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Premier Foods’ chief ‘clears the big hurdles’
date:Aug 09, 2012
Clarke, who joined the debt-laden manufacturer on August 16, 2011, said that with bank financing now secured to June 2016, there had been good progress in stabilising the business andfixing things from the past.

There was now afour-and-a-half-year window to turn the business around, and space to focus on trading.

Premier, which currently has net debts of 1.27bn, is selling off its non-core businesses to focus on eight key power brands in a bid to get trading onto an even keel.

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