Blog: Is Bakkavor back on track?
Dean Best | 1 April 2010
Bakkavor, the Iceland-based convenience food group, has had a turbulent 12 months, with many of its problems rooted in the Scandinavian country's financial turmoil.
However, after securing a refinancing deal with its lenders, the ready-meals maker is determined to look forward.
CFO Richard Howes told just-food yesterday (31 March) that Bakkavor's financial problems are behind the business and now the group wants to focus on operational matters.
After a wave of debt-financed acquisitions in the Noughties, a more measured tone is eminating from the company but, with the business operating in a hugely competitive sector, how will it fare over the next 12-18 months?
Next week, we will run a full interview with Bakkavor CFO Richard Howes and CEO Agust Gudmundsson to discuss the company's prospects. Keep your eyes peeled.
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
The Obama administration appears to have conceded the landmark Trans-Pacific Partnership (TPP) trade deal will not be pushed through in the lame-duck session of Congress before Donald Trump is inaugur...
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- What Premier CEO Gavin Darby thinks about Brexit
- How Tyson's new CEO plans to grow the meat group
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti