All articles by Alec Mattinson – Page 56
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NewsBooze-free spirits brand Lyre’s brings in investment banker to ramp up growth
Non-alcoholic spirits giant Lyre has brought in an investment banking specialist to lead fundraising efforts and target M&A opportunities to boost its global growth
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NewsCity snapshot: Kerry Group agrees €137m deal for German biotech firm
Kerry Group has agreed a €137m deal to by German biotechnology company c-Lecta as it builds its presence in the food and nutrition technology space
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NewsHoxton Spirits receives £1m investment from Optiva Securities
Hoxton Spirits has secured a seven-figure cash injection to fund its international expansion ambitions and grow its retail presence in the UK
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NewsCity snapshot: Ultimate Products says global supply chain issues are improving
Homeware and household brands owner Ultimate Products has posted double-digit first half growth and pointed to improvements with global supply chain issues
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NewsMedia Bites 14 Feb: Supermarket petrol, John Lewis/Waitrose, British American Tobacco
Supermarkets stand to rake in bumper petrol profits as the soaring price of oil threatens to exacerbate the cost-of-living crisis
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NewsPaleo Ridge secures investment of £2m to back expansion plans
Raw dogfood specialist Paleo Ridge has secured a £2m investment from PE player Ashridge Capital to boost its rapid expansion plans
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NewsOcado shares plummet as it ploughs investment in tech
Ocado’s share price slumped to wipe out all its pandemic-driven gains this week after continued investment in technology saw losses balloon and guidance was lowered for 2022
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NewsKitwave acquires Devon-based foodservice supplier MJ Baker
Listed wholesaler Kitwave has acquired Devon-based foodservice supplier MJ Baker Foodservice to grow its presence in the category. The business will be incorporated into Kitwave’s existing foodservice division which currently has the existing trading operations of HB Clark & Co and David Miller Frozen Foods Limited. ...
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NewsCity snapshot: Tate & Lyle’s food and beverage solutions posts 19% sales jump
Tate & Lyle has posted continued strong growth in its core food and beverage solutions business in the third quarter to upgrade full year expectations for the division
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NewsMedia Bites 11 Feb: Unilever, Coke/Pepsi, Beer sales
Unilever expects the strongest cost inflation in decades to hit profitability for two years, adding to pressure on chief executive Alan Jope
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NewsCity snapshot: Unilever to hike more prices to cope with €3.5bn inflation hit
Unilever has warned that that more price rises are on the way to mitigate an extra €3.5bn of costs in 2022
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NewsSpayne Lindsay forms partnership with US investment bank Sage Group
The pair will remain separately run and owned, but will work in a new partnership to create a ‘consumer advisory powerhouse’
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NewsMedia Bites 9 Feb: Ocado, Unilever, Just Eat Takeaway.com
Ocado’s annual results are heavily featured in this morning’s papers
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NewsCity snapshot: Ocado’s annual loss grows by £125m as investment hits bottom line
Ocado’s annual losses ballooned to £176.9m last year despite continued top-line growth as investment in technology hit earnings
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NewsPersonalised nutrition brand Vitl raises £6.2m to power growth
New investors include Richard Pennycook, former CEO of the Co-operative Group
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NewsLotus Bakeries reports strong rebound of UK heathy snacking portfolio
Lotus Bakeries has reported a strong recovery in its Natural Foods division, with healthy snack brands Nakd, Trek and Bear bouncing back from Covid-driven sales falls last year
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NewsMedia Bites 7 Feb: Tesco/inflation, THG, Unilever, Junk food legislation
The chairman of Britain’s biggest supermarket chain has warned that “the worst is yet to come” on food price inflation
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NewsCity News: Virgin Wines issues profits warning as it struggles with new customers and costs
Virgin Wines was the latest company to fall foul of soaring costs this week
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NewsRiverford Organic sees 45% sales spike due to lockdown DTC demand
Soaring demand for home delivery during the pandemic saw sales at upmarket veg box provider Riverford Organic spike by 45%, taking revenues past £100m
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NewsFood M&A activity in 2021 still down on pre-pandemic levels
UK food and drink M&A activity remained well below pre-pandemic levels last year despite a booming first quarter