For several months now, there have been no bottles of quick-acting (so-called one-day) juices from Marwit in the refrigerators of grocery stores. How is it that a company that at its peak had a 70% stake in this market expired today?
The website pomorska.pl recalls that the Marwit brand was founded in 1993 and began with the delivery of only 600 bottles of juice per day in Toruń. Over time, the company expanded and consistently expanded its customer base, so that over time it fell far behind any competitors. The streak of good luck was interrupted in 2021, when production began to wind down. Since 2022, not a single bottle has left the factory. “Due to the withdrawal of a potential investor from negotiations, the debtor company lost the prospect of restoring production and, consequently, continuing its economic activity,” writes pomorska.pl.
Marvit disappeared from stores
In July 2021, the District Court in Toruń declared the bankruptcy of Marwit sp.z oo, and in December 2021 Marwit Foods sp.z oo, and appointed legal adviser Sylvester Zenka from the law firm Zięciak & Associates in Toruń as an insolvency representative.
Today, Marwit is almost PLN 97 million in debt, while Marwit Foods is PLN 86 million.
Marwit is up for sale, and apparently there is no shortage of buyers. “Interest in acquiring Marwit plants is high, we have been contacted by about 10 potential investors, including one from abroad,” says Justyna Kubiak, office manager of Zięciak&Współpracownikow, quoted by spozywczy.pl.
He deals with eggs. The price is slowly but steadily rising
On the topic of waste products, the price of which is a concern, it is worth mentioning eggs. According to the quotations of the Ministry of Agriculture, in January of this year, producers sold eggs of classes M and L at an average of PLN 0.70-0.80 per egg. in 12 months the price increased by 80%. comparing with the previous year. In turn, prices in the European Union rose slightly less, by an average of 72 percent. annually.
Retail prices for eggs are characterized by lower growth dynamics. In December 2022, according to the Central Statistical Office, the average price of eggs in cages in stores was PLN 0.96/kg, i.e. 32% more than in the previous year. more than last year.
Egg prices are rising not only in Poland. It’s expensive throughout the European Union
Experts list a whole list of reasons that have a huge impact on egg prices. The long list includes: the war in Ukraine, the blockade of Ukrainian ports, bird flu, fewer laying hens, rising production costs and increased consumer demand for eggs.
- Prices for table eggs are growing not only in our country. This is what happens throughout the EU. writes Magdalena Kowalewska, Senior Analyst at Bank BNP Paribas in a daily “Republic”. – Jaja is more expensive due to the increase in the cost of production, in particular feed and energy. In the production of eggs, consumption is about 60 percent. are fodder. Their prices are more than 30% higher year on year. higher he adds.
Source: Wprost
I am George Brown, author at Daily News Hack. I mostly cover economy news and I have been doing this for quite some time now. I have a lot of experience in this field and I’m always looking for new opportunities to learn more.
