News for the baking industry
Oslo / NO. (ok) Orkla’s operating revenues rose 4 percent in the second quarter, to NOK 9’771 million. The Branded Consumer Goods business delivered organic growth for the 13th consecutive quarter. Orkla achieved organic growth of 0.7 percent this quarter, despite the negative effect of the…
Helsinki / FI. (fg) Finland’s Fazer Group promotes renewal within the food industry and invites players in the field to build a future innovation ecosystem. Cooperation between start-ups, investors, researchers and big organisations creates new growth opportunities for the entire food industry.
London / UK. (npd) According to new research from global information company The NPD Group, the British Out of Home (OOH) foodservice market has slowed since the June 2016 Brexit referendum result. While visits after the referendum (10-month period July 2016 to April 2017) were still…
Minneapolis / MN. (gm) General Mills executives updated investors and analysts on its global priorities for fiscal 2018 at the company’s annual Investor Day event at the New York Stock Exchange. General Mills CEO Jeff Harmening, who transitioned to the role June 01, said the company remains…
Stockholm / SE. (cab) Swedish Cloetta AB, a leading confectionery company in the Nordic region, the Netherlands and Italy, announced its financial results for the second quarter of 2017. «The quarter was challenging both in terms of sales and operating profit and going forward we need to focus even…
Chicago / IL. (tni) The consumer is bound to be the inevitable winner in Amazon’s recently announced deal to acquire Whole Foods. More importantly, integrating the two operations will not be easy at the outset. This new union also tells a tale of colliding missions. Amazon’s long-stated mission is to…
Purchase / NY. (pci) PepsiCo Inc. reported results for the second quarter 2017. «Our results for the second quarter were very much in line with our expectations and we remain on track to meet our 2017 financial goals. The power and durability of our brand and product portfolios, strong marketplace…
Chicago / IL. (mi) Whether it’s gelato, sundaes or the more traditional «Mr. Whippy», ice cream in all varieties has remained popular ever since Ancient Greece. And while sales of ice cream have largely been dominated by Western markets in recent years, it seems that rising sales of this dessert…
Madrid / ES. (ce) Cerealto has completed the purchase of the Pastificio Mediterranea, its pasta factory located in Silvano D’Orba (Alessandria), 30 kilometres from Genoa in Italy, now that the Concordato de Alessandria has given its approval for the deal which was submitted to public tender. Cerealto has…
Deerfield / IL. (mdlz) Mondelez International provided an update to its prior disclosure on the June 27th global cyber-attack that impacted our business. We are pleased that we are making good progress in restoring our systems across the enterprise. Since the time of the incident, our teams…
