Hints and tips:
...The trade group, which counts Krispy Kreme, Bimbo Bakeries USA and Pepperidge Farm as members, recently met officials at the US Environmental Protection Agency to urge lower federal mandates for biofuels...
...In his eulogy for Barnes, Jim Nolan, another PepsiCo colleague who is now at Bimbo Bakeries USA, describes a work celebration with spouses....
...Grupo Bimbo runs 89 production plants north of the US border. Recent additions to the group’s portfolio include Canada Bread and Sara Lee’s North American bakery business....
...As the company says on its website, the Bimbo name has played second-fiddle to better-known US brands in its stable: “Not everyone is familiar with the Bimbo Bakeries USA name....
...This followed its acquisition of Rudi’s Organic Bakery, a Colorado-based producer of gluten-free products. WhiteWave Foods, based in Denver, has followed a similar strategy....
...Mexico’s economy is geared to its neighbour, even though investors pay up for the privilege: Grupo Bimbo, a bakery group, is on a forward P/E ratio of 22....
...“And here we are four or five months down the track and it’s the number one item in the bakery department.” Additional reporting by Barney Jopson...
...Mexico’s Grupo Bimbo beat Flowers out at auction for the Beefsteak bread brand with a winning bid of $31.9m. Most of the deals include bakeries, equipment and depots....
...A spokeswoman for the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union was not available for comment....
...Mr Rayburn said the wind down would mean the closure of 33 bakeries, 565 distribution centres, 5,500 delivery routes and 570 bakery outlet stores....
...The company emerged from its previous bankruptcy in 2009, but said that its cost structure was not suited to deal with the economic downturn and increased competition amid a consolidating bakery industry...
...It also recently sold its Fresh Bakery business to Grupo Bimbo and divested its Spanish bakery and French refrigerated dough business....
...Meanwhile the company has announced plans to divest its Spanish bakery and French refrigerated dough businesses and it said the sale of its North American Fresh Bakery to Grupo Bimbo was expected to close...
...Sara Lee , the consumer goods company, added 2.8 per cent to $15.21 after it sold its bakery business to Mexican company, Grupo Bimbo for $959m....
...Mexico’s Grupo Bimbo is the world’s third-largest bakery, behind Japanese-based Yamazaki Baking and US-based Nabisco, part of Kraft....
...Cargill, the US-based agri-business company, sells commodity swaps to hedge funds and pension funds as well as commercial hedgers such as bakeries and oil distributors, according to company documents....
...“Today, for the first time in a long time, we are seeing brands being assaulted by trends,” says Pat Conroy, leader of Deloitte & Touche USA’s consumer products practice....
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