Duchy profits up a third

Profits at Duchy Originals rose by a third in 2012 to £3.23 million, reports Retail Gazette.

In 2009 the organic brand passed into Waitrose fold in 2009 after running into financial difficulties. Under the arrangement Waitrose agreed to pay Prince of Wales’s Charitable Foundation and the Countryside Fund a £1 million. This year the charity will receive £2.9 million.

Commenting on the latest results, Waitrose’s managing director, Mark Price, said: “These figures reflect an extremely successful year for Duchy Originals from Waitrose, meaning that we have significantly exceeded our original £1 million commitment.”