Waitrose to bail out Duchy Originals
Duchy Originals, Prince Charles‘ struggling food company, is expected to announce a rescue deal led by the supermarket group Waitrose, according to reports. The organic food and farming company has seen profits slump from £1.53 million to £57,400 in a year as sales of its luxury food products have been hit by the recession. The Prince set up Duchy Originals in 1990 and named it after the Duchy of Cornwall estates, which are held in trust by the Prince of Wales.
- Waitrose rescues Duchy Originals (guardian.co.uk)
- Waitrose seals royal deal with Duchy Originals (telegraph.co.uk)