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| 12/01/2009 |
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| The Foodvest Group and Findus in the UK |
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Foodvest is the overall owner of the Findus brand, and producer of Findus products via its frozen food operations in Scandinavia and France. In the UK, the Findus brand is not operated by Foodvest but licensed to an unconnected company, Findus UK Ltd, and its subsidiary Newcastle Productions. These companies produce and market frozen products that are sold in the UK under Findus as well as other brands.
Further to the announcement today that Newcastle Productions has gone into administration, Foodvest is monitoring the situation carefully and will be in discussion with the receiver.
There is currently no further news on the future of the Findus brand in the UK market, which is subject to the administration process of Newcastle Productions. However Foodvest can confirm it is not considering the sale of the brand license to any other third party. |
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