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Scotbeef Rebuilds After Major Loss | Glasgow News

Scotbeef Rebuilds After Major Loss | Glasgow News

Published 3 days, 5 hours ago
Description

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.

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