Classic biscuits return: Fazer purchases the Domino, Jaffa and Fanipala brands from Mondelez
Helsinki / FI. (fg) Finland’s Fazer Group purchases the Domino, Jaffa and Fanipala brands. With the acquisition, Fazer strengthens its share in the biscuit market and sees excellent potential in developing the market. Returning the beloved brands to Fazer is part of Fazer’s investments into...
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Ebro Foods: Net profit rises to 43.3 million EUR
Madrid / ES. (epg) Spanish Ebro Foods posted a Q1/2016 net profit of 43.3 million EUR, 43 percent more than in the same period of 2015, pushed up by the positive performance of its core businesses and the extraordinary income generated on the sale of the Puerto Rico rice business...
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Grupo Bimbo: reports first quarter 2016 results
Mexico City / MX. (gb) Grupo Bimbo S.A.B. de C.V. reported its first quarter 2016 results, ended March 31, 2016. Highlights: Net sales rose 13.2 percent reflecting FX rate benefit and solid organic growth in Mexico and Latin America. Gross margin expansion of 110 basis points was driven by...
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CSM: Announces Investments and Changes in Global Footprint to Enhance Capacity, Efficiency and Service
Atlanta / GA. (csm) Over the last year, CSM Bakery Solutions, a company with origins in the Netherlands, has made a number of significant investments in its people and facilities around the world, and there is more to come, according to Robert Sharpe, CSM’s president and CEO. This...
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Mondelez: Reports Q1 Results and Reaffirms 2016 Outlook
Deerfield / IL. (mdlz) Mondelez International reported its first quarter 2016 results, with strong Adjusted Operating Income margin expansion and Adjusted EPS growth on a constant currency basis, as well as solid Organic Net Revenue growth. «We’ve had a good start to the year», said...
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AAK: Interim Report for the First Quarter 2016
Malmo / SE. (aak) Swedish AAK Group (former AarhusKarlshamn AB) announced its interim report for the first quarter 2016 and an all-time high operating profit in Q1/2016. «Based on AAK’s customer value propositions for health and reduced costs, and our customer product co-develop...
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Pinnacle Foods: names CEO and Director of the Board
Parsippany / NJ. (pf) Pinnacle Foods Inc. announced that its Board of Directors has named Mark A. Clouse as the Company’s new Chief Executive Officer, effective May 23, 2016, replacing Bob Gamgort, who is leaving the Company at the end of this month. Clouse will also serve on the...
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Yum! Brands: names President and CFO
Louisville / KY. (yb) Yum! Brands Inc. announced the promotion of David Gibbs, 53, to President and Chief Financial Officer, reporting to Chief Executive Officer, Greg Creed, effective May 02. Gibbs, a 27-year veteran of the Company, previously served as Chief Executive Officer of the global...
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Hershey: Announces Q1/2016 Results, Updates Outlook
Hershey / PA. (thc) The Hershey Company, a global leader in confection, announced sales and earnings for the first quarter ended April 03, 2016. Consolidated net sales were 1’828.8 million USD compared with 1’937.8 million USD for the first quarter of 2015. Reported net income for the...
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J+J Snack Foods: Reports Q2/2016 Sales And Earnings
Pennsauken / NJ. (jj) J+J Snack Foods Corporation, a leading niche snack food and beverage company, announced sales and earnings for the second quarter ended March 26, 2016. Sales increased 2 percent to 229.7 million USD from 225.0 million USD in last year’s second quarter...
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