Lotus Bakeries NV ( (GB:0F4O) ) has issued an announcement.
Lotus Bakeries has expanded its partnership with Mondelēz International to include the ice cream category, collaborating with Froneri, a leading ice cream manufacturer. This strategic move aims to grow the Lotus Biscoff brand in the ice cream segment, leveraging Froneri’s expertise in product development and distribution. The collaboration will see Froneri producing, marketing, and selling Biscoff ice cream in Europe from 2026, with plans for global expansion. This initiative is expected to enhance Lotus Bakeries’ position in the ice cream sector and increase brand awareness worldwide.
More about Lotus Bakeries NV
Lotus Bakeries, founded in 1932 in Lembeke, Belgium, operates globally in the traditional and natural snacks segment with brands like Lotus, Lotus Biscoff, nākd, TREK, BEAR, Kiddylicious, and others. Headquartered in Belgium, the company has production facilities across Europe, South Africa, and the United States, with a new facility in Thailand set to open in 2026. Lotus Bakeries employs approximately 3,360 people and reported a turnover of 1,232 million euros in 2024. It is listed on Euronext Brussels, with the Boone and Stevens families holding the majority of shares.
YTD Price Performance: -25.93%
Average Trading Volume: 103
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €6.46B
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