Grand Met European profits set to double after restructuring
Article Abstract:
Grand Met Foods Europe (GMFE) is recovering following its three year restructuring programme, and profits are predicted to double in 1995. Director general Bob Lowes, who took control in February 1994, is chiefly responsible for the recovery. He is to become head of subsidiary Burger King and will be replaced by Jean d'Amecourt. The Haagen-Dazs ice cream business performed badly and will now concentrate on developing the UK, French and Spanish markets.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
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Dalgety held back by petfood acquisition
Article Abstract:
Dalgety of the UK, a food ingredients group, has reported a fall in pre tax profit of 22% to 93.7 million pounds sterling for the year to June 1995. The fall is attributed to costs of acquiring Quaker European Petfoods and reorganisation costs. The company's existing spillers business has been boosted by the acqusition of Quaker and that of Nido and Pet-Bon in Spain.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
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ASDA continues miraculous recovery with 35% profit rise
Article Abstract:
ASDA of the UK, a food retailer, has reported pre tax profits up 35% to 246.3 million pounds sterling following its three year restructuring programme. Total sales rose by 7.5% in 1994 to 5.68 billion pounds sterling. The company was close to collapse in 1991 but has now overtaken Safeway, becoming the third largest marketer of packaged groceries.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
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