Scotbeef Rebuilds After Major Loss | Glasgow News

Scotbeef, Scotland’s major meat supplier, suffered a brutal blow after losing a key supermarket contract, slashing sales by over £220 million and halving its revenue. Forced to pivot, the company sold vital sites for £21 million, slashed its workforce from nearly 1,000 to 541, and shifted from profit to a £22 million operating loss. Now, Scotbeef has sold its core trading assets to Creative Foods Europe and is refocusing entirely on its agricultural and export operations — betting on these pillars to keep the business alive for at least the next year. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e76beab5cd86bb37