Premier Foods to focus on reducing net debt

Premier Foods to focus on reducing net debt

Mr Kipling owner Premier Foods posted its preliminary results ending 30th March 2019, which revealed a £42.7m statutory loss and a net debt of £469.9 million. Results show a trading profit growth of 4.5% to £128.5m, and profit before tax up 12.1% to £88 million. It...
CEO to step down as Premier Foods plans for Brexit

CEO to step down as Premier Foods plans for Brexit

Premier Foods, which owns Bisto, Oxo and Mr Kipling, amongst other major food brands, has announced a new strategic initiative to deal with Brexit fears. It has also confirmed the pending departure of CEO Gavin Darby. In a statement, the company has said it intends to...
Mr Kipling distribution site to close

Mr Kipling distribution site to close

XPO Logistics has put proposals forward to close the Rugby site distributing Mr Kipling cakes, which it took over from Premier Foods last year. XPO has entered into a consultation period with employees, the trade union and elected representatives to finalise the...