Premier Foods moves to Brexit-proof favourite products
Company to start stockpiling ingredients and packaging to ensure Britain doesn’t run out of the likes of Oxo stock cubes and Mr Kipling cakes
Premier Foods will start stockpiling ingredients and packaging to ensure Britain doesn’t run out of store cupboard favourites such as Oxo stock cubes and Mr Kipling cakes in the event the country crashes out of the EU without a deal. The preparations are the latest by a growing list of companies unsetttled by the failure so far to secure an agreed exit arrangement just four-and-a-half months before Britain is due to leave the EU on March 29. Premier Foods, which also makes Ambrosia custards, Angel Delight desserts and Sharwood’s sauces, said it would look to build up stocks of finished products in January if it still seemed like Britain was heading for a “no-deal” Brexit, which could see trade flows disrupted and tariffs on some goods. “If there was a hard Brexit, the issue will be the ports and it will be — in the short term — the flow of products,” CEO Gavin Darby told journalists on a conference call after the firm reported half-year results. Darby said the decision to start sto...
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