All Latest News articles – Page 525
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News
Starbucks reveals growth strategy
Starbucks chairman, CEO and president Howard Schultz unveiled a raft of plans to support the coffee chain’s growth, at its latest annual general meeting. Schultz outlined the firm’s strategy for long-term growth and said he expected a record free cash flow of $500m in 2009, achieved through "structural expense reduction". ...
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In Short
== Spanish firm invests == Spanish manufacturer Europasty has invested E18m (£16.6m) to increase its production capacity for doughnuts. The firm, which specialises in par-baked bread and frozen pastries, has installed a new production plant and freezing warehouse, giving it a total capacity of 300 million units per ...
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Patisserie UK folds after losing Costa contract
Lees Foods’ Patisserie UK subsidiary has been placed into administration after attempts to sell it as a going concern proved unsuccessful. Patisserie UK, a bespoke manufacturer of coffee shop round cakes, loaf and tray cakes, desserts and biscuits, suffered due to the loss of a major customer - Costa Coffee - last year. When Lees Foods acquired the business in 2007, Costa represented 75% of Patisserie UK’s sales, but according to the company, within three weeks of the acquisition Costa announced it was to source a quarter of this business elsewhere.
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Competition entry venue change
There has been a change of venue for the entries from the London and South East Region leg of the California Raisin Bread Competition 2009.Entries need to be taken to the National Association of Master Bakers’ head office in Ware, Hertfordshire – and not BAKO London as stated on the flyers sent out. If entrants are unable to deliver their products to the Ware office on the 19 March deadline, please contact Anthony Kindred on 0207 642 0799.
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Ready salted is no longer top crisp
Ready salted crisps are no longer the nation’s favourite flavour, as cheese & onion has now taken the top spot. The market for cheese & onion crisps is worth £256m, according to Mintel research, with sales having increased an impressive 15% in the last two years. Valued at £244m in 2006, ready salted crisps have slipped into second place, despite an increase in sales of 5% over the same two-year period.
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Win your way to Las Vegas with California Raisins
California Raisins has launched a new competition – the California Raisin Bread Competition – whereby craft bakers can win a trip to Las Vegas for producing the best-looking and tasting raisin bread. First prize is a trip to IBIE – a comprehensive baking expo in Las Vegas, held in 2010, combined with a study trip to California. You will also receive PR for the product and your business. Second and third place will both receive free PR and advertising for the company and winning product.
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Kerrs to open new £1m bakery
Kerrs Bakery is celebrating its 10th anniversary by opening a new £1m factory in Motherwell, with annual turnover predic- ted to reach more than £2m this year. The new factory is three times the size of the old one and Kerrs expect to hire an additional 13 staff, to ...
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Baker & Spice finds buyer
Boutique-style retailer Baker & Spice has found a buyer soon after entering administration. Spice Bakery, a new firm set up to acquire the assets of Baker & Spice, has purchased the business and "certain assets" as a going concern.Baker & Spice, founded by Gail Stephens, who also founded The Bread ...
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Bagel giant sees profits drop
Canada Bread’s frozen bakery division has seen profits fall almost 50% despite an overall increase in sales for the year. Its frozen bakery division, made up of its North American and UK frozen bakery businesses, including Maple Leaf Bakery UK, which owns the New York Bakery Co brand, saw adjusted operating earnings fall 48.6% to $21.1m, from $41.1m in 2007. The company said these figures reflected the significant impact of higher commodity prices and production costs in 2008.
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Naked Baker moves into second outlet
The Naked Baker has officially opened its second shop and café in Hedge End, Southampton, as part of a wider expansion plan, which has seen the firm relocate its bakery production site.The bakery, previously based in Botley Mills, has relocated production to a larger premises in Shamblehurst Lane, Hedge End, ...
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SAMB moves bakery training south of border
The Scottish Association of Master Bakers (SAMB) is set to offer bakery training in England for the first time, after securing financial backing from government to roll out its training programme.The SAMB received the green light from the Learning and Skills Council (LSC) in north-east England, which provided £200,000 ...
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BSB golf day returns to Belfry course
The British Society of Baking’s (BSB) annual golf day will be held at the world-famous Belfry on Tuesday 28 April, teeing off at 1.30pm in a shotgun start. As last year, it will be played over the Brabazon course.The day costs £125 per person and includes coffee and bacon rolls ...
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Service may boost spend
Findings by consultancy him! have shown that, despite the fact customers who spend 15 minutes in coffee shops spend £4.78 on average, those who spend over an hour only spend marginally more - £5.24 on average.Him! said the research suggested staff in coffee shops are not proactively repeat-selling to customers. ...
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Top Greggs man to take part in Café+ debate
Greggs group business director Martin Kibler will share the secrets of the chain’s success at Café+ Live.He will be presented with a special certificate for heading up the prestigious British Baker magazine Top 50 list, before taking part in the panel discussion, ’Sandwich Debate: Sandwiches, Health, Sales & Profitability’ at ...
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Special week to celebrate ’Shop that Never Sleeps’
British Baker can announce that a new promotional event called National Craft Bakers’ Week is to take place from 8-13 June this year, in support of the indepen-dent craft baker. It has been designed to celebrate the specialist skills and the pivotal role craft bakers hold in their communities.Specially organised ...
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Student conference details revealed
The Alliance for Bakery Students and Trainees’ (ABST) Annual Conference is to take place over the first May Bank Holi- day weekend.Students and members of the baking industry are encouraged to take part in the three-day event, from 2-4 May 2009, to be held at the TLH Leisure Resort ...
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Directors consider future of Patisserie UK
The future of Patisserie UK’s place within Lees Foods’ group of companies has been put into question by directors, following a "disappointing" performance in 2008.According to a trading update, Patisserie UK suffered due to the loss of "a major customer" last year. Directors were said to be considering Patisserie ...
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Pret A Manger targets recession-hit consumers
Sandwich chain Pret A Manger has introduced a 99p filter coffee as part of a package of measures to tempt in recession-conscious consumers.The 200-outlet chain had "looked at the price architecture" on its sandwich range, with prices reduced on some lines and new cheaper ones added, director of food ...
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Contactless payment sees growing popularity
Subway is the latest high street bakery retailer to offer shoppers a speedy way to pay for snacks and sandwiches.It is trialling a new payment system in some of its stores that enables people to buy items for less than £10 by touching their credit card against a sensor, without ...
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FSA Wales investigates fat reduction
The Food Standards Agency (FSA) Wales, is to hold a second co-hosted seminar for Welsh bakery businesses, looking at the issue of saturated fat reduction.The seminar will be held on 4 March from 4-6pm at FSA Wales’ Cardiff office in Wood Street, in association with the Food Industry Centre ...