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The privately owned group pointed to rising costs and muted consumer spending.
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The Swiss group, home to brands including Deliciously Ella and Organix, has snapped up a UK brand centred on gut health.
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Paul Schiefer said: “My job now is to protect what makes Amy's special.”
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The French dairy giant believes its Siggi’s skyr recipes can help the brand carve out a position in an increasingly competitive product area.
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The Belgian group had pledged in December to sell two factories to get the deal approved but a buyer has not materialised.
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The maker of products sold under the Quest and Atkins brands also announced immediate changes to its executive leadership team.
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Around 110 employees at the Minden plant have been informed and would be affected if the proposal goes ahead.
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CEO George Weston said ABF’s food assets “position us well for long-term structural growth trends that we see in food demand”.
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