All articles by Ed Devlin – Page 106
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NewsSales at Bidfood affected by coronavirus-hit final three months of financial year
According to results filed this week, turnover had been outperforming the previous year up until the start of the pandemic
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NewsPlayIn Choc beats £250k crowdfunding target to scale up ethical brand
Launched in 2018 by husband-and-wife team Maya and Dominic Simler, PlayIn Choc already exports to 30 countries and has listings with 25 distributors, as well as Ocado. It is also in early conversations with the mults in the UK and other retailers overseas.
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NewsMedia Bites 10 June: SSP Group, Morrisons, Oatly
On a quiet day for retail and F&B news, the papers focus on the Covid-related losses of Upper Crust owner SSP Group.
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NewsCity snapshot: SSP Group slumps to £300m loss as Covid continues to hammer Upper Crust owner
Upper Crust and Ritazza owner SSP Group has fallen to first-half pre-tax losses of £300m as the ongoing coronavirus restrictions wiped out revenues. Plus, the European Commission has given Total Produce the all clear for its combination with Dole Food Company.
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NewsMedia Bites 8 June: Tesco/Carrefour, Sainsbury’s, Reckitt Benckiser
The papers pick up stories on the end of the Tesco and Carrefour buying alliance, remuneration at Sainsbury’s and the lossmaking sale of Reckit Benckiser’s baby formula business in China.
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NewsCity Snapshot: Reckitt Benckiser offloads baby milk business in China for $2.2bn
Reckitt Benckiser has agreed to sell its struggling baby formula business in China to a global investment firm for $2.2bn (£1.6bn). Plus, Tesco and Carrefour call it a day on purchasing alliance; and English sparkling wine producer Gusbourne increases sales thanks to DTC and international shift during Covid.
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NewsFerrero beats rivals to acquire Burton’s Biscuits for £300m
The deal continues the Italian confectionery giant’s expansion into the sweet biscuit category
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NewsMedia Bites 3 June: Amazon, Footfall, Chapel Down
Amazon is poised to snatch Tesco’s crown as Britain’s biggest retailer in 2025 as the online titan lays waste to swathes of Britain’s high street.
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NewsRays Ice Cream seeking new owners
Established in 2011, Swindon-based Rays Ice Cream operates from a retail store in the Old Town area of the town
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NewsKocktail drinks to crowdfunding success as it prepares for retail launch
Launched in September 2020 by Emil Stickland and Andrew Hutchinson, the business raised £167k in the Seedrs campaign, valuing it at just less than £1m.
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NewsCity Snapshot: Supermarket sales drop as Brits return to the pub
Grocery sales at UK supermarkets have tumbled as locked-down consumers returned to pubs, cafes and restaurants following easing of coronavirus restrictions, the latest data from NielsenIQ showed. Plus, food prices fall for second month in a row as supermarkets battle it out to win shoppers, according to latest BRC-NielsenIQ Shop Price Index.
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NewsFerrero swoops to acquire Burton’s Biscuits to add to growing biscuit empire
The acquisition – for an undisclosed price – adds to the Italian confectionery giant’s growing biscuits empire following the takeover of Fox’s in 2020
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NewsMedia Bites 1 June: Heinz, Caffè Nero, Ocado, Nestlé, Deliveroo
Heinz tomato ketchup will be made in Britain again after its owner announced plans for a £140m upgrade of a site on the outskirts of Wigan.
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NewsRisk Capital kicks off third Gail’s sale process
Bread Holdings, the premium bakery group behind the Gail’s chain, has kicked off a process to find a new buyer as it emerges from the challenges of the pandemic
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NewsFood & drink M&A activity ‘back with a vengeance’ in 2021
Deal activity has roared back “with a vengeance” during 2021 as big fmcg players added in-demand plant-based and DTC brands to their portfolio.
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NewsMedia Bites 27 May: M&S, Tesco, C&C Group, Unilever
The papers go big on their coverage of the M&S annual results.
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NewsGrubby raises £800k to expand plant-based recipe kit offering
Founded by Martin Holden-White last year, Grubby is poised to take advantage of growing demand for meal kits, food delivery and plant-based.
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NewsThatchers defies Covid gloom with strong growth in supermarkets
Revenues increased 22% to £130m in the year ended 31 August 2021 despite the challenges of pubs going into lockdown, newly filed accounts at Companies House showed.
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NewsSeaweed & Co adds advisor to Walgreen Boots COO to its board in equity sale
Mario Patrocollo also took “a small, initial equity stake”, along with future options, in the company.
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NewsCity Snapshot: M&S swings to loss of more than £200m as Covid takes its toll
M&S has sank into the red as revenues fell almost 12% to below £9bn in a year heavily disrupted by the coronavirus pandemic. Plus, Pepco shares jump more than 9% on stock market debut; cider maker C&C Group tumbles to a loss as lockdowns decimate revenues; and Finsbury Food Group lifts profits expectations.