Blog: Dean BestIs Bakkavor back on track?

Dean Best | 1 April 2010

Bakkavor, the Iceland-based convenience food group, has had a turbulent 12 months, with many of its problems rooted in the Scandinavian country's financial turmoil.

However, after securing a refinancing deal with its lenders, the ready-meals maker is determined to look forward.

CFO Richard Howes told just-food yesterday (31 March) that Bakkavor's financial problems are behind the business and now the group wants to focus on operational matters.

After a wave of debt-financed acquisitions in the Noughties, a more measured tone is eminating from the company but, with the business operating in a hugely competitive sector, how will it fare over the next 12-18 months?

Next week, we will run a full interview with Bakkavor CFO Richard Howes and CEO Agust Gudmundsson to discuss the company's prospects. Keep your eyes peeled.


BLOG

Plenty of hot air as UK politicians grill Asda, Sainsbury's over merger

UK Parliamentary select committees at their best are meant to bring light rather than generate heat but this wasn't a select committee at its best....

BLOG

Asda and Sainsbury's - deal or no deal?

The proposed merger between Asda and Sainsbury's - two of the UK's 'big four' supermarkets - is, as expected, getting people hot under the collar....

BLOG

Carrefour, Google team up as France's online grocery shake-up continues

France's largest food retailers have made a number of moves in recent quarters to try to tap into the growth of the country's online grocery market - and this week another notable venture has been ann...



Forgot your password?