Mr Kipling manufacturer Premier Foods has quashed rumours that it plans to sell its Batchelors brand to key shareholder Nissin Foods Holdings, after media reports claimed a deal between the two companies was about to be agreed.
Unilever may sell its Flora, Stork and Bertolli brands as part of its comprehensive review, according to reports, prompting the GMB union to urge the manufacturer to avoid a cost-cutting “slash and burn” policy.
Kraft Heinz’s retreat from its £115bn ($143bn) takeover bid for Unilever following a rejection by the Anglo-Dutch food giant and concerns raised by unions about potential job losses in the UK, was one of the biggest news stories to hit the headlines last...
Nissin Foods has acquired a 17.27% shareholding in Premier Foods, after the Mr Kipling manufacturer rejected a hostile takeover bid from McCormick & Company, claiming that it significantly undervalued the firm’s growth prospects.
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.
Quorn Foods is remaining quiet on reports that acquisition firm Nomad Foods and chip giant McCain Foods are preparing takeover bids for the meat-free food manufacturer, as it revealed a 50% boost in production capacity to meet surging export demand.
News that 350 people are to lose their jobs at Uniq’s Minsterley creamery is linked to Greencore’s £113m bid for the chilled foods firm and underlines the need for a ‘Cadbury’s Law’ to protect workers’ interests, argues Unite the Union.