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October 10, 2019

Grupo Bimbo executes deal for UK private-label bakery Mr Bagels

The UK unit of Mexico-based Grupo Bimbo, the world's largest bakery business, has acquired a local private-label manufacturer.

By Dean Best

The UK unit of Mexico-based Grupo Bimbo, the world’s largest bakery business, has acquired private-label manufacturer Mr Bagels.

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The deal has only now been unveiled by Gateley, the advisory firm for the transaction which is headquartered in the city of Birmingham, central England, but was conducted back in August. Financial details were not disclosed.

A statement from Gateley revealed the purchase of Mr Bagels, located in Welwyn, Hertfordshire, north of London, is part of the parent company’s plans to expand in Europe. It already owns the New York Bakery Co, a UK business started by New Yorker Broney Gadman.

Mr Bagels supplies private-label customers across “pan-European businesses” and employs 60 people, although the investment is expected to create further jobs. It is also present in foodservice channels.

Cliff Irwin, the managing director for Grupo Bimbo UK, said: “The sector is doing well and consumer demand for bagels continues to rise, particularly in Europe. Our intention is to further invest in the Mr Bagels site to increase its capacity and product range as the UK and European bagel markets continue to grow.”  

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Free Whitepaper
img

What is the impact of historically high inflation on the UK consumer landscape?

The average UK consumer is experiencing a severe cost-of living crisis as inflation surges to a forty-year high and the price of goods continues to rise. This shock is the result of the sharply increasing costs of commodities, energy, and the ongoing conflict in Ukraine, and is threatening FMCG manufacturers, retailers, and foodservice operators’ ability to survive and grow. Inflation will have a profound effect on many consumer-facing industries in 2022 and beyond. Consult GlobalData’s new whitepaper, Inflation in the UK: The Impact of Historically High Inflation on the UK Consumer Landscape, to better understand shifts in consumer behavior and their impact on spending patterns, as well as the implications for UK businesses. This whitepaper covers:  
  • Why has global inflation returned with a vengeance?
  • What is the current inflation situation in the UK?
  • What impact is inflation having on UK retail sales?
  • What tactics are businesses relying on to tackle the effects of high inflation?
  • How are consumers changing their behaviors to cope with the higher cost of living?
  • Which industry sectors are most vulnerable to reduced consumer demand?
  • How is the government responding to high inflation?
  • How long will high inflation last in the UK?
  • How can your company survive and thrive in a high inflation environment?
Enter your details here to receive your free whitepaper and ready your business for these increasingly uncertain times.
by GD50 Custom
Enter your details here to receive your free Whitepaper.

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