The maker of Mr Kipling cakes has announced a strategic shake-up that includes the sale of its Ambrosia custard brand, a £10m ($12.9m) Brexit stockpiling plan and the departure of its under-fire boss.
Hovis Ltd has announced its intention to sell two flourmills and close a third as part of its three-year transformation plan, placing more than 100 jobs under threat.
Indian conglomerate Lanson Group has announced its entry into the snacks segment with the launch of Popodax, mini ready-to-eat appalams designed to appeal to time-strapped Indian consumer.
Premier Foods reported a 26% increase in its international sales for Q3 2017 – reflecting the ‘strategic benefit’ of its partnerships with Nissin and Mondelez International – but the company’s biggest growth came from non-branded sales, led by mince pies.
The bakery and snacks industries saw a year of significant development beset with scandals, lawsuits and momentous personnel changes, but also crammed with promising deals, innovation and commitments.
Mr Kipling maker Premier Foods has posted a strong performance in the second quarter, partly driven by the licence renewal to produce Cadbury-branded cakes.
The 2017 Food and Drink Federation (FDF) Awards recognized some of the UK’s most outstanding individuals, companies and campaigns, with many winners coming from the bakery and snacks arenas.
Mr Kipling maker Premier Foods’ reported a 3.1% sales dip in 2017 Q1 as warmer weather negatively affected winter favorites like Bisto and Oxo, but this was offset by bigger demand for sweet treats.
Bakers and breakfast cereal manufacturers have been told by the UK government to cut the amount of sugar in their products by 20% over the next four years.
