‘Leaner’ Grupo Bimbo reports quarterly loss
Mexican bakery giant Grupo Bimbo reported a massive 87% second-quarter revenue decline after it took a 1,960m pesos ($105m) charge for a voluntary redundancy program to create a ‘lean organization design.’
Archives for July 27, 2018
Results
Truckers' strike in Brazil takes a toll on Mondelēz’s Q2 topline sales
Mondelēz has reported growth across all regions in Q2 ending June 30, although its topline was negatively impacted by the recent truckers' strike in Brazil.
What’s infecting our snacks? FDA commissioner links Salmonella fears to one US whey supplier, warns of more recalls
Kellogg’s, Mondelēz, Pepperidge Farm and Flowers Foods have recently recalled bakery and snack products after a whey powder ingredient supplied by Associated Milk Producers has been suspected to be contaminated with the Salmonella bacteria.