The Mexican corporation – and the world’s biggest bakery company – posted a significant rise in first quarter net profit, but said inflation has hurt profit margins.
Mexican giant Grupo Bimbo has announced it is halting all operations in Russia – including distribution, sales, investment and marketing – in protest of Putin’s war.
Following the seizure of some of its cereals in Mexico over alleged contravention of the country's marketing laws, Kellogg’s told BakeryandSnacks it is still committed to wholesome, affordable food for Mexican consumers – no matter what age.
Mexican officials have seized 380,000 boxes of Kellogg’s cereals that feature cartoon mascots, which are in violation of recent laws preventing the marketing of allegedly ‘unhealthy’ products to children.
The Frito-Lay maker is investing 20 million pesos (almost $1m) to introduce regenerative agriculture practices across more than 12,000 hectares of land in Mexico.
At the beginning of this unprecedented health crisis, Grupo Bimbo set up the ‘Bimbo Contigo’ (Bimbo With You) initiative to assist those affected by the pandemic, including a 270 million pesos (US$11.32m) pledge to support Mexico’s health sector and other...
Salarius – creator of a proprietary salt that reduces sodium content without compromising its ‘saltiness’ – has welcomed the Mexican government’s approval of the nutrition labelling regulation, which warns consumers of high levels of sodium, caloric content,...
For the sixth consecutive year, baked-goods company Grupo Bimbo topped the Merco ranking of companies with the best corporate responsibility and governance practices in Mexico.
Mexico has increased its wheat production by 63% in the past year thanks to a "price guarantee program," which has subsidized several agricultural commodities to better support Mexican farmers.
The Changing Markets Foundation is taking its objections up a notch to the alleged removal of essential vitamins and minerals in Kellogg’s breakfast cereals sold in Mexico.
Mexico’s Grupo Bimbo began as a humble family store in 1945, growing into the largest baking company in the world and a relevant player in snacks, with net sales of $14.2bn in 2017.
Three consumer watchdogs contend that Kellogg’s has allegedly removed essential micronutrients in its breakfast cereals sold in Mexico, despite 1.6 million children in the country suffering from chronic malnutrition.
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.’
Bakery giant Bimbo Colombia has officially opened its second multi-million bakery facility with four production lines in Tenjo, about 20 miles outside of Bogotá.
The Mexican bread giant’s US subsidiary, Wholesome Harvest Baking, is investing $22.1m in its Roanoke, Virginia, factory to install a new production line for its artisanal bread range.
Mexican tortilla and corn flour supplier Gruma – owner of brands including Mission and Guerrero – says US snacks manufacturers are showing a growing appetite for its corn flour.
Grupo Bimbo says it now has a major opportunity to boost the efficiency and productivity of its US and Canada business after concluding restructuring work.
Increased marketing investment and more effective promotional activity has helped drive a 21% year-on-year hike in net sales of Grupo Bimbo’s North American business.
Snack industry veteran Jose Luis Prado - former boss of Quaker Oats North America - has partnered with private equity firm Wind Point Partners to acquire pork rind snacks supplier Evans Food Group.
Treofan has spent €60m in the past two years upgrading its plants in Germany, Italy and Mexico. It also has a sales office in Winston-Salem, North Carolina, US.
Grupo Bimbo doubled its net profit for 2013 and totted up its highest ever EBIDTA – improvements that defined what its CEO described as a ‘pivotal’ year.
Thanks to affordable manufacturing labor and increased demand for Latin-flavored foods, Mexico is becoming an attractive locale for processing and packaging firms.
Grupo Bimbo hopes to boost Mexican business thanks to an agreement with Visa via its technology subsidiary that enables small Mexican retailers to accept electronic card payments.
Grupo Bimbo will pump 20 million pesos ($1.5m) into a new eco-friendly distribution center in Mexico City as part of its drive towards a fully sustainable supply chain.
Grupo Bimbo’s CEO Daniel Servitje is a true global leader who has shaped his business into the largest bakery in the world, says the director of the Executives’ Club of Chicago.
There are tremendous opportunities for Hispanic snacks that target non-Hispanic consumers, but products must be spicy and authentic, according to a marketing expert.
High raw material prices and costly integration of Sara Lee operations led to a sharp net profit slump for Mexican bread titan Grupo Bimbo in the third quarter (Q3).
Researchers at Brigham University have completed a project to fortify tortillas with vitamins and minerals, in an effort to help improve the dietary deficiencies of Mexicans.
Austrian-based packaging giant the Frantschach Group has completed
yet another acquisition, this time in Mexico. The company has
acquired the sack business of paper and packaging group Copamex for
a total of $52 million, in a deal...
Coca-Cola and its bottlers in Mexico have taken a legal battle over
their marketing and sales practices to the country's federal
courts, hoping to overturn a ruling earlier this year from
regulators.
Mexico's largest beverage bottling company, Bepensa, has got the
thumbs up from analysts following an improvement in market
conditions and its business position.
![The US retail pork rind market is worth $327m [IRI]. Photo: iStock - Teen00000](/var/wrbm_gb_food_pharma/storage/images/_aliases/news_teaser_medium/7/8/0/5/1295087-1-eng-GB/Wind-Point-and-former-PepsiCo-chief-partner-for-Evans-Food-Group-deal.jpg)
