The struggling retail cupcake chain Crumbs Bake Shop closed its doors for good this week as it mulls filing for bankruptcy. Analysts from market research firm NPD Group weigh in on what went wrong, and whether this signals the end of the cupcake’s reign.
Declining volumes in the $9.51bn US cereals market can be blamed on “cyclical not structural” issues, and do not mean the category has peaked and will carry on going backwards, says Cheerios-maker General Mills.
Elopak announced that an overhaul of its European organisation has been fuelled by the need to adapt to the current economic crisis and an industry landscape transformed by consolidation and M&A activity.
Huhtamaki said its decision to reveal for the first time in 2010 a definite forecast for its full year EBIT did not signal a huge jump in its operating profits or a change in the overall economic environment.