Italian Festive Cake Makers Boosted By Export Performance
An increase in exports boosted the performance of Italian confectionery producers Maina, Bauli, and Balocco during financial year 2019, according to reports.
For festive cake maker Maina, the UK and US markets were key in driving exports of panettone and pandoro, it said. In the UK alone, demand for its cakes saw a 15% year-on-year increase in sales.
In 2019, Maina also started distributing its products in all 50 US states, a market that has led to 5% growth in annual sales. The company is also expanding its presence in Australia and Spain.
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