Mondelēz International terms this appointment as a strategic leadership change as it will reinforce its long term commitment to the Kingdom and support growth across retail and foodservice channels.
While the pasta unit has been profitable and has benefited from recent capital investment, Cerealto indicated that the business would be better positioned under a dedicated pasta operator.
The branch offers a practical shopping experience focused on convenience and ease, combining fresh daily products and freshly baked goods with ready-to-eat and ready-to-cook options to support everyday needs.
The new state-of-the-art plant marks a significant expansion of the company’s manufacturing footprint in India and reinforces its long-term commitment to serving the fast-growing food and bakery sector.
Flowers Foods reported a mixed set of operating improvements, offset by a material non cash charge, resulting in a net loss for the period.