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Stock impact report

“We want the capacity of the tanker and the speed of the little boat” – Beechdean MD Andrew Howard on competing in UK ice cream [Yahoo! Finance]

MARKS & SPENCER GRP S/ADR (MAKSY) 
NASDAQ:AMEX Investor Relations: markspizzeria.com
Company Research Source: Yahoo! Finance
Producing more than a million portions a day, the Buckinghamshire-based family business has established itself as a major player in what the company says is a £1.5bn ($2bn) UK ice-cream market. While the bulk of Beechdean's sales come through own-label partnerships with retailers such as Aldi, Morrisons and Asda, Beechdean has attracted attention for its product tie-ups that include producing ice cream for YouTube collective The Sidemen's food brand, Sides. Beechdean, which operates a four-day working week and employs 85 staff, has had to make some tough choices along the way. After experiencing major setbacks with Brexit and Covid-19, the firm parted ways with Marks and Spencer towards the end of last year with Beechdean managing director Andrew Howard, citing a lack of a “collaborative” partnership. Yet Beechdean continues to build momentum in its efforts to carve out a position in a crowded market. It has a new product in the pipeline with UK frozen-food retailer Iceland, ha Show less Read more
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