Global Industry: Orkla agrees to purchase Easyfood
Hamburg. (bm) Through its wholly-owned subsidiary Orkla Foods Danmark A/S, Norway’s Orkla ASA has entered into an agreement to purchase 90 percent of the shares in Easyfood A/S, a Danish producer of bread-based convenience products for the out-of-home channel. Easyfood currently...
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Global Industry: General Mills Reports Q2-2019 Results
Hamburg. (bm) General Mills Inc. reported results for the second quarter ended November 25, 2018. Financial results for the second quarter and first six months of fiscal 2019 include contributions from Blue Buffalo Pet Products. Net sales increased 5 percent to USD 4.41 billion and were up...
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Global Industry: Other countries, other customs
Hamburg. (bm) Other countries, other customs: Market research covering the UAE region found that 87 percent of UAE consumers visit foodservice at least once a week, compared to 74 percent globally. This high percentage compared to international foodservice visitation is likely due to the busy...
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Global Industry: Europastry acquires Confeitaria Torres
Hamburg. (bm) Europastry S.A., the national leader in Spain and fifth worldwide player in the frozen dough industry, has completed its purchase of Confeitaria Torres, a Portuguese company specialising in fresh and deep-frozen bakery and pastry products. The bakery company, based in Trofa near...
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Global Industry: Aryzta AG announces Q1-2019 results
Hamburg. (bm) Swiss-Irish Aryzta AG announced financial results for the first quarter 2019 – the period ended 31 October 2018. The Company reports ongoing organic revenue stability. For the whole Financial Year 2019 Aryzta expects mid-to-high single-digit organic Ebitda growth. Other topics...
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Global Industry: SPC Acquires Bäckerhaus Veit
Hamburg. (bm) Swander Pace Capital (SPC), a leading private equity firm specializing in investments in consumer products companies, has acquired Bäckerhaus Veit Limited, a leading producer of artisan, European-style breads, rolls, buns and soft pretzel products for top-tier retail and foodservice...
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Global Industry: Panera Bread delivers breakfast
Hamburg. (bm) Panera breakfast delivery offers a convenient alternative to waiting in line for morning breakfast and coffee – now, breakfast can meet folks at the (U.S.) office or at the own (U.S.) door. Easily ordered via the Panera app or website, Panera Bread now offers morning breakfast delivery in...
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Global Industry: Lantmännen acquires Bakery du Jour
Hamburg. (bm) Lantmännen Unibake, part of Sweden’s Lantmännen Group, has signed an agreement to acquire the Australian pastry manufacturer Bakery du Jour. The acquisition is an important step to expand Unibake’s global footprint, the company said in a statement. Family-owned Bakery du Jour...
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Global Industry: Orkla ASA reports Q3-2018 results
Hamburg. (bm) Norway’s Orkla ASA made a number of structural changes in the third quarter, the company said in its statement for fiscal Q3/2018. In the Czech Republic and Slovakia, it decided to integrate the two companies Hamé and Vitana to form a single Orkla Foods company...
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Global Industry: McDonald’s Beats Q3-2018 Estimates
Hamburg. (bm) McDonald’s Corporation announced results for the third quarter 2018, ended 30 September. Weakness in the U.S. business (comparable sales increased 2.4 percent) the Company compensated with global strength (comparable sales increased 4.2 percent). Altogether the...
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