Grupo Bimbo CEO: ‘A true global leader’

Grupo Bimbo’s CEO Daniel Servitje is a true global leader who has shaped his business into the largest bakery in the world, says the director of the Executives’ Club of...

Bimbo: The not-so-global brand

Bimbo is a popular bakery brand that is in growth but global penetration remains fairly low outside Latin America, an expert says.

News in brief

Grupo Bimbo chairman retires

Grupo Bimbo’s chairman Don Roberto Servitje Sendra will retire from his position on July 1.

Flour recall hits major US brands

Knock-on effect: US flour recall sifts through industry

A US flour and grain blend recall has hit major brands including Frito-Lay and Mondelez and forced widespread precautionary recalls on snacks, cereal and biscuit products.

Grupo Bimbo Q4 net profit plunges 81%

Increased financing costs and higher tax rates caused a plunge in net profit for Mexican bread titan Grupo Bimbo in the fourth quarter (Q4) of 2012.

Kellogg talks on Special K contamination, Bimbo Bakeries issues recall due to machine fault

Kellogg has described its Special K Red Berries recall as “very small” as Bimbo Bakeries USA issues a broad voluntary recall on its core bread brands due to possible flexible wire contamination....

Faulty machinery blamed for metal contamination in two US recalls

Two separate product recalls due to possible metal contamination have been attributed to machinery failure, according to the two firms involved.

Bimbo Bakeries to tighten grip on Northeast US with Pennsylvanian plant

Bimbo Bakeries has splurged out $75m on land to build a bakery plant in Pennsylvania as it continues to invest heavily in securing a stronger grip on the Northeast region...

Grupo Bimbo net profit slumps 83% for Q3

High raw material prices and costly integration of Sara Lee operations led to a sharp net profit slump for Mexican bread titan Grupo Bimbo in the third quarter (Q3).

Grupo Bimbo strengthens Spanish hold with buy-back

Grupo Bimbo has opted to buy-back a bakery plant in Gran Canaria that had previously been sold off by Sara Lee in 2009 in a bid to drive a leadership...

Wind Point partners with ex-Sara Lee CEO in Shearer Foods acquisition

Private equity firm Wind Point Partners has agreed to acquire Ohio-based Shearer’s Foods for an undisclosed sum – and has partnered with former Sara Lee CEO C.J. Fraleigh, who will...

Grupo Bimbo’s Sara Lee buy: The profits and strains

Mexican bread titan Grupo Bimbo has said expenses from its Sara Lee buy last year have led to a slight drop in Q2 earnings despite healthy sales.

Grupo Bimbo claims 30% savings with Mercedes van deal

Mexican bakery manufacturer Grupo Bimbo has established an alliance with Mercedes-Benz for eco-friendly vans that it claims will reduce operating costs by 30% compared to its last vehicles.

Bimbo Bakeries to build $75m factory in US

Bimbo Bakeries USA plans to invest $75m in a new facility in Texas, US, to produce bread and buns.

New Sara Lee Breads owner Bimbo expands US distribution

Bimbo Bakeries USA has expanded distribution of Sara Lee Breads to Northeast markets in the US.

News in brief

Bakery lags for Sara Lee as profits soar

Sara Lee has recorded growth in its second quarter results, but sales for its bakery category weakened performance in its core meat segment.

Callebaut sees Mexican potential with Grupo Bimbo supply deal

Chocolate manufacturer Barry Callebaut has today announced the signing of a long-term supply agreement with Latin American bakery firm Grupo Bimbo.

Sara Lee poised to sell French bakery business Eurodough for €115m

Sara Lee has announced that it is considering an offer from French private equity firm Sagard for its European chilled dough business Eurodough.

Sara Lee completes American Fresh Bakery sale

Sara Lee has completed the sale of its American Fresh Bakery business to Mexican firm Grupo Bimbo for $709m.