Grupo Bimbo saw its third-quarter earnings tumble 82% after it incurred a jump in pension costs and charges from the integration of the Sara Lee business the bakery giant acquired in North America. The Mexican company reported net income ...
Tags: Profits, pension costs, net sales
Barry Callebaut, the Swiss B2B chocolate manufacturer, today (5 July) reported a 2% increase in sales for the first nine months of its fiscal year, with contracts in the Americas helping revenue. Sales were up 2.3% to CHF3.59bn ...
Tags: chocolate manufacturer, chocolate, chocolate decorations
Swiss chocolate maker Barry Callebaut has reaffirmed its mid-term guidance, depsite booking a drop in full-year profit. In the 12 months to the end of August, the company reported a net profit of CHF142.6m (US$151.7m), down from CHF178.6m ...
Tags: chocolate maker, chocolate, gourmet business, chocolate products
Swiss chocolate maker Barry Callebaut insisted it is "confident" on the outlook for the coming fiscal year after investments weighed on the group's bottom line. Barry Callebaut booked a drop in net profit this morning, with earnings for ...
Tags: Investment, chocolate maker, chocolate
US-based baking company Flower Foods has agreed to acquire certain bakery assets and trademark licenses from BBU, a subsidiary of Mexico-based Grupo Bimbo, for an undisclosed amount. The deal has received clearance from the United States ...
Tags: certain bakery assets, Flowers Foods, breads and rolls
Barry Callebaut, the Switzerland-based manufacturer of cocoa and chocolate products, has signed a new long-term supply agreement with Grupo Bimbo, the Mexican food and baking company. Under the agreement, Barry Callebaut will supply the ...
Hostess Brands, a producer of bakery products in the US, has received clearance from the US Bankruptcy Court in New York to shut down the business and sell its assets. US Bankruptcy Judge Robert Drain authorized the liquidation process ...
Tags: Hostess Brands, Bankruptcy, BCTGM, 18500 employees
Flowers Foods has acquired the licence to the Earthgrains and Sara Lee brands in California from Grupo Bimbo. The US bread maker has predicted consolidation in the US bakery sector and is looking to build its geographic reach by ...
Tags: Flowers Foods, bread maker, food, sliced bread, buns, rolls