Shares in US bakery group Flowers Foods sank yesterday after it cut its earnings forecast for 2014 - but the company immediately sought to s...
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....
Read the financial statements and listen to the conference calls from US food manufacturers in recent days and it is clear: companies operat...
Flowers Foods will look at new markets for its enlarged portfolio of bread brands to boost volumes before it considers reopening the former...
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.
This week, Chiquita Brands International was in the limelight as it received an unsolicited takeover bid from Brazilian juice maker Cutrale Group. Elsewhere, ConAgra Foods announced the closure of two popcorn factories in Ohio, and Campbell Soup Co.'s Plum Baby business announced its exit from the UK. just-food's management briefing series took a trip to Japan to see how food companies can succeed in a low-growth market.
Shares in Flowers Foods tumbled today (12 August) after the US bakery group cuts its forecasts for annual sales and earnings.
US baked goods firm Flowers Foods has promoted Bradley Alexander as chief operating officer.
US bakery group Flowers Foods has reported lower first-quarter profits as costs linked to its acquisition of assets from the former Hostess Brands weighed on its bottom line.
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