Konditorei Buys Into Latvian Confectionery

German confectionery company Konditorei Junge has dipped its toe into Latvia's under-strain confectionery industry after taking up a 20% equity stake in Latvian pastry manufacturer Krumina Bekereja. Underlining the sharp deterioration in Latvia's fast-moving consumer goods (FMCG) industry, emphasised by an estimated GDP contraction of 18.4% in 2009, BMI estimates that headline confectionery volume sales dipped by 4.73% year-on-year in

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