Finsbury Food Group
As the pressures of weak consumer spending continues and major UK retailers embark on a promotional war to win shoppers, the lowly loaf of b...
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Finsbury Food Group CEO John Duffy today (10 October) described the company's move to buy fellow UK bakery company Fletchers Group as "transformational", telling just-food the deal will help his business grow in a number of ways.
Earlier this year UK baker Finsbury Food Group offloaded its gluten-free bread business to venture partner Genius Foods. However, Finsbury, which makes cakes for brands under licence and for UK retailers, still sees potential in bread and today announced plans to significantly increase capacity. Michelle Russell spoke to CEO John Duffy.
Finsbury Food Group said today (26 November) a "strong" performance from its domestic cake business had boosted sales, offsetting falling revenues outside the UK.
just-food reported direct from the annual IGD industry convention in London this week, with a leading light in the grocery retail sector ruffling a few feathers with comments about manufacturers and retailers. Elsewhere, China's Bright Food made its latest deal in Europe, with the acquisition of Filippo Berio olive oil owner Salov and we interviewed the CEO of Finsbury Food Group after the UK baker announced a move for local peer Fletchers Group.
Finsbury Food Group has struck a deal to buy fellow UK bakery company Fletchers Group from private-equity firm Vision Capital for GBP56m.
UK cake maker Finsbury Food Group has booked a slight increase in annual profits despite posting lower sales.
Finsbury Food Group expects to beat City expectations for annual profits thanks to an improvement in sales in the second half of the year and the impact of cost cuts.
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