Utrecht / NL. (gem) Private equity firm Gilde has reached in principle agreement on the acquisition of caramel waffles and caramel biscuits bakery Van der Breggen BV in Tilurg, Netherlands. The intended acquisition will result in a joining of forces between Van der Breggen and Bakkersland Banket, a company recently acquired by Gilde.
London / UK. (rgf) The Real Good Food Company PLC, which owns Hayden´s Bakeries in Devizes (Wiltshire), has announced that it is confident that current market expectations for full year profits will be met. In a six month trading statement to June 30th, the company said that sales in its bakery ingredients division had been slow, albeit in a traditionally quiet trading period and were «slightly down» on the previous year.
Jilin / CN. (bw) China Organic Agriculture (COA) is among the largest producers of organic rice in People´s Republic of China commanding a 40 percent market share. COA controls all aspects of the process from seeds to planting and processing, R+D and sales. The proprietary processing factory is 20.000 square meters and has an annual production capacity of 30.000 tons.
New Delhi / IN. (wib) India´s economy is growing as fast as China´s and therefore not to be underestimated. In the news we often read about the People´s Republic of China and Southeast Asia – Reports about the economic growth of the sub continent are amazingly reserved against that.
Tel Aviv / IL. (jp) According to «Jerusalem Post», the Israeli Knesset Economic Affairs Committee ordered bakeries to temporarily begin producing price controlled bread and called upon the government to form a special committee to investigate and settle the matter of government controlled bread prices.
Austin / TX. (ssc) Sandwich chain Schlotzsky´s Ltd. – subsidiary of Atlanta based franchisor Focus Brands Inc. – wants to open ten locations in the Nashville area within the next five years. The Nashville expansion is part of a national growth strategy that calls for opening 50 restaurants per year, according to a release.
Harare / ZW. (wib) It´s reported that over 1.300 shop owners and business managers have been arrested in a bizarre attempt by Robert Mugabe´s regime to enforce price controls in the country. State media reports say most of those arrested have been fined, while 33 company executives picked up Friday appeared in court Monday.
London / UK. (pf) Premier Foods PLC reported that it was selling off its frozen foods business as it revealed that comparative sales during the first six months of the year are expected to dip, hit by competition for bread and rising wheat prices. The company is understood to already in talks with parties about buying its frozen foods group, acquired with the 1,2 billion GBP purchase of RHM PLC in December 2006 («Hovis», «Mr. Kipling», «Bisto» …), which generates annual sales of 50 million GBP.
Harare / ZW. (wib) Police arrested 16 more business leaders in a crackdown on those suspected of violating the government´s order to slash prices by 50 percent, the official media reported this days. The mandated price cuts are a desperate attempt to confront inflation that has spun out of control during Zimbabwe´s economic crisis.
London / UK. (wib) Sandwich chain Pret a Manger Limited plans to appoint bankers this autumn for a 500 to 700 million GBP initial public offering (IPO), The British Sunday Express reports citing an unnamed source. The paper added that Pret advisor NM Rothschild has told private equity firms that the chain could also be sold.