Snacks

Grupo Bimbo Net posted flat sales year-over-year, mainly due to a stronger Mexican peso, volume pressure in North America and weaker consumption in Mexico, offset by sales growth in EAA. Pic: Grupo Bimbo

Grupo Bimbo posts soft sales

By Gill Hyslop

The world’s biggest bread maker reported higher prices and growing revenue headwinds in the US and Mexico contributed to flat net sales for its second quarter ended June 30.

Arnott's has finally found a purchaser. Pic: AFR

Global buyout bigwig wins bidding war for Arnott's

By Gill Hyslop

Campbell Soup has agreed to sell Australia’s biggest biscuits company to voracious US private equity firm Kohlberg Kravis Roberts (KKR) - which purchased RJR Nabisco in 1988 - finally ending an auction process that lasted almost a year.

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