All articles by Ed Devlin – Page 117
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NewsMission Ventures fund backs Jim Jams with £200k investment
Mission Ventures’ Good Food Fund has backed spreads start-up Jim Jams with a £200,000 investment to help scale the business.
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NewsCleanCo raises glass to £7m investment as nolo category booms
It takes the total investment secured by the company founded by Made in Chelsea star Spencer Matthews to £9.1m since it launched in 2019.
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NewsCity snapshot: Deliveroo valuation surges to $7bn as it eyes IPO
Food delivery service Deliveroo has raised more than $180m (£133m) from its existing backers as it prepares for a potential stock market flotation.
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NewsWhite Rabbit targets £300k from crowd to back range increase
The crowdfunding push, which follows a surge in demand during Veganuary, is set to go live on the Seedrs platform on 20 January
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NewsHain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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NewsGiles Brook makes way for Tim Rees at Vita Coco UK & Europe helm
UK MD Tim Rees has expanded his responsibilities to include the whole of the EMEA region
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NewsBarilla snaps up DTC Pasta Evangelists
Italian food giant Barilla has snapped up direct-to-consumer business Pasta Evangelists to tap into booming e-commerce demand in the UK during the coronavirus pandemic.
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NewsMedia Bites 14 January: Brexit, Lidl, Just Eat, Unilever
The UK government is proposing to fast-track empty supermarket food lorries returning to Europe to restock, as concerns mount in Whitehall that post-Brexit port disruption threatened supermarket supply shortages.
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NewsRecord year for food and drink on Seedrs
During the year, 58 food and drink campaigns hit their Seedrs funding targets, a 29% increase on 2019, raising £45m, which represented a 121% rise on the prior period.
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NewsCity snapshot: Pink fizz and festive jumpers drive record Christmas at Lidl
Lidl increased overall sales 17.9% in the four weeks to 27 December compared to Christmas 2019 to outperform its big four rivals and Aldi. Plus, Just Eat sees orders surge again in fourth quarter as new lockdowns benefit the takeaway delivery app.
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NewsMedia Bites 12 January: Morrisons/Sainsbury’s, Brexit, M&S
Sainsbury’s has joined Morrisons in saying it will enforce the wearing of masks in its supermarkets.
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NewsNomad Foods confirms talks with Fortenova Group to buy frozen foods business
Birds Eye owner Nomad Foods is looking to extend the reach of its frozen empire in Europe after entering exclusive talks with Fortenova Group to buy the Croatian company’s frozen foods brands.
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NewsCity Snapshot: Post Office delivers strong Christmas as online shopping booms
The boom in online Christmas shopping fuelled by the coronavirus crisis has seen the Post Office deliver a 17% rise in December sales. Plus, Commercial landlord British Land has collected less than half the rent due from its retail tenants in December as tightening coronavirus restrictions forced many shops to close once more.
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NewsHalo Coffee targets crowd funds of £300k as demand rockets
Eco coffee pod brand Halo Coffee has turned to the crowd to seek £300,000 following an explosion in demand for in-home brews
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NewsFiddes Payne reaps benefits of pre-pandemic production hike
Fiddes Payne has returned to growth as its range of home baking kits, pulses pouches and cake decoration products appealed to locked-down shoppers this year
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NewsConfectionery manufacturer Bon Bon Buddies winds up
Confectionery manufacturer Bon Bon Buddies has voluntarily wound up the business after being placed into liquidation by its creditors
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NewsCapVest set to win IPN auction
Capvest has seen off competition from Cranswick as well as fellow private equity players Ontario Teachers and Bridgepoint
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NewsMedia Bites 17 December: Asda, Brexit, sherry
The Issa brothers have drafted in advisers to prepare a £1.2bn sale and leaseback of Asda’s distribution centres ahead of their £6.8bn takeover of the supermarket chain.
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NewsCity snapshot: Falling food prices push inflation back in November
A drop in food and non-alcoholic drinks prices as England went into a second lockdown has contributed to a significant fall in the UK inflation rate in November, according to official figures. Plus, British American Tobacco is ready to test its Covid vaccine on humans.
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NewsMedia Bites 16 December: Pay gap, Ocado, Brexit
Online grocer Ocado paid its chief executive about 2,600 times its average worker last year, according to new research that shows the yawning gap in wages between the boardroom and the shopfloor across British industries.