All articles by Ed Devlin – Page 168
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NewsCity snapshot: Fyffes snapped up by Sumitomo Corporation in €751m deal
Ireland-headquartered banana importer Fyffes has been snapped up by Asian global trading group Sumitomo Corporation for €751m (£635m)
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NewsChaucer Food Group to expand UK base after Nagatanien takeover
Chaucer Food Group is set to expand its Hull factory and HQ after its takeover by Nagatanien
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NewsOcado shares take hit from fourth-quarter sales fall
Ocado shares took a hit on Thursday as sales growth slowed and order sizes shrank in the fourth quarter
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InterviewsJames Lousada: the can-do caretaker of Conviviality's crown jewels
You would think James Lousada would want to steer clear of selling booze to the supermarkets…
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NewsSeabrook Crisps hit by heavy promotions but profits rise again
Aggressive promotions have taken a bite out of revenues at Seabrook Crips but failed to dent rising profits at the LDC-backed business.
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NewsWiltshire Farm Foods expands in Yorkshire with bank funding
Frozen meals delivery specialist Wiltshire Farm Foods has secured a five-figure funding package to buy a new depot in Yorkshire.
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NewsMedia Bites 7 December: Amazon, Lego, Co-op
Amazon’s queue-less, cashier-less – and cash-less – grocery store in Seattle comes under the media spotlight.
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NewsCity snapshot: Ahold Delhaize to double online sales by 2020
European food retail giant Ahold Delhaize has outlined a plan to make the most of its international scale following the merger, which includes doubling its online sales in the next four years and a €1bn share buyback.
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NewsRhubarb wins backing of new private equity owner
Private equity firm Livingbridge has snapped up contract caterer and restaurant operator Rhubarb.
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NewsOatly sells stake to fund global expansion
Oat-based milk alternative brand Oatly has raised cash for a global push with the sale of a minority stake.
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NewsMedia Bites 5 December: Brexit, shop prices, Fortnum & Mason, M&S, Walmart
Brexit could lead to cheaper food for consumers if the right policies are adopted, an official from the OBR claims. Plus, shop prices decline for 43rd month in a row.
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NewsFood price deflation slows significantly
Inflationary pressures squeezing suppliers are beginning to filter through to the supermarkets as food price deflation slowed significantly in November, the latest BRC – Nielsen shop price index reveals.
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NewsChaucer acquired by Japanese instant food maker Nagatanien
The deal will see Chaucer, which produces freeze-dried fruit & veg for global blue-chip clients such as Kellogg’s, Unilever, Nestlé and Starbucks, continue its push into the US, as well as opening up the Japanese market.
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NewsMcCormick expands European presence with €120m Enrico Giotti acquisition
Spices and sauces giant McCormick has acquired an Italian flavourings business in a €120m cash deal to expand its presence in Europe after walking away from its pursuit of Premier Foods earlier this year.
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NewsAngus & Oink close in on BackIt funding target
Barbecue sauces brand Angus & Oink is close to reaching its fundraising ambitions on the Tesco crowdfunding site to help upscale production and launch a new product.
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NewsInnis & Gunn raises £2.5m in crowdfunding campaign
The fundraising values the brewer at almost £50m and put a 4.8% stake in the hands of 2,012 investors.
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NewsMedia Bites 30 November: Iceland, John Lewis, Carlsberg
Iceland v Iceland hits the papers again today as the frozen supermarket chain’s bosses hope for a thaw in relations.
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NewsCity snapshot: Britvic sales fizz as PepsiCo brands grow
Sales have fizzed 10.1% higher at Britvic as its UK portfolio of carbonated soft drinks, including PepsiCo brands, delivered growth to offset declines for the Robinsons range
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NewsCrawshaw confident turnaround strategy is working
The value meat retailer reported “good progress” in restoring sales momentum since the trading update in September.
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NewsCranswick calls for clarity from government on EU workers
It comes as the group posted strong half-year results, with revenues up 16% to £581m on the back of double-digit volume growth.