Princes: Branson and Batchelors maker returns to profit as new owner gears up for £700m takeover RETAIL Food and drink group Princes swung back into the black in the year before a £700m takeover was announced, according to newly-filed documents.
Princes: Branston, Batchelors’ and Flora maker sold to Italian giant in £700m deal Manufacturing Food and drink group Princes is to be acquired by an Italian giant in a deal worth £700m, it has been confirmed.
Princes falls to £50m loss and makes further redundancies as potential sale looms Food Food giant Princes cut over 150 jobs while slipping to a loss of more than £50m despite its revenue rising by £300m, new documents have revealed.