Argentina: General Mills sells Delicity bakery chain

Buenos Aires / AR. (gm) General Mills Inc. announced that it is selling its chain of Delicity bakeries in Argentina in order to focus on growing its core brands and foodservice businesses. The sale transfers the ownership of Delicity to Tentissimo Group, an Argentinian business that owns a chain of Tentissimo restaurants throughout the country. The sale includes the Delicity brands, five Delicity shops that were owned by General Mills, and franchiser rights. Franchisees are operating 54 other Delicity shops in Argentina.

Virtually all jobs associated with the operation of the Delicity shops were transferred to Tentissimo Group, effective August 20. «This sale will allow us to focus more on growing our core businesses to better serve our Argentine consumers», said Alex Viloria, managing director of General Mills Argentina. These businesses include Nature Valley granola bars, La Salteña pasta and tapas products, Häagen-Dazs ice cream and foodservice offerings to hotels, restaurants and other foodservice operations throughout the country. As part of the sales agreement, General Mills will continue to supply dough products to Delicity shops.

First introduced in 1986, Delicity revolutionized bakeries with its «hot and always hot» concept that offers consumers freshly baked goods while they wait. Its products include croissants, pastries, bars, cookies, alfajores, empanadas and a wide range of other baked goods. With nearly 60 shops, Delicity is one of the premier artisan bakery chains in Argentina. General Mills acquired Delicity with its acquisition of the Pillsbury Company in 2001.

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