Finance

Baker & Spice acquired by coffee shop chain DoCASA

Four London outlets of former Patisserie Holdings business Baker & Spice have been acquired by coffee chain Department of Coffee and Social Affairs (DoCASA).

Buyers found for Patisserie Valerie and Philpotts

Patisserie Holdings businesses Patisserie Valerie and Philpotts have been sold in separate deals.

Bakery food-to-go sales set to grow £400m by 2022

Price, convenience and health will be key factors in tapping growth in the food to go market, according to analysts.

Finsbury Food Group invests £1m in Kara plant

Finsbury Food Group has boosted efficiency and capacity at its Kara foodservice facility in Manchester with a £1m investment.

Graze healthy snack brand acquired by Unilever

Unilever is raising its profile in the healthy foods market with the acquisition of the Graze snacking brand.

Chantilly Patisserie sold by Real Good Food

Renshaw owner Real Good Food (RGF) has sold Chantilly Patisserie to its management team.

Caffè Nero Group acquires 70% stake in Coffee#1

Caffè Nero Group has bought a majority stake in the Coffee#1 chain.

Greencore food-to-go sales rise 6.4% in Q1

Greencore has stated that 2019 has got off to an “encouraging start”, with strong sales in its food-to-go operations.

AHDB holds baking workshop to drive wheat exports

A baking workshop has been held in Algeria this month to highlight the quality of UK soft wheat.

Food firms warn of no-deal shortages and price hikes

Consumers could face availability issues and higher prices, major retailers and foodservice businesses have warned.

What was 2018 like for Britain’s baking industry?

British Baker wants you to tell us what the past 12 months have meant for the retail bakery market.

Locations of 71 Patisserie Holdings closures revealed

Patisserie Holdings administrators have announced the closure of the company's Spitalfields bakery and revealed which stores and concessions are to close.

Patisserie Holdings enters administration

Patisserie Valerie owner Patisserie Holdings has entered administration after failing to secure financing.

BBF eyes growth after securing £40m funding

Cakes and desserts business BBF is planning to invest in its manufacturing facilities having secured £40m funding from Wells Fargo Capital Finance (WFCF).

Patisserie Holdings loses another non-exec director

Financial expert Lee Ginsberg has resigned as non-executive director and deputy chairman at Patisserie Holdings.

Horler quits Patisserie Holdings non-exec role

Restaurant chain chief and hospitality industry expert James Horler has resigned as a non-executive director of Patisserie Holdings.

Premier appoints firms to tackle cyber crime threat

Mr Kipling owner Premier Foods has appointed security firms Cybereason and CDW to help protect its business from high-tech crime.

Greggs' vegan-friendly sausage roll, launched last week
  (Photo:  )

Greggs raises expected profit after strong Q4

Strong sales of mince pies and its Festive Bake have helped boost profit expectations at food-to-go business Greggs.

Record Christmas for grocery as sales rise £450m

Supermarkets clocked up a record £29.3bn in sales in the run-up to Christmas – up £450m on the previous year.

Kőnig Group acquires equipment firm Fortuna

German bakery equipment supplier Fortuna has been acquired out of insolvency by the Knig Group.

RGF sells R&W Scott and reports £9.1m loss

Real Good Food has sold jams and preserves business R&W Scott and reported a half-year loss before tax of £9.1m.

Unifiller Systems acquired by VMI owner Linxis Group

Depositing equipment supplier Unifiller Systems has been acquired by Linxis Group, owner of brands including VMI, Diosna and Shick Esteve.

Immigration white paper sparks staff shortage fears

Business will face a shortage of low-skilled staff under immigration proposals announced today, industry groups have warned.

Ryhs Iley (left) and José Peralta
  (Photo:  )

Former Starbucks boss joins Patisserie Holdings

Patisserie Holdings has appointed former Starbucks boss Ryhs Iley as its commercial director.

Adelie Foods planning to close Kilmarnock factory

Adelie Foods is planning to close down its sandwich and food-to-go production site in Kilmarnock.

UK cake exports crash by almost £24m this year

Exports sales of cakes have fallen 12.5% in the first nine months of 2018 – a decline of £23.9m year on year.

