Finance

Napier Brown
Napier Brown suffering in difficult tradiing
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Real Good Food in talks over sugar division

Real Good Food, owner of UK sugar distributor Napier Brown, is “in discussions regarding a transaction” regarding its sugar arm that would “strengthen its balance sheet”. 

Bakkavor
Bakkavor extends banking facilities
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Bakkavör uses banking facility for early repayment of bond debt

Food manufacturer Bakkavör has agreed an extension and increase to its existing banking facilities, as well as a material reduction in the interest rate margin. 

Aryzta
Aryzta buys 49% stake in Picard
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Aryzta to take stake in French food retailer

Swiss bakery group Aryzta has entered into negotiations to acquire a 49% stake in Picard - a speciality French food retailer, owned by private equity group Lion Capital. 

Crepeaffair
Crepeaffair eyes more sites
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Crepe firm reveals plans for new outlets

London-based Crepeaffair has just opened its 12th UK outlet as it strives for 15 in total by mid-summer as well as adding international sites and launching a ‘grab and go’ range. 

Kraft and Heinz merge to create food giant

Kraft Foods, parent company of Mondelez, has merged with H J Heinz, resulting in what has been called the fifth-largest food and drink company in the world.

Finsbury’s share price hits highest level in a year

Finsbury Food Group’s share price closed yesterday (23 March) almost 6% higher than on opening that day at 73.6p, up 5.9%.

Finsbury
Finsbury Food Group's Frozen cake has enjoyed popularity
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Finsbury turns in positive revenue performance

UK bakery manufacturer Finsbury Food Group has posted group revenue up 24.1% to £107.6m following it's acquisition of Fletchers Group last year. 

FDF
FDF: revealed figures on food and drink growth
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UK food and drink enjoy global demand

UK food and non-alcoholic drink exports have almost doubled in value over the past 10 years, growing 2.6% in 2014 to £12.8bn. 

Starbucks
Starbucks has seven-point plan for five years
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Starbucks reveals five-year growth strategy

Coffee giant Starbucks yesterday outlined a major seven-stage plan for the brand, including growing the number of stores from 22,000 to 30,000 worldwide, with a particular focus on China and on tea. 

BB's Coffee & Muffins
BB's Coffee & Muffins eyes expansion
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BB’s Coffee & Muffins chain sold

The BB’s Coffee & Muffins chain has been bought by private equity company Brentwood Investments for a sum rumoured to be around €10m (£7.1m). 

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