Emerging Markets

Grupo Bimbo has successfully completed it voluntary redundancy program in an effort to create a leaner organization. Pic: Grupo Bimbo

‘Leaner’ Grupo Bimbo reports quarterly loss

By Gill Hyslop

Mexican bakery giant Grupo Bimbo reported a massive 87% second-quarter revenue decline after it took a 1,960m pesos ($105m) charge for a voluntary redundancy program to create a ‘lean organization design.’

Indian biscuits and cake maker Anmol Industries has filed for an initial public offering. Pic: Anmol

Indian biscuit giant Anmol Industries files for IPO

By Gill Hyslop

Anmol Industries - a branded packaged food company focussing on biscuits and cakes - has filed draft papers with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).

A bread shortage would result in millions of Zimbabweans going without a basic staple. Pic: ©GettyImages/Golden_Brown

Zimbabwe could face a bread shortage

By Gill Hyslop

The Grain Millers Association of Zimbabwe spokesman Garikai Chaunza said the country had a week’s supply of wheat left, which means millions of Zimbabweans could be left without the daily staple.