Bakkavör is an international food manufacturing company specialising in fresh prepared foods. The group's head office is in
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
, England. It is listed on the
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Pa ...
, and was part of the
FTSE 250
The FTSE 250 Index ( "Footsie") is a capitalisation-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange. Promotions and demotions to and from the index occur quarterly in March, June, Septemb ...
index from early 2018 to 2020.
It was listed 27th in the 2015 Sunday Times Top Track 100.
History
Bakkavör was founded in 1986 by the two brothers Ágúst and Lýður Guðmundsson to manufacture and export
cod
Cod is the common name for the demersal fish genus '' Gadus'', belonging to the family Gadidae. Cod is also used as part of the common name for a number of other fish species, and one species that belongs to genus ''Gadus'' is commonly not c ...
to
Scandinavia
Scandinavia; Sámi languages: /. ( ) is a subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, Norway, and Swe ...
.
They expanded the business by selling
convenience foods
Convenience food, also called tertiary processed food, is food that is commercially prepared (often through processing) to optimise ease of consumption. Such food is usually ready to eat without further preparation. It may also be easily por ...
.
[ The company acquired Katsouris Fresh Foods in 1997 and Geest in 2005.][
Following the ]global financial crisis of 2008
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Entertainment
* ''Global'' (Paul van Dyk album), 2003
* ''Global'' (Bunji Garlin album), 2007
* ''Global'' (Humanoid album), 1989
* ''Global'' (Todd Rundgren album), 2015
* Bruno ...
, Bakkavör became heavily indebted, forcing the Guðmundsson brothers into emergency talks with the company's bondholders.
The Guðmundsson brothers' advisors, Deloitte
Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international