Jefferies initiates Lotus Bakeries at 'buy' on brand expansion aim
Jefferies initiated coverage of Belgian snack maker Lotus Bakeries with a "buy" rating, citing management's ambition to make Biscoff the world's third-largest cookie brand. The brokerage noted Biscoff's revenue growth accelerated in H1 2026, supported by a €500 million capacity expansion programme, rising U.S. househol