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
The North American meat-focused division of Sara Lee will attract acquisition bids when the company spins off its Europe-based coffee-and-tea division in the future. The new company, which is to be named Hillshire Brands, is expected to ...
Tags: meat-focused division, acquisition bids, coffee-and-tea division
The Hillshire Brands, formerly Sara Lee, has completed the separation of its international coffee & tea business - DE Master Blenders 1753. Hillshire Brands, which trades on the New York Stock Exchange under the ticker HSH, focuses on ...
Sara Lee,the brand owned by US-based Hillshire Brands,has announced the launch of its Lemon Pound Cake variety,a new pound cake loaf,as well as an update to its Butter Pound Cake,which is now more moist. The company noted that the new ...
Tags: feedback, new products, cake
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
Pakistan’s Aik Hunar Aik Nagar (AHAN), a non-profit organization that supports small rural enterprises engaged in the production of handmade non-farm products, has imparted training in embroidery techniques to rural women. ...
Tags: AHAN, rural enterprises, handmade non-farm products, training
Sara Lee, a US-based consumer-goods company, is voluntarily recalling Sara Lee Butter Streusel Coffee Cake, as the product may contain pecans which is not mentioned on the label of the packaging. The product subject to the recall is Sara ...
Tags: Sara Lee, recalling, coffee cake, pecans
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
With the H2Ø Programme, Springfield is launching a very special collection of jeans for Man and Woman with different fits and a wide range of finishes. The collection will be available in its stores this season, under a "waterfriend" ...
Tags: denim collection, jeans, washing stages
Leading users of the government's Public Services Network (PSN) have complained that the service is underdeveloped, despite the £2bn of public funds, and four years' planning, that went into the network's launch in March this year. ...
Tags: PSN, Public Services Network, NHS, emPSN
There is no question the Public Services Network(PSN)has been gaining momentum over the past 12 months.The"network of networks"to enable local services to save cash by using shared infrastructure and having better access to applications has ...
Tags: PSN, network, Computer Weekly
A whole new online Style Universe, online shopping platform JASU will be launching to the public late August, 2012. A one-stop Australian fashion e-commerce platform and lifestyle content channel, the site will showcase the best of ...
Tags: online shopping platform, fashion e-commerce platform, fashion platform
Snyder's-Lance has agreed to buy US cracker firm Snack Factory for US$340m from private-equity firm VMG Partners. The deal, announced yesterday (5 September), will see Snack Factor's Pretzel Crisp brand join Synder's-Lance products like ...
Tags: Snyder's-Lance, Snack Factory, VMG Partners, private-equity firm
US private-label food group Ralcorp Holdings has reported an increase in third-quarter profits, helped by higher sales and a gain from hedging contracts. Ralcorp, which makes cereals, sauces and pasta for US retailers, booked net earnings ...
Tags: private-label food, cereals, sauces, pasta, stocks
Optical module and component maker Opnext Inc of Fremont,CA,USA and SURFnet,the National Research and Education Network(NREN)in The Netherlands,have announced a successful 100Gbps coherent field trial between the National Supercomputing ...