One of the UK’s largest own-label cake and pastry manufacturers has been snapped up by a private equity firm in GBP 23.5M management buy-in deal (MBI). McCambridge's cake division bakes one in 10 of every retail pre-packed ...
Tags: cake, pastry, private equity, McCambridge
Nestle has relaunched its Vice Versas chocolate brand in the UK. Last on shelves in 2005, the launch, Nestle said, is in response to public demand. The Vice Versas sharing bag of bite-size white and milk chocolate pieces will be ...
Tags: Nestle, chocolate brand, food product, food industry
The union representing Hostess Brands workers has insisted the US bakery group is "falsely claiming" the closure of three bakeries was the result of strike action. Hostess has been trying to force through cuts to pay and conditions and ...
Tags: Hostess Brands, bakeries, strike action, bakery group
A "solid" third quarter has led Denmark-based food ingredients firm Chr. Hansen to raise its forecasts for annual sales and EBIT margins. Chr. Hansen said today (4 July) it expects its sales to increase by 9-11% on an organic basis and ...
Finnish food group Raisio has added to its confectionery stable with the acquisition of Czech group Candy Plus. Raisio said the EUR20.5m deal would "complement" its UK confectionery operations, which the Fox's mint brand. The company ...
Tags: Raisio, acquisition, Candy Plus, food industry
Mars Inc has rolled out its first Fairtrade certified product, Maltesers, into UK stores. The move, first announced in September, is part of the confectionery giant's commitment to source its entire supply of cocoa from sustainable ...
Tags: Mars Inc, certified product, food product, food industry
Mars Inc's Wrigley is to relaunch its Skittles confectionery brand in the UK in the New Year with a range re-design and an extra product. The GBP5m relaunch will see the company launch a Skittles Confused variant, whereby the colour of ...
Tags: Mars Inc, new product, Skittles, food industry
Singapore conglomerate Olam International has posted a fall in annual profits but sales volumes and margins from its food business continued to grow. The company yesterday (28 August) booked a 4.6% decline in underlying net profit to ...
Tags: conglomerate Olam International, annual profits, food business
Featured reports from the just-food research store include innovation trends in sauces, and functional food marketing in Asia Pacific. CONSUMERS Consumer and Innovation Trends in Sauces, Dressings, and Condiments Growth in home ...
Tags: sauces, functional food marketing, Asia Pacific, food industry
Kraft Foods has booked an increase in first-half profits, despite recording a fall in sales, thanks to productivity and price gains. In the six months to the end of June, net profit increased 4.2% to US$1.85bn. Operating profit in the ...
Tags: Kraft Foods, first half profits, fall in sales, food price
The UK and Ireland division released its 2012 Creating Shared Value Plan under the banner ‘Building a Sustainable Future’. Nestlé highlighted its Easter egg range that incorporated 100% recyclable packaging and claimed ...
Tags: Nestlé, sustainability programmes, targets
Singapore-based agricultural group Olam International has announced the resignation of its CFO Krishnan Ravi Kumar. Kumar, who is leaving to "pursue a new career outside the agri-commodity sector", will be replaced by Shekhar ...
Tags: agricultural group Olam, CFO Krishnan Ravi Kumar, Titanium Holding
Muller Dairy has revamped its Corner yoghurt range in the UK to include a new recipe, a change in its six-pack combinations and a packaging redesign. This is the first phase in what Muller claims is a "major programme" to revamp the ...
Tags: Muller Dairy, Corner yoghurt range, new recipe, major programme
Hershey today (7 September) announced a deal to take full control of its Indian venture, which has been the subject of speculation for months. The US confectioner will buy a 49% stake in the loss-making venture held by Indian conglomerate ...
Tags: JV partners, JV subject, potentially sick
The administrator for UK baker Peters Cathedral Bakers, which went into administration last month, has sold the company to local peer Coopland & Son (Scarborough) Ltd. KPMG said today (30 July) the deal for the company, which also trades ...
Tags: Bakery, Bakers, Bakery stores, baked goods