By Roland Bodenham, James Wilmore2015-06-23T07:00:00+01:00
As Ferrero moves to acquire Thorntons, we explain how the businesses got where they are today and the impact of the deal on the market.
Thorntons is poised to close its store on Oxford Street as new owner Ferrero continues a review of the business, Retail Week has learned.
Ferrero’s takeover of Thorntons is on the verge of completion after the retailer’s shareholders agreed to sell almost 80% of shares.
Thorntons shareholders will this week decide whether to accept a £112m takeover bid from confectionery business firm Ferrero.
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