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Premier Foods' new boss loses appetite for sell-offs

Posted on 22 February 2013.

Premier Foods' new boss loses appetite for sell-offs

The new boss at Oxo-to-Bisto maker Premier Foods has signalled an end to the raft of sell-offs seen in recent years as the debt-laden company struggled to get back on to its feet.

Premier racked up £369.5m from disposals last year as it worked to bring down a £1.3bn debt pile built up before the financial crisis. Brands sold off in the past two years include Sarson's vinegar, Branston pickle and the meat substitute Quorn, which has since seen a recent boost in sales thanks to the beef scandal. The disposals led to speculation that Hovis could also be sold off.

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