Covid-19 takes huge bite out of Greencore’s British sales

Analysis: The sandwich-maker has tapped its shareholders for €100 million amid the continuing uncertainty over the pandemic

29th November, 2020
Covid-19 takes huge bite out of Greencore’s British sales
Patrick Coveney, Greencore’s chief executive, told the Business Post last week that institutional investors were keen to participate in the share placing

Every year Greencore, the Irish-headquartered food company, produces 350 million sandwiches for British supermarkets and coffee shops, serving everyone from workers on their lunch breaks to commuters at bus and train stations.

Its customers comprise the biggest names in British retail, from Marks & Spencer, Tesco and Asda to Pret A Manger and Subway.

When Covid-19 hit Britain in the spring, forcing millions of workers back to their homes, Greencore was among the companies hardest hit,...

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