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New Zealand

Taura claims its fruit pieces are the world's smallest

Kiwi fruit products company Taura Natural Ingredients has introduced what it claims is possibly the world’s smallest real fruit pieces.

Russian all-natural snack start-up: 'We’re catching the wave, not chasing it'

The Marc Bakery aims to transform its $1m Russian snack business into $45m in just three years – a possible goal in a country where all-natural remains nascent, its founder says.

News in brief

Kellogg to close Georgia snack plant

Kellogg will close a snack plant in Georgia by the end of 2015 as part of its restructuring program, Project K.

Genius pumps ‘a good whack of its budget’ into Commonwealth Games sponsorship

Genius Foods, the UK’s leading gluten-free food producer, made a big investment into its summer campaign after being asked to be an official provider of the Glasgow 2014 Commonwealth Games.

Bridor to pump $32 million into US operations

Artisan specialist Bridor USA Inc. will expand its Vineland plant to drive more European-style products into the US market, says its CEO.

Oxfam praises ‘bold’ climate change move from General Mills

Following a damning report published by Oxfam in May, General Mills has revamped its climate change plan; pledging to reveal global greenhouse gas emission targets by August 2015.

News in brief

Bridges Ventures acquires controlling stake in Wholebake

UK investment firm Bridges Ventures will bolster capacity and brand development at Welsh energy bar specialist Wholebake.

News in brief

Hovis job cuts? ‘Same old story’ industry insider tells us

News of more than 200 job cuts at the Hovis bakery in Leicester should surprise no one, a key industry insider has told this website.

Hovis bakery to close with loss of 200 jobs

The Hovis bakery in Leicester is to close by next January with the loss of 204 jobs.

Genius targets in-store bakeries for French expansion

UK gluten-free major Genius has rolled products in French in-store bakeries – a move it says should normalize gluten-free for consumers.

Flavor campaigns drove excitement and engagement for Frito-Lay

Frito-Lay posted steady growth for Q2, fueled by excitement and consumer engagement through flavor competitions, says PepsiCo’s chairman and CEO Indra Nooyi.

Bimbo Bakeries USA notes ‘surprising’ decline in private label

Bimbo Bakeries USA (BBU) saw a 7% dip in US private label packaged bread sales in its Q2 results.

Financials brief

Q2 ‘wrap’: Grupo Bimbo sharp profit rise, PepsiCo profits dip

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.

News in brief

Hardbite Chips goes non-GMO on select snacks

Naturally Homegrown Foods’ Hardbite Chips brand has received non-GMO verification on two products, with the rest of the portfolio soon to follow, its CEO says.

Philippine food major buys New Zealand snack firm Griffin’s

Universal Robina Corporation (URC) has snapped up New Zealand snack giant Griffin’s Foods for NZ$700m ($606.6m) in a move it says should bolster its presence in the Asian snack sector....

AAK reports 'record' Q2 profits, acquires Frita brand from Unilever

A 40% increase in operating profits for its chocolate and confectionery fats business unit helped AAK to 'record high' results in Q2, while the firm continues its expansion with a...

Finsbury Food Group to post profit rise

Cake, bread and bakery goods manufacturer Finsbury Food Group expects to post full-year profit ahead of market expectations, thanks to market promotions and cost cutting, according to its pre-close trading...

News in brief

2 Sisters non exec director quits to become minister

2 Sisters Food Group’s non executive director Baroness Lucy Neville-Rolfe has left the business to take up the role of business minister.

Grupo Bimbo acquires Ecuadorian firm Supan

Mexican bakery giant Grupo Bimbo is set to acquire Ecuadorian company Supan – its first buy in the region.

Exclusive interview

Grupo Bimbo ceo to invest in UK arm

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....

China

General Mills spends big on Asian product development

In a move to channel more investment into its growing Chinese market, food major General Mills has opened its first major technical centre outside of its Minneapolis headquarters. 

Weetabix in jobs consultation with 60 staff

Pressure to stem eroding profits has led Weetabix to place up to 60 jobs across its industrial hygiene departments at risk.

Sugar prices to blame for ABF's poor sugar revenues

Associated British Foods (ABF) has blamed lower sugar prices and weak EU sales volumes for its poor sugar revenues in an interim management statement today (July 10).

2 Sisters’ Avana Bakeries sale offers staff hope

The sale of 2 Sisters’ Avana Bakeries site has offered hope to workers who faced losing their jobs because of its previously announced closure, although concerns remain about its future.

News in brief

Allied Bakeries Kingsmill launches Great White Rolls

Kingsmill launches Great White Rolls following the release of Kingsmill Great White - loaves with as much fibre as wholemeal - back in March. 

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