Wednesday, February 10, 2010

Duchy Originals reports loss as sales slump

"Duchy Originals, the UK organic food business founded by the Prince of Wales, has booked a loss of over GBP3m (US$4.7m) as sales slumped and the company incurred costs from the sale of its bakery.

In a filing at Companies House, Duchy reported a loss of GBP3.3m for the year to the end of March 2009.

The loss was due in part to just under GBP2m in charges from the subsequent sale of its bakery site in Launceston."

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