Finance

Krispy Kreme owner JAB to acquire Pret A Manger

Pret A Manger is to be bought by JAB, two years after the investment firm acquired doughnut business Krispy Kreme.

Aryzta announces profit warning and £175m cuts

Bakery business Aryzta has cuts its forecast earnings and announced plans to slash costs by £175m over the next three years.

M&S to axe 100 stores and slow food expansion

Marks & Spencer (M&S) is to close more than 100 stores by 2022 and has scaled back its Simply Food openings.

US woes take toll on profit growth at Greencore

Greencore profit growth has been dented in a “challenging” half year by problems in the firm’s US operation.

SSP Group profits up by almost a third year on year

New contracts and operational improvements have driven a 32.6% increase in underlying operating profit at travel site operator SSP Group.

Northumbrian Fine Foods acquired by European firm

Gluten-free biscuit manufacturer Northumbrian Fine Foods has been acquired by European own-label firm Biscuit International from CriSeren Foods.

Patisserie Valerie up 13.2% as expansion continues

Revenue across the Patisserie Valerie brand has risen 13.2% in the past half-year.

Premier branded cake sales down 3% across the year

Sales of branded cakes at Mr Kipling and Cadbury cakes supplier Premier Foods have fallen more than 3% year on year.

NPD helps NI bakery Sweet Things treble sales

Sales at Northern Irish bakery Sweet Things have trebled to £1.5m over the past year, driven partly by NPD.

Crowdfunding helps gluten-free bakery plan second site

A gluten-free Edinburgh bakery plans to open a second store within the next year following a successful crowdfunding push that has raised more than £30,000.

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