Emerging market majors snap up Western businesses Archives - Just Food
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Emerging market majors snap up Western businesses

In the spotlight: Hard work ahead for new Weetabix owner Bright Food

In the spotlight: Hard work ahead for new Weetabix owner Bright Food

Ambitious Bright Food, the Chinese state-backed food group, missed out on previous Western targets like United Biscuits and Yoplait but it has planted a flag in Europe with the acquisition of a majority stake in UK cereal manufacturer Weetabix. The deal could give Bright Food some Western expertise to apply to its domestic business but, as Dean Best reports, its faces a challenge in building the brand in China, where it remains early days for breakfast cereal.