(MENAFN- ProactiveInvestors) Premier Foods () is back on the menu Friday after causing a stir at the end of last year with its controversial supplier scheme.
The food manufacturer owner of Mr Kipling cakes was roundly criticised in December after asking its suppliers across the country for payments or else risk being dropped from its lists.
The practice known as ‘pay and stay’ led to one supplier accusing the company of "blackmail" while the Federation of Small Businesses (FSB) said Premier “should be ashamed of themselves.”
Chief executive Gavin Darby was quick to repackage the programme and make it more palatable.
No doubt the episode will get a mention in tomorrow’s statement which covers the quarter to 31 December 2014 and summary results for the full year.
In the third quarter total sales were £177mln which was down on a like-for-like basis compared to the £186mln sold in Q3 2013.
Management had high hopes for Christmas mentioning new product developments and major advertising campaigns so investors will be keen to see how the firm performed over the festive period.
Significant announcements expected:
Trading update: () Group () Premier Foods ().
Economic announcements expected: French manufacturing Eurozone manufacturing UK retail figures
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.