Our comment pages in 2011 looked at Tesco's challenges in the US, the uncertainty that surrounded the country's largest dairy processor, Dean Foods, the disposals made by the UK's largest food manufacturer, Premier Foods plc,...
So, what now lies ahead for Greencore, the Ireland-based convenience food group?
Premier Foods plc's decision to sell its meat-free business was seen as a move to reduce a debt pile at the UK's largest food group that, last summer, reached over GBP1.3bn. The unit, renamed Quorn Foods, is now in the hands of Exponent Private Equity. Dean Best spoke to Kevin Brennan, the former Kellogg executive that Premier appointed to run its meat-free operations, and who is now CEO of the new firm.
Premier Foods plc has completed the sale of its meat-free unit to Exponent Private Equity, which has created Quorn Foods, a company with the aim of developing the world's "leading meat-alternative business".
The news this morning (24 January) that Premier Foods plc has sold its meat-free business, ends months of speculation over the future of the business, which includes the Quorn and Cauldron brands.
Premier Foods plc, the UK's largest food maker, has sold its meat-free business to Exponent Private Equity for GBP205m (US$328m). The move, announced this morning (24 January), follows months of…
UK food group Premier Foods plc has refused to be drawn on a report that claims it is in talks to sell its meat-free brand Quorn to Nestle. According to…
Hain Celestial is set to start a marketing campaign for its Linda McCartney vegetarian range in the UK, a push that includes the brand's return to the country's TV screens.…
Premier Foods boss Robert Schofield believes the UK food group is on-track, despite its recent travails. This week, however, when Premier published its first-half figures, the market signalled its concern by…
Concerns over Premier Foods’ level of debt have caused the group’s share price to drop 7.74% in morning trade after the UK food manufacturer posted first-half profits in line with…
With a steady trading update this week, Premier Foods may believe it has stopped the rot at the UK's largest food maker. However, a series of questions still hang over…
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