Orkla Brands

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Orkla sells Russian confectionery business to Slavyanka

1 Dec 2014

Orkla has entered into an agreement to offload its Russian confectionery business to Slavyanka-Lyuks, a member of Russian confectionery group Slavyanka, for an undisclosed sum.

On the move: Orkla pledges to step up FMCG focus as CEO exits

4 May 2012

Seven months ago, Orkla CEO Bjørn Wiggen announced the Norwegian conglomerate would focus on the FMCG sector, earning praise from analysts in the process. This week, Orkla stunned the market with news that Wiggen had decided to resign. Eyebrows were raised further yesterday when it emerged the boss of Orkla's FMCG unit would also leave the business. Industry watchers believe the departures will not mean a change in direction but could suggest Orkla's owners were frustrated with the slow progress of the company's new strategy.

NORWAY: Orkla Brands CEO Nordberg to step down

3 May 2012

Norwegian conglomerate Orkla today (3 May) announced its second senior executive departure this week, with the exit of Torkild Nordberg, CEO of Orkla Brands.

NORWAY: Q4 weighs on Orkla profits

9 Feb 2012

Norwegian conglomerate Orkla today (9 February) booked "satisfactory" operating profit for fiscal 2011, as its consumer goods unit Orkla Brands maintained a "strong" position in "challenging" market conditions.

NORWAY: Orkla sells Bakers unit to NorgesGruppen

18 Nov 2011

Norwegian conglomerate Orkla has sold its Bakers unit to local retailer and wholesaler NorgesGruppen.

NORWAY: Nordic foods and ingredients hit Orkla FMCG profits

27 Oct 2011

Orkla, the Norwegian conglomerate, has seen third-quarter profits from its FMCG arm drop after earnings from its Nordic food and food ingredients operations fell.

NORWAY: Russia revamp, input costs hit Orkla FMCG profits

20 Jul 2011

Profits from Orkla's consumer goods arm fell more than 10% in the first half of the year, the Norway-based conglomerate said today (20 July).

NORWAY: Orkla profit rise, FMCG unit struggles

5 May 2011

Norwegian conglomerate Orkla has booked a 19% jump in first-quarter operating profit, despite a lacklustre performance from its FMCG unit Orkla Brands.

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