All Finance articles – Page 23
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NewsCrust & Crumb invests £5.8m in Fermanagh bakery
The pizza specialist, based in Fermanagh, will use the money to create an NPD kitchen, extend its packaging and production areas and enhance automation
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NewsManagement shake-up at Aryzta as CEO exits
Aryzta has appointed restructuring and transformation officers, as chair of the board, Urs Jordi, steps into the role of interim CEO after Kevin Toland left
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NewsCake Box profits dip but online sales soar
Store closures due to lockdown took their toll on Cake Box’s H1 figures, but it is confident of making progress in H2 as online sales rise
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NewsFinsbury Food Group sales ‘significantly’ recover
The business expects to deliver sales and profit growth in the current financial year, it said in a statement ahead of its AGM, assuming an effective Brexit deal can be reached
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NewsGreggs to cut 820 jobs as lockdown sales fall
CEO Roger Whiteside said that without mitigating action the business “will not be profitable”, noting some employees have accepted reduced contract hours to minimise the risk of further redundancies
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NewsPrivate equity firm acquires Addo Food Group
PAI Partners has simultaneously acquired chilled savoury pastry producer Addo Food Group and chilled food supplier Winterbotham Darby to create a chilled food platform
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NewsSweet Nothing Bakehouse launches Crowdfunder campaign
In return for pledges, Sweet Nothing Bakehouse is offering rewards including unlimited coffee, afternoon tea, treat boxes and Christmas gifts
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NewsRevenue up at Premier Foods’ Sweet Treats but profit falls
Profit in the Sweet Treats division, which includes Mr Kipling and Cadbury cakes, was impacted by incremental Covid-19 costs and additional marketing spend
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NewsHovis bought by private equity firm Endless
Endless, a UK-based mid-market private equity firm, has seen off competition from Italian company Newlat Food by securing a deal to buy the 134-year-old bakery brand for an undisclosed sum
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NewsRevenue falls at Allied Bakeries but profits improve
Revenues at Allied Bakeries, which is owned by ABF, have declined following the loss of its biggest own label contract but a significant cost reduction programme has seen profits improve
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NewsBross Bagels launches crowdfunding campaign
The money will go towards a new production site which will help the Edinburgh-based business keep up with demand, as well as help it grow wholesale and online trade
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NewsSchenck Process to acquire Baker Perkins
Schenck Process said the acquisition of the baking equipment supplier will significantly strengthen its European capabilities in the food processing and equipment sector
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NewsSocial enterprise Big River Bakery secures equipment funding
The Newcastle-based social enterprise used the funding to buy equipment for its new premises which combines a production facility, café, retail space and training hub
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NewsSixty staff at Jenkins Bakery in Wales face redundancy
Up to 20% of the bakery’s workforce could be made redundant as footfall and sales drop, but the firm said it welcomes suggestions from staff on how to avoid or reduce job losses
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NewsCake Box sales bounce back after reopening stores
Fresh cream cake specialist Cake Box said its confident the firm’s franchise store rollout programme will return to pre-Covid levels as its sales recover
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NewsFerrero acquires Fox’s Biscuits from 2 Sisters for £246m
A Ferrero-related company will acquire two manufacturing sites in Batley and Kirkham as part of the deal, which is expected to complete on 31 October 2020
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NewsAryzta board seeks ‘simplified model’ as it posts €18m loss
Covid-19 has ‘significantly’ impacted Aryzta’s full-year results, which saw revenue fall 13.4%, as the firm’s new executive board looks to a simplified model to reduce debt
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NewsCSM Bakery Solutions sells European ingredients business
CSM has reached an agreement with an investment subsidiary of Investindustrial, with the sale expected to be completed in early 2021
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NewsHovis receives takeover bid from Italian firm Newlat Food
The Italian company has made a non-binding offer for Hovis Holdings Ltd, which is currently owned by Premier Foods and The Gores Group
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NewsGreencore sales slump but food-to-go is improving
Greencore’s revenue has fallen 14% for the year ending 25 September 2020 but its food-to-go performance was improving in Q4
