Grupo Bimbo’s acquisition of Saputo Bakery is a surprise because the Canadian packaged cake firm is unprofitable and struggling, says Euromonitor International.
Grupo Bimbo has bought Saputo Bakery via its Canadian subsidiary Canada Bread for C$120m ($103m).
Grupo Bimbo has developed an alternative processing method that reduces the fat content of pork rind snacks.
The secret to successful innovation is about taking risks, being open to failure and trying again, says the vice president of innovation at Grupo Bimbo.
Mexican bread titan Grupo Bimbo and US cereal major General Mills have ranked on Forbes’ annual top 100 ‘most innovative’ companies list.
Bimbo Bakeries USA (BBU) has renewed its multi-year soccer jersey sponsorship with Philadelphia Union in a deal rumored to be more than $11m.
Bimbo Bakeries USA (BBU) saw a 7% dip in US private label packaged bread sales in its Q2 results.
Grupo Bimbo’s Q2 net profit surged 72.6% on the previous year as sales rose slightly, whereas PepsiCo’s net profit dipped 2% despite steady sales.
Mexican bakery giant Grupo Bimbo is set to acquire Ecuadorian company Supan – its first buy in the region.
Bakery giant Grupo Bimbo believes the UK arm of Canada Bread - the business it bought in May - together with Spanish and Portugese divisions can strengthen European sales after further investment....
Grupo Bimbo has received US and Canadian clearance for its $C1.83bn Canada Bread acquisition.
Are consumers who say they’re avoiding gluten really just avoiding wheat? Can we trust survey data about the number of people following ‘gluten-free diets’? Are market researchers' (wildly differing) estimates...
The US trend of skipping breakfast or eating it on the go hurts both cereal and packaged breakfast baked goods, according to an analyst behind a Packaged Facts report.
Grupo Bimbo doubled its net profit for 2013 and totted up its highest ever EBIDTA – improvements that defined what its CEO described as a ‘pivotal’ year.
Grupo Bimbo will have its work cut out baking up success in Canada and could be disappointed if it expects too much, says analyst.
Mexican bread titan Grupo Bimbo will dish out C$1.83bn to buy the Canada Bread Company – 90% of which belongs to Maple Leaf Foods.
Grupo Bimbo’s corporate social responsibility (CSR) app is unlikely to spark interest among consumers but could prove valuable as a way to collate business efforts and differentiate, says an innovation...
Grupo Bimbo has developed a process that uses flavored fats to laminate pastry layers, enabling the end product to be toasted without flavor loss.
Grupo Bimbo hopes to boost Mexican business thanks to an agreement with Visa via its technology subsidiary that enables small Mexican retailers to accept electronic card payments.
Bimbo Bakeries USA (BBU) will close a Californian bakery and shift production elsewhere after careful analysis showed shortfalls in the infrastructure and manufacturing capabilities, the regional vice president said.
A new report from Rainforest Action Network says food giants supporting "weak" and "diluted" Round Table on Sustainable Palm Oil (RSPO) standards or buying GreenPalm certificates are kidding themselves if...
Grupo Bimbo has developed a branded US gluten-free line that an analyst predicts big things for given the company’s strong market foothold and retail network.
Grupo Bimbo lost a bit of its DNA when it re-entered Brazil because there was too much focus on immediate growth, its CEO admits.
Grupo Bimbo will pump 20 million pesos ($1.5m) into a new eco-friendly distribution center in Mexico City as part of its drive towards a fully sustainable supply chain.
Bimbo Bakeries USA (BBU) will rise to the challenge of increased market competition following the re-entry of Hostess Brands last week, its president says.