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Finsbury Foods CEO John Duffy rejoiced as the firm posted a profit increase for the first six months of the yearQuote, unquote: just-food's week in words

31 March 2014

This week Cerebos Greggs announced the closure of its East Tamaki plant putting 125 jobs at risk. Job cuts were announced at Asda too as the company plans a restructure to cut costs. Ads and marketing campaigns were the centre of attention this week with Aldi getting its wrists slapped over the Swap and Save campaign and Sainsbury winning an appeal for a judicial review of Tesco's price promise. Here is the week in quotes

Focus: M&A remains core for acquisitive Flowers

25 March 2014

Flowers Foods, the second-largest bakery group in the US, has been an active consolidator in the industry and the group remains on the hunt. Flowers plans to drive continued growth while also expanding its geographic footprint, with a significant proportion of revenue gains to come from M&A. Katy Askew reports.

US: Flowers licenses Wonder, Home Pride to Aunt Millie's in Midwest

6 March 2014

Flowers Foods has inked a deal that provides Indiana-based baker Aunt Millie's Bakeries the license to produce and market Wonder and Home Pride breads in parts of the Midwest.

US: Flowers, Hershey partner for Mrs Freshley's NPD

4 March 2014

Flowers Foods has partnered with Hershey to offer two snack cake products under the US bakery group's Mrs Freshley's brand.

Editor's viewpoint: US consumer chill lingers

17 February 2014

Read the financial statements and listen to the conference calls from US food manufacturers in recent days and it is clear: companies operating there are still facing tough conditions and cautious consumers.

CANADA: Grupo Bimbo secures Canada Bread acquisition

12 February 2014

Mexican baker Grupo Bimbo has entered into an agreement to acquire Canada Bread, the bakery business majority-owned by Canadian food group Maple Leaf Foods.

US: Q4 profits, 2014 outlook hit Flowers Foods shares

6 February 2014

Shares in Flowers Foods slipped in early trading in the US today (6 February) after the US bakery giant's fourth-quarter earnings - and its guidance for 2014 - were under Wall Street forecasts.

CANADA: Bimbo, Flowers "bid for Canada Bread"

21 November 2013

Grupo Bimbo and Flowers Foods are said to be among early bidders for Canada Bread, the bakery business majority-owned by Canadian food group Maple Leaf Foods.

US: Flowers sales, earnings rise but share price hit

7 November 2013

Flowers Foods has booked an increase in sales and earnings during the first nine months of the year, but shares sank today (7 November) when the group failed to hit analyst forecasts.

US: Flowers to open former Hostess plant

10 October 2013

US baker Flowers Foods is to re-open a plant formerly owned by rival Hostess Brands, which was wound down earlier this year.

Quote, unquote: just-food's week in words

19 August 2013

A selection of quotes and insight from last week's news.

On the money: Flowers eyes new markets before bakery reopenings

14 August 2013

Flowers Foods will look at new markets for its enlarged portfolio of bread brands to boost volumes before it considers reopening the former Hostess Brands bakeries it acquired earlier this year.

US: Acquisitions boost Flowers Foods H1 earnings

13 August 2013

US baker Flowers Foods saw its earnings and sales climb in the first half, boosted by gains from recent acquisitions.

On the money: Flowers confident on cakes ahead of Hostess return

17 May 2013

US baker Flowers Foods has said it is "confident" its snack cake business will continue to thrive even as the new-look Hostess Brands returns to the market, with products including Twinkies.

US: Acquisition boosts Flowers Foods Q1

16 May 2013

US baker Flowers Foods recorded an increase in earnings in the first quarter driven by gains from a recent acquisition.

The week ahead - Wal-Mart Q1s, Post Holdings H1, ProTerra conference

13 May 2013

US breakfast cereal group Post Holdings kicks off a relatively quieter week of results with its half-year numbers on Monday. On Tuesday, meat giants Marfig and JBS will report on how it fared in the first three months of the year - as will Wal-Mart on Thursday. The week also includes an international conference in the Netherlands looking at the sustainable cultivation of soy.

US: Flowers Foods sales climb, "well-positioned" for growth

21 March 2013

US baker Flowers Foods said its sales are up year-to-date and that the company is "well-positioned" for accelerated growth in 2013.

US: Hostess disposals get green light

20 March 2013

Hostess Brands has received court approval to proceed with the sale of a swathe of brands, including Twinkies and Wonder Bread, in a series of deals worth around US$800m.

US: McKee Foods to buy Hostess cake brand Drake's

15 March 2013

Privately-owned US group McKee Foods looks set to be the latest buyer of assets from bakery giant Hostess Brands.

US: Metropoulos, Apollo acquire Hostess snack cake unit

12 March 2013

Private-equity firms Metropoulos & Co. and Apollo Global Management have acquired the snack cake business of Hostess Brands.

US: Silver Point, Hurst "interested" in Hostess snack cake unit

11 March 2013

Hostess Brands creditor Silver Point Capital and hedge fund Hurst Capital are understood to be interested in buying some of the US baker's snack cake brands, including Twinkies.

US: Hostess deal faces block by government objection

5 March 2013

The proposed sale of the majority of Hostess Brands' bread businesses to Flowers Foods subsidiary FBC Georgia is facing a block after an objection to the deal was filed by the US Government.

Editor's choice: the highlights on just-food last week

4 March 2013

The fall-out from the horsemeat contamination continued last week, with Tesco outlining plans to shake up its supply chain and source meat from the UK. Elsewhere, UK free-from firm Genius Foods bought out venture partner Finsbury Food Group and, in the US, more buyers were found for Hostess Brands' assets. Click on the headlines for more.

Quote, unquote: just-food's week in words

4 March 2013

UK retailer Tesco grabbed the headlines last week as the horsemeat saga rumbled on. CEO Philip Clarke announced a raft of changes to its supply chain, including a promise to source all fresh chicken from within the UK. Elsewhere, just-food spoke with Genius CEO Roz Cuschieri about its plans for the Finsbury free-from brand it is set to acquire, and the CEO of Hostess Brands announced the successful sales of the majority of its bread units to Flowers Foods.

US: Flowers wins Wonder, Bimbo snaps up Beefsteak in Hostess auction

1 March 2013

Flowers Foods won through in its bid to acquire the majority of Hostess Brands' bread units, including Wonder, but was outbid for the Beefsteak business by rival baker Grupo Bimbo.

US: Flowers closes Earthgrains, Sara Lee deal

27 February 2013

US baker Flowers Foods has purchased the royalty-free licenses to use the Sara Lee and Earthgrains brands in California from Groupo Bimbo.

US: Shiver takes CEO role at bakery giant Flowers Foods

18 February 2013

Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO.

On the money: Flowers sees gains from Hostess demise

8 February 2013

US baker Flowers Foods has expanded its market share in the wake of Hostess Brands' move to wind down its operations.

US: Flowers delays guidance on M&A outcome

7 February 2013

US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear.

US: Hostess names PE firms "stalking horse" for Twinkies

31 January 2013

A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand.







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