All articles by Ed Devlin – Page 111
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NewsMedia Bites 9 Feb: Household spending, hospitality, Brexit
UK consumer spending and retail sales fell in January at the fastest pace since May, suggesting the economy has been hit harder by the current lockdown than November’s restrictions despite people switching to online shopping.
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NewsCity snapshot: Lockdown drives sales boom at Ultimate Products
Ultimate Products has raised its expectations for the year as the boom in online shopping and supermarkets during lockdown continues to benefit the consumer goods group. Plus, Cake Box opens 150th store.
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NewsVirtual wine cellar Drop raises £300k
Virtual wine cellar start-up Drop has surpassed its £300k crowdfunding target as drinkers turn to home delivery in greater numbers during lockdown
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NewsConcerns raised over Asda deal debt
The Issa brothers aim to fund the buyout of Asda using around £3.7bn of junk-rated debt
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Analysis & FeaturesWill Valeo Foods have any biters at £1.5bn?
Reports indicate a £1.5bn price tag on Valeo Foods – but is the timing right for a sale?
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NewsJack & Bry secures £1.3m investment as demand for plant-based meats soar
The start-up plans to use the cash to invest further in artificial intelligence technology to help it develop more jackfruit products and ingredients that closely mimic the texture of meat using a proprietary manufacturing process.
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NewsMedia Bites 4 Feb: Asda/EG Group, Amazon, carbon tax
The finance structure of the £6.8bn takeover of Asda by the Issa brothers and TDR is under the media spotlight this morning.
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NewsMedia Bites 3 Feb: Amazon, Nestlé, Kantar
Amazon CEO Jeff Bezos, who founded the company in 1994, will step down after ecommerce giant recorded $100bn in sales for last three months of 2020.
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NewsMedia Bites 2 Feb: Marston’s, whisky, Amazon
Marston’s has rejected a £693m offer from the Beverly Hills-based private equity group Platinum Equity on the basis that it “significantly undervalues” the business.
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NewsCity snapshot: Gusbourne DTC sales soar during lockdown
Revenues at English sparkling wine producer Gusbourne have fizzed higher as drinkers ordered more from the company’s own website during lockdowns. Plus, Coca-Cola European Partners received clearance from Australian competiton watchdogs for its acquisition of Coca-Cola Amatil.
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NewsPepsiCo and Beyond Meat launch ‘win-win’ Planet Partnership joint venture
The move will also see the consumer goods giant launch a new range of sustainable, ethical products
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Analysis & FeaturesWhat Stuart Rose brings to EG Group
Analysts have welcomed the appointment of the former Ocado chairman and CEO of M&S
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NewsMedia Bites 28 January: Valeo, Poundland, Imperial Brands, Boots
Valeo has reportedly appointed Goldman Sachs to launch an auction that could fetch more than £1.5bn and cement its status as one of Europe’s biggest privately owned food producers.
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NewsHippeas closes $50m funding round
The money from The Craftory will be used to increase production capacity, boost distribution and continue with product innovation, as well as bolstering the business’ sustainability credentials.
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NewsCity snapshot: Shop prices tumble as lockdown drags on
Shop prices have fallen by 2.2% this month as retailers desperately tried to entice consumers to spend money online as lockdown restrictions continued, according to the latest shop price index by the British Retail Consortium and Nielsen.
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NewsPepsiCo creates plant-based joint venture with beyond Meat
PepsiCo has teamed with Beyond Meat to take advantage of the booming meat alternatives market and develop a host of new plant-based snacks and drinks.
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NewsVirtue Drinks scores investment from Chris Smalling
It’s the sixth investment Smalling has made in the past year, with four in the food and drink space and a focus on sustainable and ethical brands, such as Allplants, This, Livia’s and plant-based dog food start-up The Pack.
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NewsHun beats £400k funding target as investors flock to canned wine brand
The business, which is backed by Waitrose CEO James Bailey, plans to overfund to £600,000 after raising more than £450,000 from 140 investors following the pitch going live on the Seedrs platform.
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NewsMedia Bites 26 January: High Street, Morrisons, Greenpeace
The papers focus on the troubles on the high street after Boohoo acquired Debenhams online business and Asos circles Topshop.
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NewsCity snapshot: Sainsbury’s and Waitrose sites bought for £65m
Supermarket Income REIT has snapped up a Sainsbury’s and a Waitrose store for £64.8m. Plus, Tesco sets general meeting date to vote on £5bn special dividend from Asia sale.