Bakery news

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• J.M. Smucker cuts full-year earnings outlook

  22-11-2019 14:45
  
  US food group J.M. Smucker has today (22 November) changed its full-year profit and sales forecasts on the back of its Q2 results.
  
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• US, China reach preliminary trade deal as "phase one" talks advance

  16-12-2019 09:25
  
  Donald Trump has cancelled a new set of US tariffs due to be imposed on Chinese imports after the two parties reached a preliminary trade deal on Friday (13 December).
  
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• Tesco, WWF launch 'green' food metric

  16-12-2019 09:18
  
  Tesco has teamed up with The World Wide Fund for Nature to devise a measure they say will measure the environmental impact "of some of the UK's most popular foods".
  
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• "Get Brexit done"? UK's only just getting started

  13-12-2019 18:25
  
  In so many ways, for all the decisiveness of last night's result in terms of a Conservative victory, a fog of uncertainty still hangs over business, writes Dean Best.
  
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• Cracking China - tapping into UK food companies' experiences in the world's largest import market

  13-12-2019 16:13
  
  China remains a massive draw for food exporters. Andy Coyne sets the scene and rounds up the experiences of UK food businesses targeting the market.
  
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• UK food "congratulates" Johnson but concerned about EU trade deal prospects

  13-12-2019 14:33
  
  The trade body representing food manufacturers in the UK has "congratulated" Boris Johnson for his election victory but has concerns about a prospective trade deal with the EU.
  
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• New products - Beyond Meat takes ground into Canada; Burton's Biscuits Under 100 Cal Club; The Collective rolls out Brekkie split pots; Atlantic Natural Foods plant-based meals

  13-12-2019 12:10
  
  Products that caught the eye this week include Beyond Meat taking its mince alternative into Canada and breakfast yogurt pots from The Collective.
  
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• Big Food's stake in the future - in-house venture-capital funds

  12-12-2019 17:29
  
  Kraft Heinz is the latest food major to have used its in-house venture-capital unit to invest in an up-and-coming firm in a niche area. Here's our guide of notable VC arms.
  
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• Post-Brexit trading for Northern Ireland "still uncertain"

  12-12-2019 12:29
  
  A specialist in the supply chain and logistics area has expressed concern about a lack of clarity surrounding post-Brexit trade between Great Britain and Northern Ireland.
  
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• 2019 - The year in food industry M&A

  11-12-2019 22:00
  
  Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during 2019.
  
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• "Climate neutral" aim as EU unveils European Green Deal

  11-12-2019 18:09
  
  The EU has set a target of net-zero greenhouse-gas emissions by 2050, a goal that will be enshrined in law to be put on the table next March.
  
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• US, Mexico, Canada create long-awaited trade deal to replace NAFTA

  11-12-2019 14:53
  
  The US, Mexico and Canada have finally created a new trade deal to replace the historic North American Free Trade Agreement (NAFTA).
  
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• Biscuit Bouvard acquires stake in Lago Group

  11-12-2019 12:03
  
  France-based Biscuit Bouvard Group has acquired an undisclosed stake in a patisserie products manufacturer located in Italy.
  
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• New Zealand takes fresh aim at single-use plastics

  10-12-2019 14:21
  
  New Zealand is set to introduce a series of measures in a bid to further cut single-use packaging for food and beverage products.
  
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• Premier Foods makes Duncan Leggett permanent CFO as review nears conclusion

  10-12-2019 09:18
  
  Premier Foods has made Duncan Leggett its permanent finance chief as the UK business nears the completion of a strategic review.
  
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• Nestle invests in Mexico venture-capital firm

  09-12-2019 18:28
  
  Nestle has invested in a venture-capital firm based in Mexico backing start-ups operating in the countries of the Pacific Alliance.
  
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• Saudi group Almarai promotes Majed Nofal to CEO

  09-12-2019 14:10
  
  Almarai, the Saudi Arabia-based food manufacturer, has appointed a new CEO, with a company executive promoted to the helm.
  
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• Campbell Soup Co. cuts sales guidance but sees positive developments in soup

  05-12-2019 14:19
  
  Campbell Soup Co. has cut its full-year sales guidance to reflect the recent disposal of the European snacks business.
  
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• US start-up Caulipower features alongside Big Food in product innovation awards

  04-12-2019 12:31
  
  Food industry start-up Caulipower has been included in a list of product innovation winners in the consumer packaged goods space.
  
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• Why food M&A has dried up

  03-12-2019 19:23
  
  Data suggests pressure on deal-making in the packaged food industry in 2019. M&A advisor Stefan Kirk puts forward some possible reasons.
  
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• How should Big Food set up in direct-to-consumer?

  03-12-2019 13:35
  
  How should Big Food companies go about setting up a direct-to-consumer service? Simon Harvey investigates.
  
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• Italian cake maker Bauli takes majority stake in Slovakia's MaxSport

  02-12-2019 17:33
  
  Bauli, an Italy-based manufacturer of traditional sweet-baked products, has sought to diversify by taking a majority stake in a Slovakian sports nutrition firm.
  
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• Hostess Brands to buy Canada cookie maker Voortman

  02-12-2019 14:08
  
  US baked-goods supplier Hostess Brands has entered into an agreement to buy a Canada-based wafer and cookie business for US$320m.
  
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• Dutch government announces support for Nutri-Score

  29-11-2019 20:07
  
  The Netherlands government has expressed support for a nutrition-labelling scheme originating in France after a review of different options.
  
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• Nestle, Danone, Mars among signatories to 4evergreen packaging initiative

  28-11-2019 14:13
  
  Food giants Nestlé, Danone and Mars are among signatories to a new sustainability alliance to promote the use of fibre-based packaging.
  
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• Hostess Brands creates senior strategy role

  26-11-2019 18:03
  
  Hostess Brands has set up a new executive role looking at strategy as the US baked-goods supplier embarks on the "next phase of growth".
  
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• Climate change set to define sustainability agenda in 2020

  26-11-2019 17:39
  
  Ben Cooper looks at how climate concerns will not only top the sustainability agenda in 2020 but pervade many other areas of concern.
  
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• BFree Foods bakery business opens first US office

  26-11-2019 13:26
  
  BFree Foods, an Ireland-based baked products firm operating in the free-from area, has opened its first office in the US.
  
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• New products - Nestle expands A2 range of products in China; Pots & Co ventures into hot puddings; Chobani moves beyond yogurts; Ferrero expands chocolate range

  22-11-2019 14:50
  The products we picked out this week include Chobani expanding its range beyond yogurts in the US and Ferrero entering a new segment in the same market.
  
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• US PE firm Platinum Equity in talks to buy France's Biscuit International

  22-11-2019 12:46
  
  Biscuit International may soon have a new private-equity owner after its current parent, France's Qualium Investissement, entered into talks with a US peer.
  
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