All articles by Ed Devlin – Page 16
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NewsMedia Bites 25 April: PZ Cussons, Heineken, Reckitt Benckiser
A decision by PZ Cussons to offload self-tanning brand St Tropez and explore a sale of its Africa business makes headlines this morning
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NewsCity snapshot: PZ Cussons to sell-off St Tropez to refocus group
PZ Cussons is kicking off a sale process for self-tanning brand St Tropez as part of reorganisation of the group. Plus, Reckitt Benckiser, Heineken and Nichols report Q1 numbers, Supreme issues a year-end trading update, and Haleon appoints Tate & Lyle CFO as its new CFO.
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NewsWholebake hires new CFO as turnaround makes progress
Snack bar supplier Wholebake has appointed a CFO and NPD & innovation manager as the business works on a turnaround
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NewsBirds Eye makes two senior hires for UK & Ireland board
Birds Eye has appointed a new UK & Ireland finance director and a country manager for the UK to take responsibility for the Birds Eye, Aunt Bessie’s and Goodfella’s brands, which are all owned by parent group Nomad Foods
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NewsArla Food Ingredients swoops for Volac’s whey nutrition business
Arla Food Ingredients has agreed a deal with dairy business Volac to take over its whey nutrition division and turn the Welsh factory into a global production hub
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NewsSamworth Brothers expands food-to-go operation with Real Wrap Co deal
Samworth Brothers has taken full ownership of food-to-go supplier The Real Wrap Company following the purchase of a minority stake in the business last year
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NewsMedia Bites 23 April: Asda, Tesco, Chill Brands
Asda is in focus in this morning’s papers after releasing its annual results
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NewsMy Emissions secures seven figures for carbon labelling tech rollout
Food tech startup My Emissions has raised a further £1.3m as it prepares to roll out its carbon labelling tool with new national and international partners
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NewsCity snapshot: ‘Supermarket powerhouse’ Asda boosts annual sales and profits
Asda has generated underlying profits of more than £1bn as sales increased for four consecutive quarters in 2023. Plus, vape supplier Chill Brands suspends CEO amid regulatory concerns; and a full-year trading update from PayPoint.
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NewsMedia Bites 19 April: Nestlé, dairy pollution, Deliveroo
Campaigners pushing for Nestlé to make its products more nutritious landed a modest blow on the world’s biggest food company yesterday when 11% of shareholders backed their resolution
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NewsSmol losses increase amid investment drive
Revenues raced 27% higher to £31.2m in the year to 30 June 2023 as it served more customers and registered higher spending, supported by new product launches, according to its latest accounts
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NewsBiotiful Gut Health returns to profitability as kefir sales boom
Revenues jumped 22% to £23.8m in the year to 30 March 2023 at the market-leading kefir brand
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NewsMedia Bites 18 April: inflation, Holland & Barrett, lab-grown sausages
The latest inflation data is the main business story in a quiet day for fmcg in the papers
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NewsThe Artful Baker collapses under weight of cost pressures
The Dorset-based business, which also starred on Channel 4’s Aldi’s Next Big Thing, appointed liquidators from Leonard Curtis on 5 April after experiencing cashflow issues in recent months
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NewsFive Points Brewing celebrates successful crowdfunding round to boost beer capacity
Five Points Brewing is set to boost its brewery and taproom capacity after surpassing a six-figure crowdfunding target
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NewsMosa Meat raises €40m as it readies lab-grown beef launch
The business will use the money to further scale up production processes and prepare to launch its cultivated beef to consumers in Singapore
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NewsCity snapshot: Inflation eases as crumpet and meat prices fall
Inflation has continued to ease in the UK as the price of certain food products started to fall. Plus, Just Eat Takeaway hailed a good start to its new financial year thanks to accelerating growth in the UK and Ireland
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NewsBold Bean Co founder Amelia Christie-Miller wins six-figure young entrepreneur prize
Christie-Miller won £150k to support Bold Bean’s growth from EasyJet founder’s Stelios Philanthropic Foundation
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NewsUnrooted raises another £1.2m to boost growth
A majority of the money was raised from existing investors, but the round also saw former Diageo boss Paul Walsh join the business as a strategic advisor
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NewsMedia Bites 16 April: food prices, Pret a Manger, Bloom & Wild
Shoppers are facing “difficult” increases in food prices because of a wet winter that left fields underwater, a farming leader has warned