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Foreign Currency Losses Blamed For Turnover Drop |
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Friday, 12 February 2010 |
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(Source: Flexnews) Swiss confectionery company Chocolat Frey has blamed a reported 3.4% turnover drop on foreign currency loses in international sales.
Despite the loss, the company's turnover in the Swiss market remained at CHF 265 million in 2009. Chocolat Frey say they are pleased with the success of the brand in Spain, France, the Middle East, South Africa, and in closer to home Austria, where they "Frey" brand was recently launched.
Chocolat Frey, established in 1887, is part of the Swiss retailer Migros. |
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