Warburtons crumpets have returned to Waitrose shelves after a two-year exile due to a commercial dispute over prices. Jonathan Warburton, chairman of Warburtons, expressed delight at the restoration of business relations with Waitrose, which had stopped selling Warburtons products in 2022 due to performance not meeting expectations. The brand's return follows a change of leadership at Waitrose's parent company, the John Lewis Partnership.
Warburtons, the well-known Bolton-based bakery, has announced the return of its crumpets to Waitrose shelves following a two-year absence due to a commercial dispute over prices [1]. The news has been welcomed by both parties, with Jonathan Warburton, chairman of Warburtons, expressing delight at the restoration of business relations with Waitrose [1].
The commercial dispute, which began in 2022, saw Waitrose remove all Warburtons products from its shelves due to the brand's performance not meeting expectations [1]. However, Warburtons maintained that quality was paramount, and the company had put a great deal of care into the products it bakes [1].
The row between Warburtons and Waitrose came after a similar dispute between Tesco and Heinz, which saw Tesco refuse to pass on increased costs to customers [1]. Eventually, a deal was reached, and both parties put out a joint statement [1].
The return of Warburtons crumpets to Waitrose shelves follows a change of leadership at Waitrose's parent company, the John Lewis Partnership [2]. According to data from the Mirror, sales of Waitrose crumpets are believed to have fallen by 15% over the last year, while sales in the wider crumpet market have increased by 10% [1].
Warburtons, a family-owned business, reported pre-tax profits of £15.2m for the 12 months to September 25, 2021, compared to £23.6m during the prior year [1]. The company attributed the dip in profits to the effects of the pandemic and a shortage of delivery drivers [1].
In conclusion, the return of Warburtons crumpets to Waitrose shelves marks the end of a two-year commercial dispute over prices. The news has been welcomed by both parties, and the return of the popular crumpet brand to the supermarket is expected to boost sales.
References:
[1] Waitrose sparks fury by removing all Warburtons from its shelves in 'crumpet row' (https://www.mirror.co.uk/money/waitrose-sparks-fury-removing-warburton-28924645)
[2] Warburtons is headquartered in Bolton (https://www.manchestereveningnews.co.uk/news/row-erupts-waitrose-removes-warburtons-25941119)
Comments
No comments yet