date:Apr 04, 2014
Premier Foods has obtained competition approval from the European Commission in relation to its agreement with The Gores Group to operate its bread business as a stand-alone joint venture which will trade under the name of Hovis Ltd. The new arrangement will facilitate a significant increase in investment in the business both to improve the efficiency of its operational infrastructure and to reinvigorate the Hovis brand, building on its strong heritage.
The Gores Group will pay 30 million for a