Premier to exit fresh produce?
- Published: 01 February, 2007
Page 5
Premier Foods is likely to "aggressively pursue an exit" from its unprofitable fresh produce division and extend its Hovis brand into biscuits and breakfast cereals this year, according to analysts at Panmure Gordon.
The report assesses Premier's prospects after its acquisitions of Campbell Soup and RHM. It predicts moves into the chilled aisles for brands such as Ambrosia, Loyd Grossman and Bisto. If Premier, which has just added jam maker Chivers Ireland to its portfolio, is serious about generating three-quarters of its sales from brands, however, it may also consider selling its £200M predominantly own-label canning business, predicted Panmure Gordon.
Find Suppliers, Manufacturers and Ingredients
Get FREE News E-Alerts
Have Your Say
Are retailers and caterers taking longer to pay invoices now than a year ago?
Events Calendar
- 10 - 12 October, 2008
Food for the Brain conference - 13 - 14 October, 2008
Snack food processing and product formulation - 14 October, 2008
The World Turned Upside Down - 15 October, 2008
The Manufacturers Sporting Challenge - 16 October, 2008, 8:30
Wellness Seminar - 16 October, 2008, 9:15
HGCA Grain Market Outlook 2008/2009
