Mexico's Grupo Bimbo buys iconic bread brand Modern Foods

Homegrown private equity fund Everstone Capital has sold its iconic bread brand Modern Foods to Mexico’s largest food and bakery company, Grupo Bimbo. Everstone's bread and bakery platform Everfoods Asia, predominantly consists of Modern Bread brand that Everstone had acquired from Hindustan Unilever in 2016. It also includes other brands such as Cookie Man.
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