restructuring

Goodman Fielder to Close Factories


At an investor day presentation, Australian food manufacturer, Goodman Fielder (ASX:GFF) has announced its plans of company restructuring and the closure of factories in Australia and New Zealand as it seeks to save $100 million over three years.

  • Goodman Fielder is losing money from supplying generic branded breads to Coles and IGA. It's competitor, George Weston supplies generic breads for Woolworths (WOW) and German supermarket chain Aldi.
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