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US baker
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Shiver Has Been Named The Company's New CEO
Feb 19, 2013Allen Shiver, president of US baker Flowers Foods, has been named the company's new CEO. Shiver, who has spent over three decades at Flowers, will replace George Deese in May. Deese, also Flowers chairman, will become executive chairman. ...
Tags: Allen Shiver, US baker Flowers Foods, CEO
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Flowers Foods Has Expanded Its Market Share in The Wake of Hostess Brands
Feb 18, 2013Flowers Foods has expanded its market share in the wake of Hostess Brands move to wind down its operations. The US baker has been named the "stalking horse" bidder for the majority of Hostess Brands' bread business. While the assets will ...
Tags: Flowers Foods, bread business, Flowers
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Flowers Foods Has Delayed Issuing Guidance for 2013
Feb 13, 2013US baker Flowers Foods has delayed issuing guidance for 2013 until the outcome of its attempt to buy various assets, including bread operations from Hostess Brands, is clear. The company has been named the "stalking horse" bidder for ...
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A Consortium of Two Private-Equity Firms Has Emerged as The Lead Bidder
Feb 1, 2013A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...
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Flowers Foods Has Reached an Agreement with Hostess Brands
Jan 16, 2013US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers has emerged as the "stalking horse" bidder that, if the ...
Tags: US, baker, Flowers Foods, Hostess Brands
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US Baker Flowers Foods Has Reached an Agreement with Hostess Brands Regarding Acquisition
Jan 15, 2013US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers will also take on 20 of Hostess' bakeries and ...
Tags: US, baker, Flowers Foods, Hostess Brands
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Wal-Mart Storesand Kroger Are Understood to Be One of a Number of Bidders for The Assets
Dec 18, 2012US retailers Wal-Mart Storesand Kroger are understood to be one of a number of bidders for the assets of US baker and Twinkies owner Hostess Brands. Hostess last month received court permission to wind down its business and sell ...
Tags: WalMart, Hostess Brands, bid, company news
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US Baker Hostess Brands Has Indicated It Will Liquidate The Company Tomorrow
Dec 11, 2012US baker Hostess Brands has indicated it will liquidate the company tomorrow (15 November) if striking employees fail to return to work this evening. The group, which manufactures brands including Nature's Pride and Wonder Bread, said it ...
Tags: Hostess Brands, strike, financial resource, food industry
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Hershey and Flowers Foods Have Teamed up to Develop Cakes for Hallowe'en in The US
Dec 11, 2012Hershey and US baker Flowers Foods have teamed up to develop cakes for Hallowe'en in the US. The companies have launched Kandy Bar Kakes, a product they describe as "the perfect blend of cake and candy". Lines include S'mores Kandy Bar ...
Tags: Cakes, Kandy Bar Kakes, peanut butter
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US Baker Flowers Foods Has Reported a Slight Lift in Third-Quarter Earnings
Dec 11, 2012US baker Flowers Foods has reported a slight lift in third-quarter earnings, which were boosted by "solid" sales gains. In a regulatory filing yesterday (8 November) the company said net income rose to US$31.2m in the three months to 6 ...
Tags: baker Flowers, Flowers Foods, Flowers, Foods
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Flowers Foods Has Changed Its Forecast for Annual Earnings
Dec 11, 2012US baker Flowers Foods has changed its forecast for annual earnings, pointing to "heightened" competition and "challenging" trading conditions. Flowers expects adjusted earnings per share to increase by 3.5% to 8% in 2012, including the ...
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Hostess Brands Agreed to Last-Ditch Talks with Union Officials to Resolve The Dispute
Dec 10, 2012Hostess Brands today (19 November) agreed to last-ditch talks with union officials to try to resolve the dispute that has threatened the existence of the US baker. The company, which owns brands including Twinkies snacks, was set to ask ...
Tags: Hostess Brands, dispute, US baker, food indstry
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Hostess Has Said Last-Ditch Talks with Union Officials to Try to Resolve The Dispute
Nov 21, 2012Hostess Brands has said last-ditch talks with union officials to try to resolve the dispute that has threatened the existence of the US baker have been"unsuccessful". The company,which owns brands including Twinkies,was set to ask for ...
Tags: union officials, dispute, Hostess Brands, strike