INDIAN BAKERY SECTOR MONITORING IMPACT OF READY ROTI/BIMBO DEAL
June 1st, 2017
India’s Ready Roti, makers of Harvest Gold bread, is planning a major expansion with new products following a 65% stake sale to Mexico’s Grupo Bimbo. Rajan Makani, deputy general manager, brands, for Ready Roti in New Delhi told just-food that the deal “will be beneficial for Indian consumers”, with the tie up sparking the launch of “many new products”. Ready Roti and Bimbo are now devising a new business plan, he said, adding they were considering “what products will be coming in [to India], what geographies we will be going into,” adding it ...
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