Companies / United Kingdom
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Premier Foods Moves Away From Private Labels
May 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Premier Foods, owner of some of the UK's best known food brands, has put its French bakery business Sofrapain up for sale according to press reports. The move comes just weeks after the firm revealed it was looking to sell two of its private label subsidiaries in the UK, and these developments fit with the firms stated objective of reducing its dependence on private label products. However, this spate of sales may increase speculation that the firm is struggling to service its massive debts and continue the downward pressure on the firm's share