All The Grocer articles in 01 April 2023 – Page 8
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News
City snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.
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News
Delevingne sisters’ Della Vite secures investment from La Hechicera founders
Della Vite, launched by Chloe, Poppy and Cara Delevingne in 2020, secured more than £3m in an investment round led by the founders of premium rum brand La Hechicera
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News
ElfBar snubs British American Tobacco acquisition attempt
After months of emails and meetings, ElfBar ultimately turned down the tobacco giant’s offer
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News
Space Raiders prices rocket as KP Snacks passes on cost increases
Retro snack brand owner says retail prices are set by retailers but it has to pass some increases on to stay competitive
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News
Nice nears £1m in crowdfunding round to boost wine-on-tap offering
The canned wine startup has raised almost £1m from the crowd to boost the on-trade channel and invest in NPD
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News
Nestlé appoints Mark Davies as UK&I confectionery MD
Davies joined Nestlé UK&I as a graduate in 1991, and spent the next three decades working across Europe, the Middle East and China
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News
Swedish functional drinks brand Vitamin Well makes UK debut
Developed as a ‘smart and healthy alternative to sodas’, Vitamin Well launched in Sweden in 2008 and is currently available in 40 markets
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News
City snapshot: John Lewis Partnership considers changes to employee-owned structure
The John Lewis Partnership is weighing up plans to dilute its 100% employee ownership in a bid to raise new investment in the face of difficult trading
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News
City News: City harbours doubts over Deliveroo’s profitability progress
Deliveroo trumpeted it had made “excellent progress” on the path to profitability this week. However, concerns persist in the City over its ability to turn market share into profits amid tightening consumer spending
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News
Waitrose plans to play up supplier relationships with social media push
Waitrose has sought to emphasise its sourcing credentials in response to the cost of living crisis
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News
KTC snaps up Scottish margarine manufacturer Cardowan Creameries
The deal strengthened the private equity-backed group’s value-added processing capabilities and broadened the product offering, KTC said.
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News
Aldi once again set to be highest-paying supermarket
The latest pay rise is the second for Aldi shopworkers so far in 2023
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News
Del Monte grows table sauces offer with salad cream duo
The sauces were developed specifically for the UK market and produced by D2 International in Manchester
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News
Ella’s Kitchen growth soars as babyfood sector bounces back
Revenues soared 17.9% to £85.8m in the year ended 30 June 2022, according to newly filed accounts.
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News
Media Bites 17 March: John Lewis, Deliveroo
The annual John Lewis results take centre stage in the business pages today, with room for Deliveroo as well.
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News
Lidl’s store opening slowdown set ‘to last until 2026’
The slowdown has also extended to recruitment activity
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News
Waitrose to expand convenience network amid declining online sales
Waitrose saw sales fall 3% to £7.3bn in the 12 months to 28 January, driven entirely by declining online sales
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News
Belazu unveils Mediterranean-inspired makeover for ingredients and condiments
Its labels’ have been given a sleeker, contemporary look with stylish typography and more white space
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News
Media Bites 16 March: Budget, John Lewis, British American Tobacco
The Budget dominates the papers today, but there is plenty of coverage for John Lewis’ first-ever appointment of a CEO.
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Comment & Opinion
Budget fails to alleviate pressure on companies caught in cost of living crossfire
After the chaos unleashed by the mini-budget last November, Jeremy Hunt’s ‘steady as she goes’ budget was not exactly unwelcome – though it left grocery industry participants frustrated that more help isn’t being offered