AUS: Spring Gully Foods out of administration
Spring Gully thanked consumers for support
Australian condiments firm Spring Gully Foods has left administration after creditors backed a rescue plan.
However, consumer support boosted sales and the company secured a new contract with Coles and reportedly won extra orders back from Woolworths.
Under the deal with creditors, Spring Gully will pay them in full over two years.
"We are very excited to announce that at our creditors have passed the proposal we put forward – therefore Spring Gully Foods is now back in the hands of the families which began the company over 60 years ago," Spring Gully posted on its Facebook page.
"A huge part of us getting to this point has been a result of all the support we have received – So on behalf of the families and staff at Spring Gully Foods - thank you."
Since its relatively recent arrival in Spain market, Aldi has maintained its focus on a strong expansion strategy. The only year in which the company slowed down its programme of new outlet openings w...
As the low-price leader in grocery retailing, discount grocery retailer Aldi takes a “less is more” approach. The company keeps costs down by carrying a limited assortment of grocery items, building s...
Aldi is to step up the rate at which it open stores in the US....
Grocery retailers grew by 3% in current value terms over 2012, to generate revenues of A$111.6 billion. Growth in 2012 was similar to the review period performance which saw a CAGR of 5% in current va...
Aldi Stores Supermarkets Pty Ltd was very aggressive over the review period in marketing itself as the smarter choice for consumers, claiming it offers the best value compared to Coles and Woolworths ...
- General Mills US "priority" categories gain share
- The just-food interview: Doux CEO Arnaud Marion
- Focus: Danone CEO Faber puts stamp on business
- Interview part 2: BRF CFO Augusto Ribeiro
- Cleaning up Tesco will have mixed supplier impact
- General Mills outlines "aggressive" NPD drive
- Coles supplier payments broke competition law
- Kraft to reappraise business, says new CEO Cahill
- General Mills earnings drop one-third
- PepsiCo opens snacks plant in Saudi Arabia