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Golden Wonder is bust
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Old 09-01-2006, 15:33   #1
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Exclamation Golden Wonder is bust

oh dear other of briton's grand old company's has gone bust this less than a year since allders.

http://news.bbc.co.uk/1/hi/business/4595678.stm
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Old 09-01-2006, 15:47   #2
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Re: Golden Wonder is bust

Looks like a case for the Office of fair Trading if this is proved true about the market place being dominated by one crisp maker, I doubt they would get involved though because Walkers have got the Government in their pockets. It says they generated sales of £88million last year, what the hell went wrong this last year? Looks like asset stripping to me.
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Old 09-01-2006, 15:49   #3
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Re: Golden Wonder is bust

Looks like salt and vinegar is green after all.
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Old 09-01-2006, 15:55   #4
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Exclamation Re: Golden Wonder is bust

I feel sorry for all Those people who will lose there jobs as a result of this there
The ones who will suffer more than anyone else.
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Old 09-01-2006, 16:05   #5
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Re: Golden Wonder is bust

Golden Wonder probably relied too much on its brand name, thinking that would be enough to compete with the likes of Walkers. I cannot recall a single Golden Wonder add I've seen on TV in the last 3 months, and additionally I cannot recall them launching new products as Walkers have. Addiotionally I have friends in wholesaling who say Golden Wonder would never compete on price with Walkers.

Maybe they could have done more to save the company, thinking you're safe because you're British is simply not enough.
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Old 09-01-2006, 16:06   #6
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Re: Golden Wonder is bust

I Wonder if they will get a Golden hand shake

I'll get my coat
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Old 09-01-2006, 16:08   #7
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Re: Golden Wonder is bust

Quote:
Originally Posted by marky
I Wonder if they will get a Golden hand shake

I'll get my coat
More like a kick in the nik nakers, if standard redundancy applies
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Old 09-01-2006, 16:15   #8
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Re: Golden Wonder is bust

As far as I know, Walkers do not make 'own label' snacks, only their own brand.

This means that their brand sales do not have to subsidise the own label production, unlike Golden Wonder.

Looking at the reports, the plan seems to be to consolidate the production of Golden Wonder brand & own label on one site & shut down the other one.

I think, although it is speculation, that this is as much to do with the supermarkets screwing their suppliers, as anything else.
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Old 09-01-2006, 16:15   #9
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Re: Golden Wonder is bust

They made nik naks??

That means no more nik naks???????

Nooooooooooooooooooooooooooooooooooooooooooooooooo oooooooooooooooooooooooooooooooooooooooooooooooooo
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Old 09-01-2006, 16:17   #10
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Re: Golden Wonder is bust

AFAIK, Golden Wonder make all the own-band crisps for Sainsburys, Tesco, etc.

HP seems to be doing OK still with their nuts, Hula Hoops, Skips, etc.
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Old 09-01-2006, 16:20   #11
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Re: Golden Wonder is bust

Nik naks are the best tho. maybe walkers will buy those of them
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Old 09-01-2006, 16:36   #12
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Re: Golden Wonder is bust

For a split second I thought the thread was about bras....
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Old 09-01-2006, 16:46   #13
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Re: Golden Wonder is bust

How about the bacon flavour wheat crunchies??? I can't imagine life without them.
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Old 09-01-2006, 16:47   #14
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Re: Golden Wonder is bust

Quote:
Originally Posted by Saaf_laandon_mo
Nik naks are the best tho. maybe walkers will buy those of them
I am off to panic buy some nik naks then........see ya

Last edited by SLM; 09-01-2006 at 18:26.
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Old 09-01-2006, 16:48   #15
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Re: Golden Wonder is bust

Quote:
Originally Posted by Nidge
How about the bacon flavour wheat crunchies??? I can't imagine life without them.
Awwww no! I'm going to have to start stockpiling.
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