Grupo Bimbo’s net sales reached a record level of Ps. 399,879 million last year, an increase of 11.4%, according to its Q4 and 2023 report. “In 2023, we witnessed a record-breaking year in several metrics including our Capex investments, marked by outstanding performance despite challenges in certain markets. We remain committed to investing in our business, actively seeking efficiencies and exploring transformational opportunities throughout the supply chain across all the markets we operate,” said Daniel Servitje, Chairman and CEO.
Starbucks announced new members were elected to its Board of Directors: Daniel Servitje – CEO and Chairman of Grupo Bimbo, Neal Mohan – YouTube CEO, and Mike Sievert – President and Director at T-Mobile US. Servitje has served as CEO of Grupo Bimbo since 1997 and as Chairman since 2013.
Sarah Boddy is the new managing director of St Pierre Groupe, after previously being in charge of the commercial direction and strategy of the US and UK business. She succeeds David Wagstaff, who became managing director after St Pierre’s acquisition by Grupo Bimbo at the end of 2022.
Grupo Bimbo is moving towards net zero carbon emissions, with 92% of its electricity now coming from renewable sources such as the sun and wind, the company highlighted at its internal Global Sustainability Summit held in Mexico.
Grupo Bimbo’s net sales in Q3 – 2023 reached a record level excluding FX rate impact, growing 8.2% due to favorable price/mix across regions, according to its results for the three months ending on September 30, 2023. Its adjusted EBITDA reached historic levels, Bimbo reports: excluding FX rate impact, it increased by 9.5% and the margin expanded 50 basis points, reaching 14.6%.
Thomas’, a Bimbo Bakeries brand producing grocery store English muffins and bagels in the U.S., expanded its breakfast portfolio with the launch of its new Croissant Bread. It has the flaky delicate layers of a croissant baked into a loaf, which is sliced for convenience.
Grupo Bimbo is listed for the first time in TIME magazine’s ‘World’s Best Companies’. The ranking is established together with market research specialist Statista. According to the research, Grupo Bimbo is the highest-ranked Mexican company in the publication.
David Wagstaff, the managing director of St Pierre Groupe, discusses how the cost-of-living crisis is impacting the industry. He also…
Grupo Bimbo’s net sales reached a record level for a second quarter at Ps. 100,366 million, a 4.1% increase. The adjusted EBITDA rose by 7.8%. In Q2, the company acquired National Choice Bakery, a US-based bagel producer.
Zero Carb Company, a gluten-free, zero-carb bread startup company, announced a partnership with
Grupo Bimbo, active in more than 34 different countries. Zero Carb Company spent five years in R&D for a tasty, gluten-free, carbohydrate-free bread range.