Bread brand Modern Foods bought by Mexico's Grupo Bimbo
Bread brand Modern Foods bought by Mexicos Grupo Bimbo Modern bread holds around 35-40 per cent market share of the Indian bread market with a revenue of Rs 400 crore. Modern Foods competes with other bakery brands such as Harvest Gold, English Oven, Natures Own and Britannia BusinessToday.In | February 25, 2021 | Updated 18:12 IST Iconic bread brand Modern Foods has been bought by Mexicos largest food and bakery company Grupo Bimbo from homegrown private equity fund Everstone Capital. Eversto...
Source: businesstoday.in