Archive of all Sysco articles – Page 12
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Wholesaler Profile - 3663 First For Foodservice
Depot numbers: 39Turnover: £1.42bnGrowth year-on-year: 12.3%Type of operation: foodserviceThis could be 3663 First for Foodservice's year. While its main rival Brakes is busy dealing with a transfer of ownership, it has a real...
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New private equity owner for Brakes
Foodservice giant Brakes is set to pass from one private equity firm to another after its owner Clayton, Dubilier & Rice agreed to sell it to US-based Bain Capital.The deal, understood to be worth up to £1.4bn, is due to be completed...
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Brakes owner CDR said to be close to completing sale
The private equity owner of foodservice giant Brakes is believed to be considering bids from up to five potential buyers.Owner Clayton Dubilier & Rice put Brakes on the market in March with a price tag of £1.2bn and is now understood to...
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Best wholesaler Brakes takes decisive action on green issues
Although it was put up for sale in March by its private equity owners Clayton Dubilier & Rice, Brakes has had a busy 12 months implementing substantial changes to its business. The UK's biggest foodservice provider, which has a turnover...
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Profile Brakes
The UK's biggest foodservice provider, Brakes Group, is being touted around town by its US-based private equity owners Clayton, Dubilier & Rice with a price tag of £1.2bn. With a turnover of £1.6bn and profit of £50.6m, it should prove...
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Wholesaler Profile - Brakes
Depots: 82Turnover: £1.63bnSales growth year-on-year: 3.9%Type of operation: FoodserviceThe UK’s biggest foodservice provider, Brakes Group, is being touted around town by its US-based private equity owners Clayton, Dubilier &...
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Owner CD&R puts Brakes up for sale
Brakes, the UK's biggest foodservice wholesaler, has been put up for sale by its private equity owners Clayton, Dubilier & Rice, with the sale likely to bring in £1.2bn.CD&R is believed to have hired Deutsche Bank and JPMorgan to run the...
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food's new dream team
When working mum Stephanie Allen invited a few friends four years ago to have a go at something that she'd been doing for her family for years, she did not envisage the response it would generate. Business partner Tina Kuna says: "The...
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Brakes appoints CEO
Brakes, the foodservice distributor, has appointed Frank McKay as group chief executive officer with immediate effect.Bruno Deschamps, who has been acting CEO and chairman, will continue as chairman of the group’s holding...
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MSC drives into schools
Foodservice company Brakes has joined forces with the Marine Stewardship Council to deliver the MSC’s Fish & Kids project, which will offer sustainable seafood choices in English schools. Brakes and its subsidiary, M&J Seafood will work...
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Chocks away for professionalism
Our first ever The Grocer Gold Award for Best Wholesaler was won by Brakes, the country’s top foodservice supplier. Julian Hunt explains whyBrakes, which was founded in 1958, is ranked number three in The Grocer’s Big 30 ranking of...
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Nectar links with Brakes
Brakes has become the first food company to offer a Nectar reward scheme to its trade customers.Through the Nectar for Business scheme launched this week, Brakes is offering independent food operators or retailers two Nectar points for every...
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Brakes buys Peter’s arm
Foodservice giant Brakes has acquired the chilled food distribution arm of Peter’s Food Service and taken over its contract to supply Compass Group UK outlets with frozen and chilled food.The deal does not include Peter’s food manufacturing...
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Brakes ventures deal with Peter’s
Foodservice giant Brakes has confirmed it is in talks to buy the Tamworth-based chilled food distribution arm of Peter’s Food Service.The distributor, which delivers to a large number of Compass’ UK foodservice outlets nationwide, is thought to...
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Sysco records 12% rise in sales for 2004
US food distributor Sysco Corp’s fourth quarter profit rose 16%, due to operating efficiency and an extra week in the quarter.The company’s net earnings rose 16.6% to $907.2m (£492.8m) for the full financial year and sales rose 12% to...
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Time to put the house in order
Leading figures from Britain, the US and France debated the future of the world’s food and drinks industry at the American Food Revolution. Liz Hamson reportsAre consumers being duped into thinking they get good quality food when they...
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Driscoll for Brakes CE
Brakes has named Bill Driscoll as its group chief executive, replacing Ian Player, who is due to retire next month. Driscoll was previously vice-presidentand general manager of GE Silicone, a global manufacturer of silicone products with annual...
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Brakes is the first foodservice company to get involved in o
The npd system, designed by software firm Tradinterchange, was introduced to Brakes' top 120 suppliers this month. "Suppliers have been exceptionally enthusiastic about it," says Golder. "It gives them more involvement, reduces the risks of...
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Brakes goes for new names to unleash brand power
Foodservice group Brake Bros has rebranded itself as Brakes and renamed several of its trading divisions. Brake Bros Foodservice, the supplier of frozen food, has been rebranded Brake Bros, its chilled food operation Larderfresh becomes Brakefresh,...
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City broker's challenge turns spotlight on Ahold strategy
A top City analyst has slammed Ahold's growth strategy as being "overly dependent" on acquisitions. West LB Panmure's Philip Dorgan has rated the Ahold stock a "sell" a week after Ahold announced record results and two major acquisitions in the US...