business news in context, analysis with attitude

• Lorenzo Servitje, the cofounder of the Grupo Bimbo bakery company, has passed away. He was 98.

The New York Times,/i> writes that Servitje started the company with the goal of selling sliced white bread to customers in Mexico. Today, it is a "Mexican conglomerate whose trademarks now include Wonder Bread, Sara Lee, Entenmann’s, Thomas’ English muffins, Brownberry, Boboli and, in Britain, New York-brand bagels ... Today, Grupo Bimbo has 130,000 employees and 170 factories in 22 countries that make 10,000 products distributed by more than 11,000 vehicles."
KC's View: