Premier Foods will continue to develop its Power Brands and deliver a further £10M of cost savings this year, according to a statement accompanying its half-year results posted today (July 23).
Britain’s biggest food manufacturer Premier Foods could be forced to compromise its recovery plan by selling key power brands to boost its troubled balanced sheet, according to a leading City analyst.
Britain’s biggest food manufacturer Premier Foods has appointed Geoff Eaton, formerly ceo of Uniq, as chief operating officer and executive director to “accelerate transformation” within the debt-laden giant.
Premier Foods is winning back City analysts' support under the direction of chief executive Michael Clarke, whose restructuring plans have restored their confidence.
The UK’s largest food producer Premier Foods posted sales up 1.3% to £427M in the first three months of this year but left city analysts questioning its margin performance.
