Hadsfield Bakery, a business in Huddersfield, with 13 locations and 74 employees filed a notice to appoint administrators. The owners are working on a plan to save the business and the shops, and is in talks with banks and lawyers for a possible solution.
J. M. Smucker announced the acquisition of Hostess Brands for USD 5.6 billion, which includes approximately USD 900 million of net debt. Additionally, approximately 3,000 Hostess Brands employees will join J. M. Smucker in conjunction with the transaction.
AIBI announces that its next biennial Congress will be held in Hamburg, Germany, from May 22 to 24, 2024. The details of the program are now being finalized. It is bound to include topics such as sustainability, energy, the workforce in the industry and the role of IT and digitalization in bakery businesses, AIBI anticipates.
As the European Commission lifted the temporary bans on Ukrainian grain, its neighboring countries, Poland, Slovakia and Hungary imposed national-level restrictions of their own. This is an outcome the EC was trying to avoid, Euro News reports. Ukraine has been exporting its grain by land, through the countries around it since the grain deal fell through and it couldn’t use sea transport anymore.
Consumers snack for a variety of reasons. This can range from being a substitute for a skipped meal, needing an energy boost, or for a moment of escapism and comfort. Bakery products are popular among consumers for snacking, with 63% of global consumers turning to biscuits and cookies as their preferred type of snack, according to Kate Kehoe, Marketing Executive, FMCG Gurus.
