Little Moons announces significant operational changes after recent expansions.
- The company is closing its newly opened Kettering factory.
- Little Moons plans to shift production back to London facilities.
- Potential job losses are expected as a result of these changes.
- The brand remains optimistic about future growth despite setbacks.
Little Moons, known for its mochi ice cream, is making headlines with its recent decision to recalibrate its business strategy. The company announced plans to shut down its newly established 50,000 square foot factory in Kettering, mere months after its opening. This move marks a significant shift, as the factory was initially celebrated as a major milestone for Little Moons, succeeding their closed London sites.
The decision stems from a strategic review intended to enhance operational efficiency. The company aims to consolidate its manufacturing back in the two original locations in London: Park Royal and Wembley. This transition reflects Little Moons’ focus on ensuring a stable and profitable future.
A company representative stated, “Little Moons led a robust assessment of its business to ensure operational efficiency that will facilitate a stable and profitable future.” This assessment has resulted in structural changes that include the closure of the Kettering site and potential job cuts.
The news comes after Little Moons experienced a remarkable surge in annual turnover, growing from £25.5 million to £68.5 million within eighteen months ending December 2022. This growth was fueled by strong performances in markets including the UK, France, Germany, and Australia. Despite impressive sales figures, the brand has decided to re-evaluate its operational methods.
In response to the potential job losses, Little Moons is actively engaging with affected employees, seeking to minimize redundancies by allowing workers to explore new roles or not filling vacant positions. Despite the challenges, a spokesperson expressed optimism, citing these changes as essential for realizing future successes.
Earlier this year, Joanna Allen, formerly CEO of the snack brand Graze, took over as chief executive at Little Moons. Her appointment was deemed crucial in navigating these pivotal changes, reinforcing the brand’s ongoing commitment to its growth trajectory.
Little Moons stands at a crossroads, balancing between operational changes and future growth opportunities.
