2 Sisters Food Group has forged a licensing agreement with Premier Foods for the production, distribution, sales and marketing of its Hovis Breakfast Bakes range of breakfast biscuits.
While the proposed merger of Northern Foods and Greencore will inevitably mean job losses at both companies, it is unlikely to result in scores of factory closures, City analysts have predicted.
Northern Foods yesterday reported a 1.1 per cent drop in underlying
revenues for the quarter ended 30 September, as the UK-based
company continues to shed underperforming units.
Northern Foods, which has been struggling to revive its sales,
today reported adeclined by 1.1 per cent in overall operating
revenue for the group during the first six months ofthe year,
compared to the same period in 2005.
After six months of sliding sales, rising production costs and now
a devastating factory fire, Northern Foods' chairman has warned the
year's first-half profits will be dented.
Ailing British food manufacturer Northern Foods has engaged the
services of Stamford Partners investment bank to oversee the sale
of its pudding and pies divisions, as the firm struggles to offset
plummeting profit margins.
Like other convenience food producers in the UK, Northern Foods is
struggling amidst sliding sales - issuing its second profit warning
in two months as consumers shun biscuits, pastries and pizza.
Britain's Northern Foods has posted a first-half profit rise of 5.8
per cent, following the introduction of a company-wide 'Get Fit'
streamlining campaign to drive profit margins and rationalise
operations.
UK-based Northern Foods, one of the biggest suppliers to UK retail
giant Marks & Spencer, wants to establish new conditions before
agreeing to proposed price cuts and margin improvements, writes
Anthony Fletcher.
