All articles by Alec Mattinson – Page 122
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
A deal was struck with administrators KPMG in the early hours of this morning
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NewsMedia Bites 15 Jan: Patisserie Valerie, Coca-Cola, Nestlé
The private equity-backed management buyout to save collapsed cake chain Patisserie Valerie is unsurprisingly heavily covered in the papers this morning.
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NewsMedia Bites 14 Feb: Morrisons, Eat, Heineken
Morrisons is facing a fresh equal-pay claim from store staff
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NewsCity snapshot: Patisserie Valerie rescued via an MBO
Patisserie Valerie has been bought out of administration by the new management team. Plus, Nestlé is exploring sale options for its Herta charcuterie business and all the rest of the latest news from the City.
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NewsPaul Allen steps down as Tayto Group CEO
The long serving CEO of Northern Ireland-based snacks business Tayto Group has left his post after 17 years at the helm.
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NewsColgate Palmolive replaces long serving CEO Ian Cook
Colgate Palmolive has replaced its British born CEO Ian Cook with the group’s COO Noel Wallace.
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NewsMedia Bites 12 Feb: Brexit, Sainsbury's/Asda, Just Eat
The food industry has urged ministers to put all non-Brexit related reforms on hold until after Britain leaves the EU because its members are too busy planning for no deal to take part in consultations.
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NewsBurton’s lands a catch at last with Thomas Fudge’s acquisition
After failing to land a number of key acquisition targets in recent years, Burton’s Biscuit Co has snapped up premium biscuit manufacturer Thomas Fudge’s from private equity owner Livingbridge.
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NewsOcado shares burnt by Andover blaze
Ocado boss Tim Steiner hailed the company’s “18-year overnight success” on Tuesday, but it was another overnight event that rocked the market this week.
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NewsSupermarket prices rise again after Christmas cuts
The Grocer Price Index moved back into annual inflation of 0.4% in January compared with a 0.4% price drop in December
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NewsPork product duo turn to crowdfunding to improve scale
Serious Pig and Cannon & Cannon have both turned to the crowd to scale up their retail presence.
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NewsUnilever moves into snacking with £150m Graze acquisition
The Anglo-Dutch group’s first deal under new CEO Alan Jope was sealed this week.
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NewsCity snapshot: High street suffers worst January since 2013
The UK retail industry suffered its worst start to the year since 2013, according to the monthly BDO High Street sales tracker. Plus, Brexit preparations and turnaround costs drive Kellogg’s to fourth quarter loss and Cranswick and Ocado shares plunge
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NewsMedia Bites 8 Feb: Premier Foods, Ocado, Cranswick
The former chief executive of Premier Foods, Gavin Darby, has been awarded a golden handshake worth at least £1.1m from the heavily indebted foodmaker.
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NewsBurton’s Biscuits agrees deal for Thomas Fudge’s
Burton’s has agreed a deal to acquire premium biscuit manufacturer Thomas Fudge’s from private equity owner Livingbridge.
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NewsMedia Bites 7 Feb: Ocado, Calsberg, Brexit
Online supermarket Ocado has been forced to cancel orders and warned of a “hit to sales” after the huge blaze ripped through its robotic warehouse.
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NewsUnilever wins £150m race for Graze
Unilever has acquired healthy snacking brand Graze in its first acquisition under new CEO Alan Jope.
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NewsMedia Bites 6 Feb: Ocado, Unilever, Grocery market share
A fire at one of its high-tech warehouses yesterday dealt a blow to Ocado, on the same day that it reported a rise in annual losses and announced a new one-hour delivery service.
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NewsOcado annual losses rise to £44m as expansion hits bottom line
Ocado grew its annual revenues by 12.3% in 2018, but its pre-tax losses jumped from £9.8m to £44.4m.
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NewsMedia Bites 5 Feb: Patisserie Valerie, Retail sales, Brexit
Patisserie Valerie has attracted interest from numerous bidders, including offers for the entire 206-store chain and ones for parts of it, according to administrators.