The Swiss-Irish group continues to simplify its business model with the sale of its Brazilian operations to Grupo Bimbo SAB de CV. Its aim to rebuild as a bakery leader in Europe and Asia has also been given a boost with a new €500m revolving credit facility.
The Mexican bakery giant posted new highs for the second quarter – with a 16.2% increase in sales and adjusted EBITDA growing nearly 37% – as it motivated to revitalise those channels and categories that suffered during the pandemic.
Bimbo Bakeries USA (BBU) has downsized a new line of its Arnold, Brownberry and Oroweat Whole Grains breads for calorie-conscious consumers who can’t live without a slice, but don’t want to live with the regret.
The world’s largest bakery company posted outstanding financial results, reported significant market share gains, was recognised as one of the world’s most ethical companies for the fifth consecutive year and increased its global use of renewable electricity...
In recent months, there has been a raft of announcements from brands that have shimmied up to big names to pump energy into their marketing ploys and attract the purchasing power of star-struck consumers.
Grupo Bimbo has given more than six million slices of bread to food banks where it operates, following its pledge to donate 20 slices of bread for each registered participant of its virtual Global Energy Race (GER).
The world’s largest baking company has reported strong performance in Q3 2020, driven by better-than-expected results from its Sweet Goods category, which offset the drag from impulse items like on-to-go foods due to the pandemic.