British confectionery brand Thorntons to close all UK stores citing ongoing Covid-19 impact on retail market

UK – British confectionery brand and retailer Thorntons has announced that it is permanently closing its UK stores, after more than 100 years of trading. Thorntons referred to the changing dynamics of the high street and the ongoing impact of Covid-19 as the main reason for the shutdown that will impact jobs of over 600 people. The chocolate brand was acquired by Ferrero back in 2015 for £112 million, following several attempts to revive the business. Despite investing over £45 million in the brand, including the opening of new format…

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