Jam tomorrow as Premier Foods sells Chivers

Premier Foods, the struggling foods group which is racing to reduce its debt so it can meet upcoming banking covenant tests, has offloaded four of its Irish brands.

Premier Foods, the struggling foods group which is racing to reduce its debt so it can meet upcoming banking covenant tests, has offloaded four of its Irish brands.

Premier Foods is to sell the Chivers, Gateaux, McDonnells and Erin brands to The Boyne Valley Group for €41.4m, the group announced on Thursday evening.

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