Skip to content
Search
AI Powered
Human content, AI powered search.
Latest Stories

2 Sisters sells European poultry arm to Boparan Private Office

2 Sisters sells European poultry arm to Boparan Private Office
2 Sisters Food Group
Kiran Paul
By Kiran PaulSep 09, 2024
Kiran Paul
See Full Bio

Poultry giant Ranjit Singh Boparan’s private office will take over Boparan Holdings Limited’s European Poultry business in a deal worth more than €200 million.

Boparan said the transaction will benefit both Boparan Holdings, which owns 2 Sisters Food Group, and the Boparan Private Office as it creates a “stronger, more agile group of businesses” and provides a platform for an “unprecedented level of internal investment”.

The deal is expected to strengthen 2 Sisters Food Group’s balance sheet, enabling it to reduce debt levels to the lowest point in over a decade. It also activates plans for its ‘next generation’ investment programme.

The European poultry business, under the Boparan Private Office, will now have a dedicated regional focus on its European markets. The business joins Bernard Matthews, Banham Poultry and Elkes Biscuits in the private office, along with Boparan’s portfolio of restaurant businesses.

The deal is subject to Polish anti-trust approval with an anticipated completion date later this month.

boparan holdings limitedranjit singh boparan

Related News

Vapes Bars unveils nicotine salt range Angel Salts
Product News

Vapes Bars unveils nicotine salt range Angel Salts

Plant-based ready meal
Industry News

Plant-based ready meal brand on brink of collapse

More for you

sottish retail-wholesale

Scottish retail-wholesale figure celebrated at University of Stirling graduation

Entrepreneur and businessperson Stanley Morrice, an influential figure in the retail and wholesale sectors, received an Honorary Doctorate from the University of Stirling at Stirling’s winter graduation held today (22).

Stanley, from Fraserburgh, is being recognised for his services to Scottish food, drink and agriculture. He entered the sector as a school leaver. In 1993, he joined Aberdeen-based convenience stores Aberness Foods, which traded as Mace. He rose to become Sales Director, boosting income by 50 per cent and tripling profits, and went on to be Managing Director, successfully leading the business through a strategic sale to supermarket group Somerfield.

Keep ReadingShow less
consumer cheer
iStock image
iStock image

Consumers cheer up as Budget nerves lift: GfK

British consumers have turned less pessimistic following the government's first budget and the US presidential election and they are showing more appetite for spending in the run-up to Christmas, according to a new survey.

The GfK Consumer Confidence Index, the longest-running measure of British consumer sentiment, rose to -18 in November, its highest since August and up from -21 in October which was its lowest since March.

Keep ReadingShow less
Retail Sales
Photo: iStock

Retail sales take bigger-than-expected hit in October

British retail sales fell by much more than expected in October, according to official data that added to other signs of a loss of momentum in the economy in the run-up to the first budget of prime minister Keir Starmer's new government.

The Office for National Statistics (ONS) said sales volumes have fallen by 0.7 per cent in October. A Reuters poll of economists had forecast a monthly fall of 0.3 per cent in sales volumes from September.

Keep ReadingShow less
Food and drink giants under pressure to act on public health

Food and drink giants under pressure to act on public health

Shareholders in food and drink giants such as PepsiCo, Coca-Cola and Mondelez are among a group of investors calling on the sector to be more transparent about the healthiness of its sales as a first step towards taking accountability for its significant impact on public health, in a move coordinated by responsible investment NGO ShareAction, the NGO stated.

The investors include Legal & General Investment Management, Pictet Asset Management, Nest, and CCLA, who collectively manage £2.34trn in assets. In a letter delivered today (21) to the chief executives of PepsiCo, Coca-Cola, Mondelēz, Kraft Heinz, Kellanova, and General Mills, investors have called on the companies to follow the likes of Unilever and Danone in adopting internationally-accepted nutrition standards for publicly reporting the healthiness of their sales.

Keep ReadingShow less
Freight crime cost over £680 million

iStock image

Freight crime cost over £680 million

Freight-related crime cost the UK economy an estimated £680-700 million in 2023, when accounting for lost revenues, VAT, and insurance costs, revealed a recent report from the All-Party Parliamentary Group on Freight and Logistics.

The study, funded by the Road Haulage Association (RHA), documented 5,370 reported incidents of HGV and cargo crime across the UK last year, a 5 per cent increase on the previous year. Experts suggest that the actual figures could be significantly higher due to under-reporting. The direct value of stolen goods reached £68.3 million.

Keep ReadingShow less