Bimbo to restructure US baking business

MEXICO CITY — In the wake of announcing the closing of a baking plant in New Mexico, Grupo Bimbo SAB de CV said it is planning a restructuring of its North American businesses.Brief comments about the restructuring were shared Feb. 19 in a call with investment analysts in connection with the release of Bimbo’s financial results for the fourth quarter of 2023. During the call, the company also issued initial…