News for the baking industry
Ottawa / CA. (mi) As food prices continue to rise at an accelerated rate, new research from Mintel market research reveals that consumers firmly place the blame in the hands of food retailers and producers. A staggering 83 percent of Canadian shoppers say grocers and food producers are…
Franklin / TN. (cke) CKE Restaurants Holdings Inc., parent company of «Carl’s Jr.» and «Hardee’s», announced the appointment of Max Wetzel as Chief Executive Officer, effective immediately. Wetzel succeeds Ned Lyerly. Wetzel brings extensive experience in franchising, restaurants…
Malmö / SE. (oat) Sweden’s Oatly Group AB, the world’s original and largest oat drink company, today announced financial results for the fourth quarter and twelve months ended December 31, 2022. Toni Petersson, Oatly’s CEO, commented, «I am proud of what the team accomplished…
Helsinki / FI. (fg) Fazer Bakery Finland is planning to build a new, energy-efficient bread line in the Lahti bakery. With the investment, Fazer would develop its baking capabilities and improve energy efficiency. As a result of the planned changes, the number of production lines in Lahti would…
Montevideo / UY. (arc) Arcos Dorados Holdings Inc., Latin America’s largest restaurant chain and the world’s largest independent McDonald’s franchisee, reported unaudited results for the three months ended December 31, 2022, and audited results for the twelve months ended…
Battle Creek / MG. (kc) Kellogg Company unveiled the names for the future companies it will create through its planned separation into two industry-leading, public companies focused on global snacking and North American cereal. The names will go into effect in connection with the spin…
Tel Aviv / IL. (rm) Trigo, an Israel-based computer vision company building the infrastructure for autonomous checkout and retail analytics, and German grocery giant Rewe Group, have opened Germany’s largest hybrid-autonomous supermarket, where customers have the…
Helsinki / FI. (fg) Fazer Bakery Finland’s shop-in-shop business has grown rapidly recently. Currently, there are 131 shop-in-shop bakeries, the group reports – in view of a population density of 16 inhabitants per square kilometer and 5.5 million countrymen in total, and competition that never…
Munich / DE. (bag) Germany’s BayWa AG closed the financial year 2022 by setting new records in revenues and earnings. In doing so, the company continued the outstanding business performance that had already been indicated over the course of the year and successfully built on the growth…
Wien / AT. (ab) In the first three quarters of the 2022|23 financial year (the nine months ended 30 November 2022), Austria’s Agrana Beteiligungs-AG, the fruit, starch and sugar group, recorded revenue of EUR 2,742.5 million, an increase of 26.4 percent compared to the year-earlier period (Q1-Q3 prior…
