All articles by Ed Devlin – Page 160
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NewsKarro Food Group set for £180m sale following turnaround
Pork processor Karro Food Group is set to be snapped up by new private equity owners in a deal worth about £180m after a turnaround by backers Endless.
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NewsChi secures funds to accelerate growth
Coconut water, milk and oil brand Chi has secured £1.5m from high net-worth backers and overseas distribution partners
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NewsYorkshire Game snapped up ahead of retail push
Game and venison supplier Yorkshire Game has been acquired by former Symington’s CEO David Salkeld meat industry veteran Adrian Lyons in a bid to get more wild products in the supermarket meat aisles
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NewsMedia Bites 16 March: National insurance U-turn, Brexit, inflation, Unilever
The embarrassing climb down by Chancellor Philip Hammond over national insurance hikes for the self-employed dominates coverage this morning, with the papers calling it a Tory U-turn.
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NewsCity snapshot: Sainsbury's warns of competitive pressures as like-for-like sales decline
Sainsbury’s CEO Mike Coupe has warned this morning of “very competitive” market conditions as like-for-like sales fell 0.5% at the supermarket in its fourth quarter, including a 4% slump in the general merchandise division. Plus, logistics firm Wincanton secures five-year contract with discount retail chain Wilko.
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NewsCity snapshot: Ocado remains in double-digit growth but points to pricing pressures
Ocado recorded overall sales growth of 13.3% in the first quarter to 26 February 2017, but CEO Tim Steiner warned of a “change in market pricing dynamics” hitting the industry
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NewsCity snapshot: Morrisons turnaround well under way as profits surge
Morrisons has delivered its first year of like-for-like growth and underlying pre-tax profit since 2011/12
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NewsMedia Bites 9 March: Budget, Brexit, shrinkflation, Stock Spirits, Restaurant Group
The Budget is, predictably, the main focus for the papers today as Chancellor Philip Hammond set out his post-Brexit path for the British economy.
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NewsMedia Bites 8 March: Kantar/Nielsen , inflation, Aldi/Lidl, Budgens, Laurie McIlwee, food waste
The latest Kantar and Nielsen data showing inflation starting to bite and the discounters grabbing record share gets plenty of attention in the papers.
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NewsCity snapshot: Stock Spirits in 'much stronger' position after turbulent year
Sales and underlying profits declined at UK-headquartered Stock Spirits Group during a turbulent year for the drinks business, but the new CEO said it was now in a ”much stronger position”. Plus, John Menzies publishes annual results.
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NewsBarking Heads owner Pet Food UK secures £5m backing from PE firm Piper
Barking Heads and Meowing Heads owner is the latest business in the fast-growing premium petcare sector to receive a private equity cash injection as Piper takes a minority stake.
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NewsMedia Bites 7 March: Seabrook Crisps, BRC, business rates, Tesco
The Times carries the story revealed by The Grocer yesterday that Seabrook Crisps has appointed Houlihan Lokey to help it expand abroad.
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NewsCity snapshot: £1 in every £8 spent on groceries goes to Aldi and Lidl as inflation bites
Discounters Aldi and Lidl have grabbed a record share of the grocery market, accounting for more than 12% of supermarket sales in the UK for the first time, Nielsen revealed this morning
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NewsSeabrook Crisps appoints Houlihan Lokey to explore overseas acquisitions
Seabrook Crisps has appointed corporate advisors to explore strategic options, including overseas acquisitions, The Grocer can reveal.
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NewsGrenade snapped up by Lion Capital in £72m deal
Sports nutrition business Grenade has been acquired by private equity firm Lion Capital in a deal worth £72m.
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NewsPrinces appoints new MD as Easterbrook retires after 35 years at the business
Princes has appointed a new MD to take over from Mike Easterbrook, who is retiring after more than 40 years in the food industry.
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NewsAuthentic Food Co sales hit record levels after heavy investment
Sales have soared 50% to close to £74m at ready meals producer The Authentic Food Company as it invested heavily in the Irish frozen factory acquired from Heinz in 2015.
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NewsMiso Tasty seeks £150k to launch new ramen noodle kits
Japanese snack brand Miso Tasty is raising £150k in a crowdfunding campaign to support the launch of a new line of ramen noodle kits in 300 Waitrose stores.
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NewsPersonal care firm crushed by pricing pressures
A group of personal care and household companies, which supplied high street retailers and supermarkets, has called in administrators, with the loss of 72 jobs.
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NewsCrowdcube darlings Lick and Feel Free go under
Public set to lose out as two crowdfunders go under after six figure fundraising campaigns