News for the baking industry
Chicago / IL. (mdc) McDonald’s Corporation announced results for the third quarter ended September 30, 2020. «Our third quarter performance demonstrates the underlying resilience of the McDonald’s brand. Our unique strengths, including our unrivaled drive-thru…
Ann Arbor / MG. (dp) Domino’s Pizza Inc., the largest pizza company in the world based on global retail sales, announced results for the third quarter. Global retail sales increased 14.4 percent in the third quarter, or 14.8 percent excluding foreign currency impact. U.S. same store sales…
Zurich / CH. (aag) Swiss-Irish Aryzta AG announced its financial results for the year ended 31 July (FY-2020). Reflecting the impact of Covid-19 pandemic, Group organic revenue declined by -11.6 percent; total revenue declined by -13.4 percent to EUR 2,931 million. Commenting on…
London / UK. (iil) An investment subsidiary of Investindustrial VII L.P. has signed an agreement to acquire the CSM Ingredients business, the carve-out of a division of CSM Bakery Solutions and its subsidiaries, a supplier of bakery solutions held…
Malmo / SE. (aak) Swedish AAK Group (former AarhusKarlshamn AB) expects to report an operating profit for the third quarter 2020 that is slightly higher than the corresponding quarter last year, well above what was expected at the beginning of the third quarter, and higher than…
Stockholm / SE. (eqt) Chr. Hansen Holding A/S and EQT Holding AB – the EQT IX fund – announced that EQT has agreed to acquire the Natural Colors Division, a subsidiary of Chr. Hansen, the global bioscience leader and developer of natural solutions for food, nutritional, pharmaceutical…
Minneapolis / MN. (gm) General Mills Inc. reported results for the first quarter ended August 30, 2020. «We continued to drive exceptional results this quarter, highlighted by broad-based market share gains amid elevated at-home food demand due to the Covid-19 pandemic,» said Chairman and…
Los Angeles / CA. (cpk) California Pizza Kitchen (CPK) announced the openings of restaurants in three global markets: Manila, Philippines; Daegu, South Korea and Salt Lake City. The opening of these new franchise locations marks the beginning of CPK’s emergence from its restructuring…
Dubai / UAE. (dgc) The Investment Corporation of Dubai (ICD), in partnership with Dubai South, announced the launch of Dubai Global Connect (DGC), a 1 million square meter B2B wholesale market in Dubai which will bring together buyers and sellers to safely and easily trade great goods…
Pittsburgh / Chicago. (khc) The Kraft Heinz Company announced that it has entered into a definitive agreement to sell its Natural, Grated, Cultured and Specialty cheese businesses to a U.S. affiliate of Groupe Lactalis for a purchase price of USD 3.2 billion USD. The proposed transaction…
