Vion-Quits-UK
Vion’s decision to sell its UK food businesses − raising a question mark about the future of its 13,000 UK employees − was “almost an inevitability,” Julian Wild, food group director at legal firm Rollits, told FoodManufacture.co.uk.
“The Vion businesses in the UK are, essentially, the old Grampian Country Food Group, which was bust when they bought it. So, the businesses was not in brilliant shape when Vion acquired it,” he said.
Shore Capital analysts Clive Black and Darren Shirley said since the acquisition of Grampian, “Vion has consistently appeared to be 'on the back foot', and the announcement [of its decision to sell its UK business] is not a shock although its totality is somewhat surprising.”