Lees Foods

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Dean Best | 30 Jun 2014

Scotland-based cake makers Lees Foods and Thomas Tunnock have won a legal battle over the tax status of their Snowballs snacks.


Dean Best | 27 Sep 2013

UK baker Lees Foods has said its operating profit increased by over a quarter in 2012, a year in which it was taken private.


Dean Best | 26 Jun 2012

A court has cleared the proposed management buy-out of UK snack maker Lees Foods.


Michelle Russell | 14 May 2012

Sainsbury's chief executive Justin King this week welcomed moves from its UK retail rivals to invest in product quality and service after the retailer reported an increase in annual underlying profits.


Michelle Russell | 14 May 2012

Dubbed 'The Outperformer' by one set of City analysts, Sainsbury's announced annual profits that beat forecasts last week and the UK retailer remains confident in the face of increased competition. The UK grocery industry was in the spotlight last week, with the country's Government formally announcing its introduce a watchdog to monitor the sector. Elsewhere, CSM, a supplier of bakery products to retailers in North America and Europe, said it would exit the sector and focus on bioplastics.


Katy Askew | 10 May 2012

Shareholders in Lees Foods have hit out at the management buyout for the UK firm, insisting the company's directors "have a battle on their hands" if they are to push through the bid.


Katy Askew | 10 May 2012

A group of minority shareholders in Lees Foods have reportedly approached the UK's Takeover Panel as its attempt to block a proposed GBP5.6m (US$8.9m) management-buyout continues apace.


Michelle Russell | 8 May 2012

Scottish cake maker Lees Foods has reported a growth in full-year profits as higher sales offset increased costs.


Michelle Russell | 1 May 2012

Scottish cake maker Lees Foods has declined to comment on the launch of an online campaign by a number of its private investors attempting to stop a management buy-out of the company.


Dean Best | 16 Apr 2012

After a relaxing Easter break, news of another piece of M&A in the UK food sector emerged with a potential management buy-out at cake maker Lees Foods. Later in the week, another UK manufacturer, Adelie Food Holdings, made the headlines with news of its sale to an Indian buyer. Embattled retailers Carrefour and US grocer Supervalu Inc providing trading updates to the market. And, our pages carried an exclusive interview with the chairman and CEO of Spanish food manufacturer Ebro Foods. Click on the headlines for more.


Katy Askew | 10 Apr 2012

The directors of Lees Foods have launched a GBP5.6m (US$8.9m) takeover bid for the Scottish cake maker.

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