All articles by Ed Devlin – Page 13
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NewsThis improves margins as meat-free brand halves losses
The business has slashed the total number of SKUs produced from 100 to 44 as part of its strategy to become profitable
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NewsFood & drink M&A momentum continues as UK activity hits eight-year high
Volumes in the sector for the first quarter matched the 40 recorded in the final three months of 2024, data from professional services firm Grant Thornton showed
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Comment & OpinionCranswick’s new animal welfare review is money well spent
It’s understandable that Cranswick’s trading update focused on its impressive financial details – but it was, perhaps, short-sighted not to make animal welfare more central
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NewsCranswick to review animal welfare as it posts record revenues and profits
Cranswick announced the ‘new, fully independent, expert veterinarian review’ this morning as it reported record annual revenues and profits over the past year
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NewsValerie completes six-figure pre-seed round for perimenopause supplement
A group of angel investors led the £514k pre-seed round, with backing coming from serial investor and former Innocent director Giles Brook
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NewsPremier Foods eyes M&A push as sales of brands pass £1bn
CEO Alex Whitehouse called the 52 weeks ended 29 March “another strong year” for the group and highlighted further M&A as a central pillar of the growth strategy
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NewsHeura secures €20m EIB loan to boost plant-based innovation
The fresh capital will also help the business scale up production capacity as it invests in equipment at its laboratories and co-manufacturer facilities in Spain
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NewsCity snapshot: Consumer confidence remains fragile ahead of spring budget
Consumer confidence has made a marginal improvement ahead of next week’s spring budget but there were no signs of any real recovery, according to a closely watched survey out this morning
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NewsUnilever to sell The Vegetarian Butcher brand to Vivera
Unilever has agreed to sell The Vegetarian Butcher to Vivera for an undisclosed sum
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Analysis & FeaturesWhat a mega-merger would do for Bakkavor, Greencore and own label
Will Bakkavor founders sell to Greencore, what are the benefits of the proposed mega-merger - and would the CMA clear it?
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NewsInspired Pet Nutrition confident after transformative Butcher’s deal despite widening losses
Losses have widened at Inspired Pet Nutrition ahead of the transformative acquisition by the private equity-owned petfood group of Butcher’s Pet Care
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NewsPepsiCo acquires gut health soda brand Poppi for $2bn
PepsiCo said the brand’s ‘consumer-first approach, cultural cache and nutritional profile’ had ‘nurtured a loyal fanbase and driven rapid growth’
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NewsCheesegeek sold in pre-pack administration deal as backer Steven Bartlett loses out
Artisan online cheesemonger Cheesegeek has been rescued from administration by the Albex Group, The Grocer can reveal. However, the pre-pack deal means Steven Bartlett and other backers, including the crowd, won’t see a return on their investment
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NewsCity snapshot: Eagle Eye confident of hitting £100m revenue goal
Eagle Eye is aiming to propel revenues towards £100m following a reset of the business to focus more on its software as a service operation
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NewsBakkavor rejects Greencore merger approach to create a £4bn food giant
Shares in Bakkavor have rocketed by 16.6% as the markets digested the news
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NewsCity snapshot: Economy shrinks unexpectedly ahead of spring Budget
The UK economy contracted unexpectedly in January, dealing Chancellor Rachel Reeves a blow ahead of the crucial spring budget later this month
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NewsFood & drink deal activity bounces back to five-year high in 2024
Dealmakers are confident momentum in the food & drink M&A market is set to ramp up in 2025 after activity in the industry recovered to a five-year high in 2024
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NewsStaff miss out on bonus as profits triple at John Lewis Partnership
Profits have tripled at the John Lewis Partnership as the retail group made ‘solid’ progress on its turnaround but staff still missed out on a bonus for the third year in a row
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NewsCérélia admits CMA defeat and sells Jus-Rol to private equity
London-based Rinkelberg Capital acquired the Jus-Rol business from the French bakery giant after numerous appeals by the group to overturn the CMA’s order to unwind the deal fell flat
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NewsValentine’s Day lifts food sales in February
Food sales received a Valentine’s Day boost in February but growth remained muted and volumes declined, according to new data released this morning