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USA: Second round of bidding for Bestfoods Bakery business likely

13 Feb 2001

A second round of bidding for the auction of Unilever 's Bestfoods baking business may be likely as companies struggled to reach yesterday's deadline for bids. Sara Lee and Earthgrains are expected to be amongst bidders, but sources close to the auction revealed that other interested partners like

NETHERLANDS/USA: Bids for Bestfoods bakery business expected today

12 Feb 2001

Unilever is expecting to receive at least three bids of US$1.4bn-US$1.6bn today for the US bakery business it acquired in last year's US$21.3bn takeover of Bestfoods . Unilever will review the offers on Tuesday, and choose a preferred bidder later this week

USA: The Earthgrains Company reports third-quarter results

23 Jan 2001

The Earthgrains Company (NYSE: EGR), the second-largest producer of packaged bread and bakery products in the United States, today reported a strike-impacted loss of $0.01 per diluted share for the third quarter, excluding unusual charges for restructuring and accounts receivable. The results compare with year-ago third-quarter earnings of $0.48 per diluted share, excluding a one-time restructuring charge.

MEXICO/CHILE: Bimbo in brand name dispute

5 Dec 2000

Leading Mexican bread maker, Grupo Industrial Bimbo , arrived in Chile in 1994, and since then has been battling a brand name conflict. The Bimbo brand name which the Mexican corporation has used since 1945, was registered in Chile by the Carozzi company in 1959. It now appears that it will be difficult for the Bimbo group to resolve the issue in court, so a negotiated settlement between the two companies is expected. To date, the dispute has not hampered the Mexican group's expansion in Chile. Sales there are expected to rise 8% this year and the construction of a second production facility is in the preliminary planning stage.

USA: Earthgrains Company discusses performance goals and growth targets

16 Nov 2000

The Earthgrains Company (NYSE: EGR) was discussing yesterday its fiscal year 2001 and fiscal year 2002 financial and performance goals.Earthgrains Chairman and CEO Barry H. Beracha is scheduled to make a presentation at 1:30 p.m. EST today to investors and securities analysts at the UBS Warburg Food, Beverage and Household Products Conference in New York.

USA: The Earthgrains Company reports second-quarter results

4 Oct 2000

The Earthgrains Company (NYSE: EGR), the second-largest producer of packaged bread and bakery products in the United States, today reported strike-impacted net earnings of $0.21 per diluted share for the second quarter, compared with $0.37 for the year-ago period.Net income was $8.9 million for the quarter ended Sept.

USA: Earthgrains automates data analysis with Kenosia's dataAlchemy

3 Oct 2000

Kenosia Corporation today announced that dataAlchemy (tm), Kenosia's flagship marketing intelligence software, has been selected by Earthgrains Company (NYSE: EGR) to automate its Category Management analysis and presentation. Earthgrains is the nation's second-largest fresh packaged bread and baked goods producer, serving half the U.S. population. With net sales worldwide of more than $2 billion annually, fast and accurate analysis of retail data is critically important to Earthgrains for managing and building their brands. Earthgrains will utilize dataAlchemy to improve communication with its sales force and retail partners. "dataAlchemy allows us to use information from all of our data sources, not just one," explains Louis Hullett, Director of Category Management, Earthgrains. "By enhancing our ability to make better use of our syndicated data as well as our own data warehouses, we are able get a much better return on our information investment." dataAlchemy, an easy-to-use, out-of-the-box software tool, transforms retail data from multiple data sources into a dynamic data analysis presentation at least 300% faster than traditional methodologies. Utilized by leading CPG companies for Category Management, dataAlchemy increases retailer efficiency and manufacturer sales. dataAlchemy works with the leading syndicated data formats from ACNielsen and IRI, enabling users to seamlessly transform the latest data from multiple data sources into concise and persuasive sales presentations. "With the broad range of their product offerings and size of their organization, Earthgrains faces an ever-increasing demand for quality analysis and field-ready presentations. dataAlchemy is their solution," says Kevin Blackwell, president of Kenosia. "With it's ability to manage large quantities of data and connect directly to their data warehouses, Earthgrains can now automate its data analysis process and distribute the results through email or the Internet."

Who Will Give in First? Costs Rise as Earthgrains Dispute Rumbles on

18 Sep 2000

A strike against the Earthgrains Company, the second-largest US wholesale baker, by Alabama members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union (BCTGM) has moved into its fourth week. Pressure is increasing on both management and workers to settle the dispute, which has spread to disrupt baking or deliveries at 26 of the company's 66 US plants (of which 58 are unionised). Earthgrains' plants in France, Portugal and Spain have not been affected. Although most of the plants have continued to operate with managers and temporary workers, food industry analysts are speculating the company has begun to accumulate added costs of overtime, temporary workers, travel and expenses for relocated employees, security guards, legal counsel and for extra shipping costs to buy products from outside suppliers. It also faces lost sales to competitors. Although first-hand information is lacking, the analysts also speculate the striking workers will be under increasing financial pressure to consider returning to work. Relatively low-paid bakery workers may find it difficult to live without paycheques for an extended period, said another analyst who believes the strike will hurt workers more than the company.

USA: Global food workers demand Earthgrains bargain in good faith; BCTGM strike has international implication

18 Sep 2000

The whole world is watching the continuing struggle for justice and the daily bread at The Earthgrains Company. Representatives of world food workers and Portugal's food union have made clear that they stand in solidarity with striking Earthgrains workers in the U.S. In separate letters written this week to Earthgrains CEO Barry Beracha, the top officers of the International Union of Food Workers (IUF) and the Portuguese Food, Agricultural and Forestry Workers expressed their "deep concern" for the way Earthgrains has treated its workers here.

USA: Bimbo Bakeries USA Awards EDS IT Outsourcing Contract

31 Jul 2000

EDS (NYSE: EDS - news) announced today Bimbo Bakeries USA, the U.S. subsidiary of Mexico's Grupo Bimbo, S.A, has awarded EDS an information technology outsourcing contract under which EDS will provide services including infrastructure, network and desktop operations management and Enterprise Resource Planning operations support.

USA: Interstate Bakeries Corporation Makes Announcement

24 Jul 2000

Interstate Bakeries Corporation (NYSE:IBC - news), in response to market rumors that it has reached agreement to be acquired by Grupo Bimbo S.A. de C.V., IBC today announced that such rumors are false. "We are approached from time to time by parties seeking information about IBC, and stating they might have an interest in a business combination," said Charles Sullivan, Chairman of the Board of IBC, "but those approaches have always proved to be without merit." Interstate Bakeries Corporation is the nation's largest wholesale baking company with 66 bread and cake bakeries located in strategic markets from coast-to-coast. The Company is headquartered in Kansas City, Missouri.

USA: The Earthgrains Company Increases Quarterly Dividend by 20 Percent

17 Jul 2000

The Earthgrains Company (NYSE: EGR - news) announced today at its annual meeting of shareholders that it is raising its quarterly cash dividend by 20 percent to 6 cents per share.The Earthgrains Board of Directors declared a quarterly cash dividend payable Aug. 31, 2000, to shareholders of record as of Aug.

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