Premier Foods – the UK’s largest food producer – could be set to sell its vegetarian foods business, including the Quorn brand, in a bid to cut its enormous debts.
Quorn, bought for £172m in 2005, is now thought to be worth between £200m and £250m After the deal was muted in the weekend press, the Hovis and Mr Kipling maker responmded by saying it remains “open minded” about such a deal, “provided they deliver shareholder value and accelerate the reduction of average net debt.”…
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