Crunch time for Ankerbrot

Article Abstract:

Austrian bakery store chain Ankerbrot, which is 74 percent owned by Muller-Brot of Germany, has held an extraordinary general meeting and asked directors to approve a clause that would exempt the company from Austrian takeover regulations and free any future purchaser from obligations to buy out minority shareholders. Muller-Brot claims it has no plans to dispose of its Ankerbrot holdings, but its financial state is precarious. Investors may be sought to obtain capital for a business overhaul, but Ankerbrot chief executive Otto Mayer is determined to keep trade rivals out of the group. The company is likely to seek financing from banks, prompting intense industry speculation.

Austria, Germany, Organizational history, Management, Ankerbrot, Muller-Brot

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US 'food police' criticise high-fat sweet goods at speciality chains

Article Abstract:

Baked goods at speciality stores in the US contain high levels of calories and fat according to the Centre for Science in the Public Interest (CSPI), a consumer group. Also, typical pastries weigh more than similar supermarket items. However the Retailers's Bakery Association claims that the majority of full service retailers are offering low-fat and reduced sugar sweet goods in smaller portions.

Health aspects, Baked products

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Bimbo axes 102 jobs at two plants

Article Abstract:

Bimbo, the Spanish baked goods producer, has announced that it is to cut 102 jobs at its production facilities in Barcelona and Madrid in order to avoid duplication following the recent acquisition of the Reposteria Martinez group (see Eurofood, 8 April 1999, p11). Martinez has better pastry production facilities at its plants in Burgos and Segovia, making the Bimbo facilities obsolete.

Personnel administration, Spain, Human resource management, Bimbo S.A.

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