The Leicester-based family firm of 73 years said it has been hit by “prices going up, but demand going down”.
Investment will be used to scale marketing, innovation and supply chain.
J.M. Smucker opened the facility in November 2024.
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive...
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