Finance

Cake Craft World Limited acquired by Dr Oetker

Dr Oetker has acquired cake decoration and sugarcraft supplies business Cake Craft World Limited.

Samworth Brothers margins are hit in ‘challenging year’

Profits at Ginsters and West Cornwall Pasty Co owner Samworth Brothers have fallen as a result of rising commodity costs and £18m in one-off charges.

Hovis results: refocus on bakery operation paying off

Hovis says it is benefitting from exiting the milling industry and focusing on its bakery operations.

Alana Spencer buys Lord Sugar out of cake business

The Apprentice winner Alana Spencer has bought Lord Sugar out of her cake business, Ridiculously Rich by Alana.

Investment and efficiency drive growth at Finsbury

Finsbury Food Group has said scale will become increasingly important to food manufacturers as key customers get larger.

Coughlans Bakery seeking investors to grow business

Family-owned South London-based café and bakery firm Coughlans is seeking investment to help drive the development of the business.

Real Good Food chief exec Hugh Cawley steps down

Hugh Cawley, chief executive officer of Renshaw owner Real Good Food (RGF), is to leave the business.

Paterson Arran acquired by Burton’s Biscuit Company

Burton’s Biscuit Co is to boost its presence in the foodservice market with the acquisition of shortbread and oatcakes supplier Paterson Arran.

Genesis Crafty invests £750k and creates new jobs

New contracts have prompted Genesis Crafty – which was sold in pre-pack deal a year ago – to invest and take on new staff.

Real Good Food secures new £8.9m credit facility

Renshaw owner Real Good Food is set to pay off some of its shareholder debt after securing a new bank credit facility.

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