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Mcvities Biscuits About To Go To Chinese


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http://www.bloomberg.com/news/2010-09-26/bright-food-says-it-s-in-discussions-about-buying-united-biscuits-in-u-k-.html

Bright Food of China Says It's in Discussions About Buying United Biscuits
By Dick "Richard" Schumacher and Lars Paulsson - Sep 26, 2010 3:18 PM GMT+0100
The Sunday Times reported today that Bright Food is in exclusive talks to buy United Biscuits, the maker of Jaffa Cake and McVitie’s cookies, in a transaction that may be valued at 2 billion pounds ($3.2 billion).
“Bright Food is now in talks about buying United Biscuits,” Chen Chunshan, a company spokesman in Shanghai, said in a phone interview today. He declined to comment further.

Not much left now with Cadbury going earlier this year......

To me, a chocky McVities is the ideal way to celebrate HPC news--along with a nice cuppa. Knowing they will be Chinese bickies soon kind of takes something away from the experience. Our world is becoming too generic, boring and grey.

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To me, a chocky McVities is the ideal way to celebrate HPC news--along with a nice cuppa. Knowing they will be Chinese bickies soon kind of takes something away from the experience. Our world is becoming too generic, boring and grey.

Well thats Stockport feckkered then, they have a massive factory there still and years ago driving past it the smell was lovely.

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All that will be left in Britain will be a few online stores,people selling insurance for everything and a load of papershufflers monitoring and taxing us..... Sad

But there will be nothing to tax as our economy will be shot to pieces .

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There is a sustainable argument for free trade based on comparative advantage.

That argument has always been based on production activities.

What is new(ish) in these acquisitions is the loss of Brand, and one in this case which has taken over a hundred years to establish.

This is a loss of intellectual property, not just of the product itself, but of a common, low ticket, repeat purchase product with great image and associative qualities as well.

Losing, potentially, a factory in Stockport, is bad enough, but McVities' is a part of Britain's family silver, just like any utility.

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Knowing they will be Chinese bickies soon kind of takes something away from the experience. Our world is becoming too generic, boring and grey.

Supermarket biscuits are junk-food, and no offence, but most British people (especially some females :P ) look like they could do without them (at least for a couple of years).

Anyway, those who still care should switch to brands that have factories in the UK. It's time to start being selective about the stuff we buy. We, the consumers, have enormous power!

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Guest The Relaxation Suite

Just stop buying them. Simple. It's hard to avoid Chinese manufactured and produced stuff but whever I have a choice I leave it on the shelf. It's important that as many people as possible do this.

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There is a sustainable argument for free trade based on comparative advantage.

That argument has always been based on production activities.

What is new(ish) in these acquisitions is the loss of Brand, and one in this case which has taken over a hundred years to establish.

This is a loss of intellectual property, not just of the product itself, but of a common, low ticket, repeat purchase product with great image and associative qualities as well.

Losing, potentially, a factory in Stockport, is bad enough, but McVities' is a part of Britain's family silver, just like any utility.

Nobody gives a shit ( not in government or finance circles anyway) probably got some shithead UK/US banks arranging the loan. As long as they are making a crust the rest of the population can go hang.

Edited by OnlyMe
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Well thats Stockport feckkered then, they have a massive factory there still and years ago driving past it the smell was lovely.

..and Carlisle, Carr's Water biscuits employing 1,000 people:

http://gmbmcvitiesc16.org/default.aspx

Edit: actually, there is some irony to this as the original water biscuit was developed for long sea journeys.

Edited by Bootsox
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Nobody gives a shit ( not in government or finance circles anyway) probably got some shithead UK/US banks arranging the loan. As long as they are making a crust the rest of the population can go hang.

According to the Sunday T United Biscuits is already owned by US/French private equity cos. Goldman Sachs and JP Morgan are pimping the biscuit makers for them. So the money men will all be happy.

Edit to add: The ST says that Bright Foods (the Chinese buyer) is being advised by Rothschild.

Edited by newbonic
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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
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      • Even
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      • up 5%



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