Greencore Poised to Acquire Bakkavor in £1.2 Billion Transaction
The two boards of Greencore and Bakkavor have reached an agreement on the essential financial terms of a transformative deal, proposing the formation of a...
Tag : business news
HUL Appoints Rajneet Kohli as New Head of Food Division
Hindustan Unilever (HUL), a leading player in the Indian FMCG sector, has appointed Rajneet Kohli as the new executive director of its foods business, effective...
Astral Foods Alerts Investors to Profit Decline Following Cybersecurity Breach
South African poultry producer Astral Foods has issued a profit warning, predicting a substantial decline in half-year profits due to various challenges, including a recent...
Greencore Returns with Enhanced Offer for Bakkavor
Ireland-based food supplier Greencore has reportedly made an improved offer in its endeavor to acquire UK peer Bakkavor. According to news agency Bloomberg, citing “people...
Premium Brands Secures Another Acquisition as It Targets an Additional C$1 Billion
Premium Brands Holdings aims to add almost C$1 billion ($698.4 million) to its revenue as the Canadian food manufacturing giant announces yet another acquisition. Recently,...
Guinness Parent Company Names New Managing Director for Great Britain
Barry O’Sullivan, who has held the position of managing director and chair of Diageo Ireland since April 2021, is set to transition to a new...
PepsiCo Unveils $1.95 Billion Acquisition of Prebiotic Soda Brand
Based in Texas, Poppi has carved out a unique niche in the rapidly expanding functional drinks sector. The company offers a diverse range of 14...
Bakkavor Rejects £1.14bn Bid from Greencore
Recently, a statement from the London Stock Exchange disclosed that Bakkavor declined an initial acquisition offer on 27 February. The company further rejected a revised...
Coca-Cola Ireland and Northern Ireland Finalize Acquisition of BDS Vending
The acquisition deal, first announced in February 2024, underwent investigation by the Competition and Consumer Protection Commission in the Republic of Ireland. However, it received...
Ex-Krispy Kreme and Ferrero Executive Joins Wagamama
Emma Colquhoun has announced her departure from Krispy Kreme in December 2024 after nearly seven years with the esteemed doughnut manufacturer. She will assume her...