Mexico-based breadmaker Grupo Bimbo plans to grow in China in the short term with acquisitions, while also expanding in the rest of Asia and entering Middle Eastern markets, the company’s food business chief said on Wednesday [19 April 2017] (US time)…Full Article: The Global Times Apr 2017
- In 2006, Grupo Bimbo entered the Chinese market by purchasing in-country assets from Spanish rival Grupo Panrico.
- In 2010, China accounted for roughly 2% (~USD 35 million) of Grupo Bimbo’s total global sales.
- In March 2006, Mexico’s Grupo Bimbo purchased Beijing-based assets from Spain’s Grupo Panrico for approximately USD 11 million.
Hong Kong Trends