Candyking increases its efforts in Poland – Withdraws from other unprofitable Central European markets

As a step in the strengthening of, and focus on, Candyking’s core business, the company’s Board and management have made a strategic decision to increase its efforts in Poland and at the same time shut down its businesses in Slovakia, the Czech Republic and Hungary.

“Over the last few years, the European food retail market has been characterized by price pressure and challenging competition. For this reason it is a natural step that we focus our resources where we see the greatest growth potential – in this case Poland”, says David von Laskowski, President and CEO of Candyking.

Candyking’s business in Poland will continue to be developed, due to the positive sentiment in the market. Candyking’s export business will continue to handle some individual customers, which are present in the Czech Republic, Slovakia, Hungary, Bulgaria and Romania. The businesses in the affected countries are planned to be completely shut down by April 30th, 2014.

For more information, please contact:
David von Laskowski, President and CEO, +46 (0)8 795 03 00

  
About Candyking
Candyking was founded in 1984 and is the leading supplier of pick & mix in the Nordic region, the UK and Ireland and has operations in Poland, the Czech Republic, Slovakia and Hungary. Candyking currently has more than 10,000 retail outlets and offers stores a turnkey concept that includes products, displays and accompanying store and logistic services. Candyking’s confectionery concept and brands are Candyking, Karamellkungen, Premiyum and Candyking Favourites. In addition, Candyking is the leading pick & mix supplier of natural snacks in Sweden and Finland under the Parrot’s brand. In 2012, the company had about 1,000 employees and sales of about SEK 1.75 billion. More information is available at www.candyking.com

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