By Kari Lundgren
Oct. 18 (Bloomberg) -- Premier Foods Plc may sell some of its best known brands in an effort to reduce its 1.8 billion pounds ($3.11 billion) debt burden, the Financial Times said.
The company is seeking to reduce net debt by at least 200 million pounds, the FT reported, citing unidentified people close to Premier. Brands that may be sold include Mr. Kipling cakes, Sharwoods sauces and Branston pickles, the daily said.
Chief Executive Officer Robert Schofield said he is confident 2008 profit will be between 315 million and 330 million pounds, according to the FT.
To contact the reporter on this story: Kari Lundgren in London at klundgren2@bloomberg.net
Saturday, October 18, 2008
Premier May Sell Branston Pickles Brand to Cut Debt, FT Says
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