Baking & Snacks – LATEST NEWS
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Post Holdings to fully acquire 8th Avenue for US$880M
The transaction is expected to close on July 1.
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WHO recognizes four countries for impressive trans fat elimination policies
Since WHO’s call in 2018 to eliminate trans fats, the number of countries implementing best-practice policies has expanded from 11, covering 6% of the global population, to nearly 60 countries encompassing 46%. The next validation cycle will accept applications until August 31, 2025.
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Geary’s Bakery opens new US$48M sourdough facility
This expansion represents a significant step in Geary’s long-term growth strategy as both its branded and own-label operations continue to scale.
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Tiger Brands’ share price soars to 7-year high
Tiger Brands attributed this growth to its continued focus on delivering value for consumers, executing key strategic priorities, and enhancing efficiency through logistics optimization and value engineering.
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Campbell’s snack segment declines by 8% due to increased at-home cooking
The company highlighted that cracker sales were particularly affected by diminished consumer interest, and it plans to reinvigorate its Goldfish brand through increased marketing efforts and promotional activities ahead of the back-to-school season.