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.
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