Kerry Group is reportedly mulling the sale of its frozen food business. The company has seen strong sales and profit momentum at its ingredi...
Nearly two months into the horsemeat scandal that has rocked the food industry, UK figures highlighting a sales slowdown in ready meals rais...
Hain Celestial, the US food maker, is hoping its acquisition of UK chilled foods firm Daniels Group will galvanise its existing business on this side of the Atlantic. The company sees the deal benefiting its operations in Europe and in the US but it is in the UK where it is most likely to be hoping for the greatest impact. Dean Best reports.
It's been quite a year for own-label supplier Greencore. A plan to merge with UK rival Northern Foods was gazumped by poultry magnate Ranjit Boparan. Greencore then licked its wounds and acquired UK desserts and sandwich maker Uniq. Now, however, the company is the subject of a takeover approach. Dean Best reports.
The executive changes at Kellogg and Premier Foods plc attracted scrutiny from analysts on Wall Street and in the City this week, France's competition watchdog threatened the country's food retailers with legislation to free up the sector - and X5 Retail Group, Russia's largest retailer, was pleased with its acquisition of discount chain Kopeyka. Here is the best of who said what this week.
Sustainability is a buzzword including in many a corporate brochure and its ubiquity can attract cynicism about a company's policies to mitigate their impact on the environment. However, food makers and retailers are building the issue into how they interact.
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.
Annual profits at own-label supplier Bakkavor have jumped on the back of lower charges for the year and higher international sales.
Bakkavor's chairman and CEO, brothers Lýdur and Ágúst Gudmundsson, have teamed up with US hedge fund The Baupost Group to take control of the UK-based own-label supplier.
Godiva and McVitie's owner Yildiz Holdings has decided to bring its snacks brands under one unit in a bid to drive growth internationally. Unilever's CEO, Paul Polman, sounded a note of caution about trading conditions in 2016. And sugar was once again in the headlines, driving policy agendas in Europe.
Bakkavor has put forward plans to cut the workforce and make changes to shift patterns at sites in London.
Bakkavor, the UK-based private-label supplier, has reported higher nine-month sales and profits despite flat underlying revenue.
Bakkavor, the UK-based own-label supplier, is adding jobs at a desserts facility in its domestic market.
This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.
Bakkavor Group has sold the remaining 60% stake it held in Italian pizza business Italpizza to Dreamfood.
Hormel Foods' latest move to inject more growth into its business - a move for US organic meats firm Applegate Farms - grabbed the headlines this week. In Europe, France's Groupe Bel struck a deal in Africa and is to take a majority stake in Moroccan dairy Safilait.
The sale of a stake in UK convenience group Bakkavor has attracted interest from "a number" of suitors – not just PAI Partners and Pamplona Capital – sources close to the sale process revealed today (25 May).
Private-equity groups PAI Partners and Pamplona Capital are reportedly eyeing a stake in ready meals maker Bakkavor.
This week's result round-up includes a positive start to the year for UK own-label group Bakkavor, better sales but pressure on profits for Canada's Weston Foods and a slide in revenue at French poultry group Duc.
Bakkavor said yesterday it booked GBP1.1m of exceptional charges during the first quarter of the year, after confirming it had decided to close its Yorkshire Fresh Fruit site in Selby, North Yorkshire.
Bakkavor is to sell the rest of its shares in Italy-based frozen pizza business Italpizza.
Bakkavor has announced plans to close a fresh fruit site in the UK after it lost a contract to supply a "major customer".
UK-based own-label supplier Bakkavor saw profits increase in 2014 as sales were boosted by new contracts in its domestic market.
UK-based private-label group Bakkavor has snapped up US fresh prepared food supplier B. Robert's Foods.
UK own-label fresh food group Bakkavor has reported higher profits for the first nine months of the year, with the company's share gains continuing in the third quarter.
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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