Saturday, 28. November 2020
English German

Premier Foods: sells frozen foods, cuts 600 jobs

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.