George Weston Ltd has entered into a definitive agreement to sell its Weston Foods ambient bakery business for C$370m ($296 million) to Hearthside Food Solutions, which follows the sale of its fresh and frozen bakery business to FGF Brands for $1.2bn...
Canadian bakery owner George Weston and retailer Loblaw have avoided criminal prosecution by immediately reporting anti-competitive activity to the Competition Bureau.
Hurt by rising operating costs and a shift in consumer taste
against traditional white flour based products, Canadian food giant
George Weston has embarked on a search for better margins in
premium bakery products.
The Australian competition watchdog accuses biscuit, bread and
cake-maker George Weston Foods, and one of its former senior
executives, of fixing the price of flour.