Premier Foods to focus on reducing net debt

Premier Foods to focus on reducing net debt

May 17, 2019 | Confectionery, News, Retailing

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...
Premier Foods halts plan to sell Ambrosia

Premier Foods halts plan to sell Ambrosia

Feb 18, 2019 | News, Retailing

Premier Foods strategy to sell its Ambrosia custard division has been cancelled following the departure of chief executive Gavin Darby in January, who launched the disposal process. Gavin Darby put Ambrosia on the market last November, allegedly following pressure...
CEO to step down as Premier Foods plans for Brexit

CEO to step down as Premier Foods plans for Brexit

Nov 14, 2018 | Brexit, News, Retailing

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...
Food companies share gender pay gap data

Food companies share gender pay gap data

Mar 5, 2018 | News

Food manufacturers and retailers have submitted their pay information to the Government, revealing that some are paying female staff less than male employees. With just one month to go before the Government’s deadline requiring all companies with 250 or more staff to...
Mr Kipling distribution site to close

Mr Kipling distribution site to close

Feb 28, 2018 | News

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...