Premier

Premier's new partnership with Nissin will boost sales, said the firm

Premier Foods formalises deal with Nissin

By Rick Pendrous

Premier Foods and Nissin Foods Holdings Company have entered into a relationship agreement on terms and conditions, following the announcement by US spices firm McCormick that it was withdrawing its takeover bid for Premier last month.

Premier Foods has fended off a hostile takeover bid from McCormick & Company

Premier Foods fends off hostile takeover bid

By Michael Stones

Premier Foods has fended off a hostile takeover bid from McCormick & Company – because it “significantly undervalues [the manufacturer’s] growth prospects” – and agreed a partnership with Nissin Foods Holdings.

Darby: 'We need to make sure we have the right skills and abilities to drive online'

Premier Foods boss develops c-store, online sales

By Rod Addy

C-stores and online retailers offer Premier Foods considerable growth potential and the maker of Mr Kipling cakes is working on bespoke products for those channels, according to ceo Gavin Darby.

Sources and analysts say Premier wants £100M for its Hovis business

Three buyers in the running for Premier’s Hovis bakery

By Rick Pendrous

Premier Foods’ plans to sell its troubled Hovis plant bakery business should become clearer over the coming months, as news emerged towards the end of last year that a shortlist of three candidates were interested in buying or investing in the business.

Premier Foods could be forced to settle for a joint venture partner for its troubled bread business

Premier Foods ‘may be forced into Hovis joint venture’

By Rick Pendrous

Premier Foods may have to settle for a joint venture (jv) partner for its troubled Hovis bread business if it fails to secure an outright buyer, as it tries to reduce its mountain of debt and avoid the prospects breaching banking covenants.

Rumours suggest Premier Foods might sell Hovis: one of its power brands

Mixed blessings as Hovis strike ends

By Rick Pendrous

Premier Foods’ senior management must have had mixed feelings following the agreement reached with the Bakers, Food and & Allied Workers Union (BFAWU) towards the end of last month.

Less of a pickle: Premier's sale of its Branston sweet pickles business will help to reduce the firm's debt mountain

Premier Foods scales debt mountain with £92.5M Mizkan sale

By Mike Stones

Food manufacturer Premier Foods moved closer to reducing its debt mountain today (October 30) with the confirmation of a conditional agreement to sell its sweet pickles and table sauces business to Mizkan for £92.5M in cash.

Premier Foods' boss Michael Clarke faces a major debt challenge

2013 is the last chance saloon for Premier Foods

By Rick Pendrous

The coming year looks set to be a pivotal one for Premier Foods. City analysts suggest that the UK's largest food producer would need to have turned around its fortunes by 2014 or risk breaching its financial covenants.

Clarke: 'Plans to simplify the business and drive further efficiency and effectiveness are proceeding ahead of plan'

Premier Foods ahead of target to save £40M

By Rick Pendrous

Britain’s biggest food manufacturer Premier Foods expects to achieve efficiency savings of £40M earlier than expected as a result of its restructuring plans, it emerged in its half-year results released today.

Rumours are circulating about the sale of Premier's  Hartley's jams brand to US group Hain Celestial

Premier's future: rumours continue

By Rick Pendrous

Premier Foods continued to hit the headlines over the past month. Rumours of an impending sale of its Hartley's jams brand to US group Hain Celestial for around £200M followed hot on the heels of the announcement that the food group had sold its...

Could Premier's Histon facility – home of Golden Shred – be the next disposal?

Premier Foods: Which brands will be sold next?

By Mike Stones

Premier Foods’ facilities at Histon and Knighton remain “prime candidates” for sale, after the firm’s disposal of its vinegar and sour pickles business based at Middleton, last week to Mizkan for £41M, according to City analyst Panmure Gordon.

Could Premier offer Bright Foods a route for UK expansion after its Weetabix acquisition?

Premier Foods now a target for China’s Bright Foods?

By Anne Bruce

Premier Foods could be targeted lock, stock and barrel by China's acquisitive Bright Foods, analysts have suggested, after the UK’s largest food manufacturer announced it had found a buyer for its vinegars business today (June 15).

Premier's bread division, which includes Hovis, reported a £230M loss last year

Premier Foods shares hit by bread sales decline

By Dan Colombini

Tumbling bread sales in the UK and an over aggressive acquisition strategy from previous management has significantly contributed to Premier Foods’ share price plummeting more than 90% since its purchase of Hovis in 2005.

In the basket: Premier has secured a new deal with its lenders

Premier Foods secures key bank deal

By Dan Colombini

Premier Foods has confirmed that it has secured a new four-and-half-year re-financing package with its lenders that will allow the firm to continue its recovery after a troubled 2011.

Premier is focusing on its Power Brands and looking to make further disposals

More Premier Foods disposals predicted soon

By Dan Colombini

Premier Foods will be keen to make further disposals ahead of any deal with its lenders, according to city analysts, after Manchester jam manufacturer Duerr’s confirmed it was still considering a bid for Hartley’s jam.

Premier is focusing on its Power Brands ahead of any deal with its banks

Premier Foods declines to comment on bank deal

By Dan Colombini

Premier Foods has refused to comment on speculation that it has agreed a new deal with its lenders after the firm’s share price rose 6.5% to 12p yesterday (28 February).

Premier is relying on Power Brands and strong supplier partnerships to navigate its way out of trouble

Premier Foods trusts in Power Brands and partnerships

By Dan Colombini and Mike Stones

As pressure mounts on troubled food giant Premier Foods, the firm clarified its Power Brand strategy based on stronger supplier partnerships and hired the financial services firm PricewaterhouseCoopers to handle crunch talks with its banks.

City: Premier Foods is going ‘absolutely nowhere’

City: Premier Foods is going ‘absolutely nowhere’

By Elaine Watson

Premier Foods will need to turn things around pretty quickly over the coming months or patience in its chief executive could run out, City analysts and corporate finance sources have warned.

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