All The Grocer articles in 19 December 2020 – Page 17
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City snapshot: Sainsbury’s sales soar more than expected as UK enters second lockdown
Sales and profits have surged at Sainsbury’s as the country continues to battle the coronavirus pandemic. The group also announced a strategy update, which included the closure of a further 420 Argos standalone stores. Plus, Tate & Lyle and Wincanton report first-half results.
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PE player Endless tipped to seal £100m Hovis deal as Italian suitor steps away
Private equity player Endless is reported to be close to sealing a £100m buyout of Hovis after Italian trade suitor Newlat pulled out of negotiations.
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Lidl GB chief reassures customers over store safety measures
In an email to customers today, Christian Härtnagel said that during peak hours a staff member would be positioned at entrances to control shopper numbers in stores
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M&S ‘lobbying hard’ for Sunday trading extension
CEO Steve Rowe said it would give people more time to shop for food safely in the run-up to Christmas
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Dave Lewis joins PepsiCo board of directors
PepsiCo chairman and CEO Ramon Laguarta said Lewis would bring a ”unique, global perspective on consumer centricity” to PepsiCo
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City snapshot: M&S plunges to £88m first half loss despite ‘strong’ food performance
M&S has fallen to a pre-tax loss of £87.6m in the first half, the group’s first loss in its near century as a public company, as a COVID-driven sales plunge in general merchandise negated ‘strong’ performance in its food division.
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Media Bites 4 Nov: Supermarkets/business rates, Iceland, Deliveroo
Supermarkets are under mounting pressure to pay back £3bn in business rates after a leading retail entrepreneur questioned why their bills had been waived
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Redundancies as Poundstretcher closes Huddersfield office
About 30 members of staff will be affected by the closure
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Oops frozen food chain opens first stores in Lancashire
The retailer offers food that would otherwise be destined for landfill, but which remains safe to eat
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Poundstretcher FD Jonathan Foister exits after three months
Jonathan Foister was appointed as the struggling variety discounter’s FD on 23 July, replacing Hemant Patel, who had been in the post five years
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Birds culled after avian flu outbreak detected at Cheshire farm
Further testing was underway to determine if the outbreak was linked to cases in Europe, Defra said
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Aldi’s Kevin the Carrot back in Top Gun-style Christmas ad
Aldi has kickstarted its latest Christmas campaign with a 40-second ‘teaser’ ad, inspired by Top Gun
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City snapshot: Primark closures drive ABF sales and profits plunge despite grocery growth
Associated British Foods has posted a double-digit drop in annual sales and profits as the strong performance of its grocery businesses was unable to fully mitigate the closure of its Primark stores during lockdown.
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Media Bites 3 November: Ocado, Lockdown
Ocado has sharply raised its forecast for full-year profits as the Covid-19 pandemic drives a surge in online food shopping. Plus, the papers are filled with the fallout for business for the new national lockdown starting on Thursday.
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Nestlé acquires $950m US meal delivery business Freshly
The world’s biggest food group Nestlé has bolstered its DTC credentials with the $950m acquisition of US meal delivery service Freshly
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Sushi Daily rolls out new heat at home range into Waitrose
The four ’heat at home’ dishes will be introduced in 22 of the retailer’s stores across London, plus Glasgow and Bracknell
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Carlsberg Marston’s Brewing Company appoints Paul Davies as CEO
Leadershop team shakeup comes as CMBC merger completes
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Shopping centre landords call for emergency government support in second lockdown
Revo, which represents shopping centre landlords, has called for business rates relief to be extended beyond April 2021 and for financial support for retailers that can’t pay rent
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Britvic appoints new commercial sustainability director
Fiennes was formerly the business’ director of strategic change programmes
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Channel 4 to track Poundland’s transformation in new series
The two-part documentary, Inside Poundland: Secrets From The Shop Floor, will focus on Poundland’s reinvention through new ranges at a time when rivals are failing