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Pladis ramps up China ambitions with McVitie’s Flipz pretzels

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Core Development: Pladis ramps up China ambitions with McVitie’s Flipz pretzels
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Pladis is stepping up its push in China with the launch of McVitie's-branded Flipz pretzels as the group looks to expand its presence beyond biscuits and chocolate.

In a statement, Pladis said "China is one of the brand's biggest long-term growth opportunities" as it aims to develop McVitie's into a £1bn ($1.35bn) global brand.

Chief commercial officer David Murray said: "McVitie's may be famous for biscuits, but its next phase of growth will not come from biscuits alone.

"As we grow internationally, we're looking at how the McVitie's brand can play a bigger role across snacking, reaching new consumers through new products and formats."

The London-based group already sells Godiva branded chocolate in China and McVitie's biscuits and has adopted a similar approach in Saudi Arabia and Egypt with products such as McVitie's Joy.

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Official Publisher Attribution: This report is aggregated from Yahoo Finance. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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