Have you downloaded your Bakery Market Report yet?

British Baker’s Bakery Market Report is a unique snapshot of Britain’s retail bakery market, offering details of the ‘BB75’ – the country’s 75 largest bakery-focused operators – and much, much more.

Patisserie Holdings names interim financial officer

Patisserie Valerie owner Patisserie Holdings has appointed Nick Perrin as interim chief financial officer.

Greencore eyes ‘significant’ UK growth opportunities

Food-to-go giant Greencore has set its sights on “significant” growth through expansion and acquisition in the UK following the disposal of its US division.

Wheat plantings forecast to reach five-year high

High prices this year have encouraged growers to increase wheat plantings for the 2019 crop.

Biscuits and tea help boost Fortnum & Mason sales

British biscuits and loose leaf tea have helped drive the sixth successive year of double-digit sales growth at Fortnum & Mason.

Bakels opens new £10m Bicester distribution centre

Ingredients supplier British Bakels has opened a new £10m distribution centre in Oxfordshire.

Brook launches dedicated asset disposal department

Brook Food Processing Equipment has expanded its range of services with a department specialising in asset disposal.

Greggs expecting full-year profit before tax of £86m

Greggs is expecting to make a full-year profit of £86m following strong trading in October and November.

Greencore to focus on UK after completing US sale

Greencore Group has this weekend completed the sale of its entire US operation to an affiliate of Hearthside Food Solutions.

Aryzta first-quarter organic revenue edges up 0.3%

Frozen baked goods supplier Aryzta has reported modest organic revenue growth in its first quarter – and said this reflects the ongoing stabilisation of the business.

Cake Box revenue and profits rise more than 40%

Sales at egg-free cake supplier Cake Box – which this year listed on AIM – have risen 44% year on year to £8.3m in the six months to 30 September.

New contracts drive 23% profit growth for SSP Group

New contracts and robust sales growth have driven a 22.7% rise in underlying operating profits at travel site operator SSP Group.

Aryzta €800m share offer attracts 97.4% take-up

Frozen bakery giant Aryzta has raised almost €800m through a share offer.

Patisserie Holdings reveals new chief executive as Paul May steps down

Patisserie Holdings has announced that chief executive Paul May has resigned with immediate effect.

Tim Hortons’ first franchise site to open in Scotland

Tim Hortons has secured its first franchise partner, who will open a site in Scotland by the end of the year.

Evron set for expansion following Bama investment

UK bakery business Evron Foods Group is set to expand following investment by US baked goods manufacturer Bama Companies.

Premier cakes business hit by logistics problems

Mr Kipling owner Premier Foods has revealed its cake business has been hit by issues with its new warehousing operation.

Premier Foods chief exec Gavin Darby to step down

Gavin Darby is to step down as boss of Premier Foods less than four months after he saw off a bid to oust him from the role.

Barry Callebaut sales grow ahead of chocolate market

Chocolate and cocoa products supplier Barry Callebaut has increased its sales volumes by 6.3% in the past year – ahead of the 1.8% increase in the overall chocolate confectionery market.

‘Unacceptable’ losses at Allied Bakeries, reports ABF

Losses at Kingsmill owner Allied Bakeries have remained “unacceptable” in the past year, according to parent company Associated British Foods (ABF).

Aryzta shareholders approve €800m funding

Frozen bakery giant Aryzta has secured approval for an €800m fundraising plan by a narrow margin.

Eaton’s Patisserie aims to double turnover to £6m

Cake and desserts supplier Eaton’s Patisserie is aiming to double its turnover after moving to a new site.

Samworth Brothers to buy 2 Sisters sandwich factory

Food manufacturing company Samworth Brothers is to acquire 2 Sisters Food Group’s Manton Wood sandwich business.

Graeme Tobias of Pizza Cake (l) with Grant Bett of HSBC UK toast new site
  (Photo: Tim Hortons )

Franchisee gets funding for more Tim Hortons sites

A franchise company has secured funding to open three drive-through Tim Hortons sites in Scotland.

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