growth. StumbleUpon Share Sharelast_img read more

Read More