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-   -   Weetabix bought by China's Bright Food (https://www.thisisbigbrother.com/forums/showthread.php?t=200500)

Omah 03-05-2012 11:32 AM
Weetabix bought by China's Bright Food
 
http://www.bbc.co.uk/news/business-17935661

Quote:
China's Bright Food has bought a controlling stake in Weetabix, which owns the breakfast cereal brand as well as Alpen and Ready Brek.

Bright Food will take a 60% stake in Weetabix in a deal that values the company at £1.2bn.

The Northamptonshire-based firm was family-owned until 2004, when it was bought by Lion Capital.

Weetabix says its trademark breakfast cereal accounts for 7% of UK cereal sales, with annual sales of £101m.

Bright Food chairman Zongnan Wang said: "With Bright Food's strong resources and our expertise in both the Chinese and broader international markets, we are excellently placed to develop the Weetabix business."
什么是神圣的吗？

arista 03-05-2012 11:45 AM
At least
its not closing this way.

Omah 03-05-2012 12:32 PM
I don't think there was any chance of Weetabix closing :

http://news.sky.com/home/business/article/16221071

Quote:
Weetabix, which is the UK's second biggest cereal manufacturer, exports to more than 80 countries, employs nearly 2,000 people and generates annual sales of more than £420m.

The Weetabix cereal alone accounts for 7% of UK cereal sales
http://www.telegraph.co.uk/finance/n...d-profits.html

Quote:
Weetabix cereals bars expand profits

Cereal maker Weetabix, which has been the subject of persistent sales rumours in recent months, defied the recession by posting a 26pc rise in pre-tax profit for 2009.

arista 03-05-2012 12:44 PM
"I don't think there was any chance of Weetabix closing"

Sure
but times are going to get much harder
they may have private debts
so a Take Over by a Massive Growing Company
is OK.


Life In The City.

Omah 03-05-2012 12:58 PM
Quote:
Originally Posted by arista (Post 5116551)
"I don't think there was any chance of Weetabix closing"

Sure
but times are going to get much harder
they may have private debts
so a Take Over by a Massive Growing Company
is OK.


Life In The City.
"may" ..... :puzzled:

arista 03-05-2012 01:13 PM
Yes the may have Debts
that means in the Near Future on their own
they would close.

Thats what happens
alot nowdays.

Kizzy 03-05-2012 01:20 PM
http://www.efinancialnews.com/story/...dlines-home-PE

arista 03-05-2012 01:26 PM
"Lion Capital has already made nearly five times its original investment on cereal brand Weetabix and stands to make plenty more, according to Financial News calculations, following today's sale of a controlling stake that values the UK food firm at £1.2bn."


Yes Wise Kizzy
the Stock Market is Cool.

GypsyGoth 03-05-2012 08:23 PM
This is part one of the chinese plan to poison everybody and then take over britain.

arista 04-05-2012 07:50 AM
Quote:
Originally Posted by GypsyGoth (Post 5117344)
This is part one of the chinese plan to poison everybody and then take over britain.

Fantasy.

China has a Nation it has to hold on to
they would not want to take over the UK


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