Hostess Brands shares soar on report of takeover interest
Shares in Hostess leapt more than 25% after a report the Twinkies maker had hired advisers to weigh up interest from potential suitors.
28 August 2023
28 August 2023
Shares in Hostess leapt more than 25% after a report the Twinkies maker had hired advisers to weigh up interest from potential suitors.
Previously, the Ukrainian product line was marketed under the Prostokvashino brand, which stems from Soviet-era cartoon series.
President and CEO Wendy Davidson said Hain Celestial would look at its “price-pack architecture”.
“The process has not delivered to expectations,” the New Zealand business announced.
Sinagpore agri giant Agrocorp is investing in plant-based foods, including in the launch of downstream, consumer-facing products.
The supermarket has also cut infant formula prices by “over 20%”.
The deal includes Hero's gluten-free crisp bread factory in Korsnäs, Sweden.
Denver-headquartered Alphia has six manufacturing facilities across the US.
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The consumer goods, foodservice, and packaging sectors are undergoing digital transformation, accelerated by the COVID-19 pandemic and changing consumer preferences. Data science and ML are strong investments across all areas. For the most part, these sectors will not play a significant role in creating and developing AI hardware or platforms, but will instead help scale up the adoption of AI technologies, such as CV, conversational platforms, and smart robots.
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