Nearly two months into the horsemeat scandal that has rocked the food industry, UK figures highlighting a sales slowdown in ready meals rais...
The executive changes at Kellogg and Premier Foods plc attracted scrutiny from analysts on Wall Street and in the City this week, France's c...
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Bakkavor, one of the UK's largest own-label food manufacturers, has had a tumultuous 12 months. The company even warned last year about the future of the business as a going concern after it missed a deadline to pay creditors. However, Bakkavor's management is keen to look forward and, speaking to Dean Best in this month's just-food interview, CEO Agust Gudmundsson and CFO Richard Howes maintain a quiet optimism about the company's future.
Five months ago, Chiquita Brands International announced plans to merge with fellow banana supplier Fyffes. The deal was set to close by the end of the year. However, this week, an unsolicited takeover bid came in for Chiquita, which promptly rejected the offer. However, the suitors have indicated they may not go away easily. Elsewhere, our coverage of Russia's food embargo continued, we looked in-depth at the opportunities for growth in Japan in our latest management briefing and, in a new M&A column, we suggested Raisio sell up to private equity.
UK own-label supplier Bakkavor said today (14 August) it was growing its market share and had "outperformed" the fresh prepared food market after reporting higher sales and profits.
UK-based own-label supplier Bakkavor is in the process of hiring banking advisers to sell stakes in the business owned by a number of investors.
Bakkavor has moved to lower its stake in non-core operations in Italy as it increases its focus on the core markets of the UK, US and Asia.
Bakkavor today (14 February) claimed it had "outperformed" the UK fresh food market in 2013, a year when sales rose, impairment charges weighed on operating profit and its bottom line was boosted by proceeds from disposals.
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