Archive of all 2 Sisters articles – Page 4
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News
2 Sisters returns to underlying growth as turnaround strategy ‘gains momemtum’
Quarterly underlying profits at 2 Sisters’s parent company Boparan rose for the first time in over two years, as the chicken giant’s turnaround strategy has begun to take hold.
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2 Sisters set to close another poultry site as part of restructure
The move is the latest in a bid to turn the poultry giant’s fortunes around
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Boparan asset sell-off mitigates mounting losses
The 2 Sisters owner would have posted an annual loss of over £100m but for the sale of Goodfella’s…
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Boparan offloads Green Isle Foods and Donegal Catch to Irish consortium
The sale marks the 2 Sisters owner’s latest divestment as it focuses on its core poultry operation
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News
Fox’s claims world first with Double Dough ‘fused’ cookies
Double Dough’s launch comes after Fox’s core portfolio last year suffered a £4.9m slip in sales to £76.2m
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News
First quarter losses widen at 2 Sisters amid “substantial turnaround challenge”
2 Sisters owner Boparan has once more posted widening losses in its first quarter as it continues to tackle its “substantial turnaround challenge”.
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2 Sisters losses deepen in fourth quarter
2 Sisters owner Boparan Holdings’ pre-tax losses more than trebled to £53.8m in the fourth quarter of 2017/18
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Samworth Brothers to buy 2 Sisters' Manton Wood sandwich factory
2 Sisters’ owner Boparan Holdings announced that it has agreed the sale of the site, also known as Solway Foods, which employs around 1000 staff, as it continues to transform its operations.
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2 Sisters in major senior management shakeup
Three of Kers’ “trusted lieutenants” from Müller have taken top jobs in 2 Sisters’ people, poultry and transformation departments
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News
Bernard Matthews hiring to service supermarket supply deal
The turkey giant is set to create an extra 400 jobs at its Great Witchingham plant
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2 Sisters unveils major restructure of poultry business
The plan, unveiled by new CEO Ronald Kers, includes the merger of its UK poultry and added-value businesses into one division
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News
Boparan Holdings sells 2 Sisters Red Meat division to Kepak Group
The Irish meat company takes over the business, which consists of subsidiaries St Merryn Foods and McIntosh Donald, with immediate effect
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News
2 Sisters profits fall 77% amid protein division restructure
The poultry giant said volume growth was more than offset by the “negative impact of beef, poultry and fish price inflation”
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City snapshot: 2 Sisters hit by protein price inflation
UK chicken giant 2 Sisters was buoyed by the £200m sale of Goodfellas to Nomad Foods in its third quarter, but underlying profitability collapsed on a £5.8m protein division loss. Plus, Oasis Management steps up campaign against Premier Foods CEO Gavin Darby and all the rest of the latest news from the City.
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News
FSA teams up with 2 Sisters for information sharing trial
The regulator has partnered with 2 Sisters for a pilot information sharing scheme that could provide the ‘template’ for the sector
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Analysis & Features
What’s on Ronald Kers’ to do list as the new CEO of 2 Sisters Food Group?
What kind of company will Kers be taking over, what are the key challenges he faces and what can he bring to the business?
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News
Ex-Müller CEO Kers to take over at helm of 2 Sisters
Kers, who left Müller last May, takes over from 2 Sisters founder Ranjit Singh and starts on 1 June
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Moody’s downgrades Boparan on “deteriorating performance”
Moody’s cut the credit ratings of 2 Sisters owner Boparan after profits tumbled in the wake of a poultry food safety scandal
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News
2 Sisters to close Cambuslang plant with loss of 450 jobs
The poultry giant said its loss-making factory would close in August after a consultation failed to present any ‘credible proposal to change our view’
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News
2 Sisters pledges 90% recyclable plastic packaging by 2020
The company said the move would almost double the amount of recyclable packaging used in its supply chain, which currently stands at 47%