What’s Cooking considers sale of savoury division

The What’s Cooking Group recently announced that the company is contemplating the sale of its Business Unit Savoury. This move forms part of a wider examination of strategic options to enhance shareholder value.

What’s Cooking Group NV, renowned for its extensive range in savoury deli products and prepared meals, has initiated discussions regarding the potential sale of What’s Cooking Savoury Belgium NV, including its subsidiaries in Belgium, the Netherlands, France, the United Kingdom, and Germany. These subsidiaries specialize in the production, slicing, and sale of savoury items. This announcement marks a significant strategic shift for the organization.

Impact on revenue

The Savoury segment of What's Cooking? plays a substantial role in the company, contributing €464 million to the revenue, accounting for more than half of the total consolidated turnover of €832 million in the fiscal year 2023. These figures highlight the importance of this division within the group's overall portfolio.

Uncertainty over outcome

Although the process has been initiated, What’s Cooking? emphasizes that no definitive commitments have been made to date. The terms of a potential transaction are also yet to be determined. Therefore, it remains uncertain whether this sale will ultimately take place and, if so, under what conditions. What’s Cooking? has committed to communicating further developments in accordance with legal obligations. This uncertainty casts a shadow over the future direction of the business unit, while stakeholders and market analysts closely monitor the situation.

Whatscooking.group