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If the Iran conflict continues for any length of time, food manufacturers would face a pricing dilemma – raise or absorb.
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Since 2022, the Mr Kipling maker has also bought Merchant Gourmet, Fuel10K and The Spice Tailor.
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Jenkins was CEO of Hovis from October 2022 until September last year.
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Both companies said in separate statements that there is no guarantee any deal will be struck between the two food heavyweights.
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The growing use of GLP-1 drugs for weight loss is boosting demand for nutrient-dense foods, presenting opportunities for dairy.
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The Pillsbury maker’s shares dropped yesterday (18 March) as General Mills maintained guidance for weak sales, profits and EPS.
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The snacks giant has swooped for a business centred on protein bars.
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Bain Capital-backed Valeo said Prestige marks its eighth acquisition since 2022.
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