Channels news – Page 1323
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News Briefs
Four private equity firms have been shortlisted to compete in the latest round of the auction for Ranks Hovis MacDougall, Tomkins' food business. They are CVC Capital Partners; Doughty Hanson; Hicks, Muse, Tate & Furst; and Paribus. Iceland has...
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danish bacon goes down under
After years of accelerating consolidation in the Danish pig industry, just three producer co-ops remain: the giant Danish Crown, mid-range Steff Houlberg; and small Jutland specialist Tican. "We can respond rapidly to changes in the market," md Ove...
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tesco motors into insurance
Tesco is launching motor insurance in a bid to attract consumers looking to cut the cost of driving. The multiple's personal finance division commissioned research revealed 64% of car owners would switch insurance companies if it meant they could...
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Spirit of the net
The Organic Spirits Company is planning to launch an internet site for its organic gin Juniper Green. It already has a site up and running for its organic vodka Utkins UK 5. Both brands have been on exclusive distribution with Sainsbury. Managing...
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ENGLISH apples
Long-term growth expected in prepacked fruit with its additional opportunities English dessert apples core Sainsbury concern Sainsbury plans to give English dessert apples greater prominence in the coming season, fruit category buyer Marcus...
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Lesson in changes to trading relationships
The buzz words Efficient Consumer Response migrated into the UK management vocabulary some years ago, but the incentive to apply ECR principles in daily life got a shot in the arm when Wal-Mart acquired Asda last year. The US giant was the driving...
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english apples
Multiple sells abundant supplies at lowest prices on record' Tesco volume sales soar Tesco has claimed a massive increase in sales of English apples in the season coming to a close. Buyer Simon Latham said it had reached 57 million, the...
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SALVESEN DEPOT OPENS
Christian Salvesen has officially opened its £2.3m shared user produce depot in Evesham, Worcester. Among its customers are Asda, the Co-op, Fyffes, Marks and Spencer, Safeway, Somerfield, and Tesco. It has the capacity to handle more than a...
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Waitrose aiming to reactivate interest in traditional but forgotten fruit
Multiples back moves to develop niche varieties
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JS men are reunited at Alldays
Former Sainsbury commercial business unit director Andrew Mitcham has joined c-store chain Alldays as its trading and marketing director. Mitcham, with 25 years' retail experience, replaces Tim Chalk, who has left to pursue his career elsewhere....
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SPEARHEADING SPAR EXPANSION
Spar has formed a project team to spearhead its expansion with the aim of adding 750 shops. The team includes some of Spar's regional "hard-hitters" including AF Blakemore's Elwyn Davis, Ian Connell from Appleby Westward, John Hodgson from James...
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Allan drinks to Wal-Mart effect
Clive Beddall Seven months into Asda's membership of the Wal-Mart family, a buoyant Allan Leighton is claiming one million new customers and an increased market share to 14% after his chain's "best period ever". Talking exclusively to The Grocer...
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Safeway works to get premixes right
An over cautious approach to the emerging premixed spirits sector cost Safeway millions according to research it carried out with Bacardi-Martini. Like the other major multiples it took heed of public outrage over alcopops three years ago, curbed...
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Spar launches new format for larger stores
Exclusive Nicola Gordon-Seymour A new format for large stores is about to be unveiled in the UK by symbol group Spar. Dubbed EuroSpar, the format is intended for stores in which family shoppers can do a full weekly shop. And the country's first...
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The serveover view
l A typical Budgens store carries between 20 and 30 cheeses, says senior buyer Philip Punter, although the multiple buys a range of 260 varieties because "we like to include local cheeses in our stores". The total range comprises 90 sold through...
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Tesco staff get SAYE cash
Staff at Tesco are in line for an £83m payout this month from the company's Save As You Earn scheme. Savers have invested between £5 and £250 every month in three and five year savings plans. They are due to receive news of payouts in the coming...
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Green out of picture as M&S works to recover
Financier Philip Green has announced he has no intention of bidding for Marks & Spencer. The announcement ends weeks of speculation he was stalking the company with the intention of launching a takeover. Green said he did reserve the right to make...
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Leeds Co-op blasts ATM charges
Leeds Co-operative Society has joined the row over cash machine charges and has accused high street banks of profiteering. Chief executive Alan Gill said ATMs should not be a means for making a profit but a service for customers. "Many banks have...
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Tesco sells off Stewarts offies
Tesco is offloading 18 of the Stewarts off licence chain it owns in Northern Ireland. It plans to integrate 30 others with supermarkets but six will be kept for development. Philip Russell, which operates 40 off licences in the province, is a...
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Tesco Express adds 150 forecourt sites
Tesco's plans to expand its portfolio of Tesco Express forecourt stores have been met with concern by independent retailers. The multiple has struck a deal with Esso to open supermarkets on 150 sites during the next three years. But symbol groups...