Emerging Markets

Forty

Rising start-ups selected for SIAL contest

By Jim Cornall

More than 70 rising start-ups entered projects to the SIAL international jury to be presented at the Rising Start-ups area of the Future Lab section at the SIAL food event to be held in October in Paris.

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.’

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