Business

600 jobs to go at Premier Foods

600 jobs to go at Premier Foods

By Oliver Nieburg

UK-based Premier Foods has announced that 5% of its 12,000 man workforce will be axed as the company sets larger cut targets.

Frutarom acquires 56% of Slovenian Etol, full takeover bid to follow

Frutarom continues recent spate of acquisitions

By Kacey Culliney

Israel-based flavours, botanicals and speciality ingredients player Frutarom has acquired 56% of Slovenian flavour company Etol for US$24.9m (€19.6m) and will bid for the full takeover in the coming weeks.

A snapshot of Skånemejerier's product range

Groupe Lactalis lift-off looms for Swedish dairy co-op Skånemejerier

By Ben Bouckley

Groupe Lactalis’ bid to take over Sweden’s second largest dairy player fits with the French firm’s strategy of reducing its reliance on cheese, and would give it further brands with which to pursue milk product growth in emerging markets, according to...

Workers at the Marmite maker will demonstrate in London tomorrow over the continuing pension row

Unilever strikes inevitable as pension row continues

By Dan Colombini

Only a last minute change-of-heart from consumer giant Unilever will prevent hundreds of its workers hitting the streets of London tomorrow to demonstrate over changes to their pensions.

Red Bull fights Pit Bull filler to EU court defeat

Red Bull fights Pit Bull filler to EU court defeat

By Ben Bouckley

Simply filling a soft drink bearing a trademarked brand name does not itself violate an EU directive regarding use of that sign, according to the European Court of Justice (CJEU) in a high-profile ruling involving Red Bull.

In a jam? Premier's sale of its Irish Brands led analyst Graham Jones to question its cash generating ability

Premier Food’s Irish brands sale raises cash fears

By Mike Stones

The £34.7M sale of Premier Foods’ four Irish brands, Chivers, Gateaux, McDonnells and the Erin licence, to the Boyne Valley Group underline worries about the food giant’s ability to generate cash, one leading analyst has warned.

Source: Kandia

Second buys third in Romanian chocolate race

By Oliver Nieburg

The second largest player on the Romanian chocolate market Kandia Dulce has acquired former competitor Supreme Chocolat, the third largest player, which could put pressure on market leader Kraft, according to an analyst.

Orkla offloads bakery business to retail group

Orkla offloads bakery business to retail group

By Oliver Nieburg

Norwegian firm Orkla Brands has announced the sale of its bakery unit Bakers to the retail group NorgesGruppen for an undisclosed fee as retailers augment their dominance on the Norwegian bakery market.

Deal in the can: Baxters has acquired Fray Bentos from Princes for an undisclosed sum

Baxters buys Fray Bentos for ‘undisclosed’ sum

By Dan Colombini

Scottish food group Baxters has moved to secure a “strong foothold” in the canned meat market after completing a deal with Princes for the acquisition of the Fray Bentos brand.

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