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Grupo Bimbo, S.A.B. de C.V. (also known simply as Bimbo) is a Mexican multinational food company with a presence in over 33 countries located in the Americas, Europe, Asia and Africa. [1] It has an annual sales volume of 15 billion dollars [2] and is listed on the Mexican Stock Exchange with the ticker BIMBO.
In February 2014, Canada Bread, in which Maple Leaf Foods previously had a 90% stake, was acquired by the multinational Grupo Bimbo for Can$1.83 billion. The remaining Maple Leaf Foods is a protein-only company with approximately Can$3 billion in revenue.
The bread price-fixing scandal in Canada refers to a group of competing bread producers, retailers and supermarket chains reached a secret agreement among themselves to artificially inflate the price of bread at the wholesale and retail levels from late 2001 to 2015 [1] (some sources stated that the price fixing continued into 2017 [2] ).
Bimbo Bakeries USA's story began in 1994, when Grupo Bimbo – Mexico's largest baking company, with operations in 21 countries – purchased La Hacienda, a California-based tortilla company. Bimbo Bakeries USA then entered the U.S. bread market in 1997 with the acquisition of Pacific Pride Bakeries of San Diego.
Sara Lee, Grupo Bimbo and the bakery industry have lately faced severe competition where cutthroat pricing has led to lower revenue and profits. Sara Lee, which also reported its first-quarter ...
Daniel Javier Servitje Montull (born 1 April 1959) is a Mexican billionaire businessman, and the president and CEO of Grupo Bimbo, the world's largest bakery company.
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It reportedly wants to get its version on shelves before the real Twinkies return to the market later this year. The Post reports that Bimbo's new line could also include a Hostess-like cupcake.