All articles by Ed Devlin – Page 190
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News
Media Bites 28 October: Tesco, AB InBev, Walgreens Boots, Morrisons
Tesco has struck a deal with Sir Philip Green’s Arcadia to bring some of its brands into supermarkets, with Dorothy Perkins, Burtons and Evans set to go on sale in five of the grocer’s biggest stores.
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News
M&A at Finsbury sweetens management pay packets
Executives at Finsbury have enjoyed bonuses worth more than £1m after delivering strong profits growth and completing “transformational” deals at the cakes and baked goods supplier.
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News
City snapshot: 2 Sisters to invest £150m in poultry business as full-year sales fall
2 Sisters Food Group is planning a major £150m multi-year investment in its poultry business as it looks to get back into growth
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News
Media Bites 27 October: Majestic Wine, WHO report, Nestlé, Walmart
A quiet day in the papers as expected as half-term gets fully underway, however, Majestic Wine’s decision to scrap its six-bottle minimum garners plenty of space, as does news that the WHO has linked sausages, bacon and ham to cancer.
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News
Feel Free set for retail push after £200k crowdfunding campaign
Gluten-free food brand Feel Free has hit its £200,000 crowdfunding target at the 11th hour after offering a bigger stake in the business to get the campaign over the line.
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Analysis and Features
Science in Sport raises £8.9m in share placing to break into the US
Science in Sport has raised almost £9m as part of plans to accelerate its international expansion and investment in e-commerce.
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Analysis and Features
Spilt claret: Lidl launches second big posh booze push
Lidl has snapped up 5% of Bordeaux’s output for its latest ’claret offensive’. But can the retailer silence the wine snobs?
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News
Cott Beverages feels effect of own-label soft drinks decline
Revenues have fallen 3% at Cott Beverages as the UK market for own-label soft drinks declined
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News
Vita Coco coconut water sales rocket despite Innocent entry
Growth at coconut water brand Vita Coco has continued to rocket despite Innocent muscling into the category
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News
Rugby World Cup promotions drive retail sales
Supermarket price wars and the Rugby World Cup have provided a shot in the arm for retail sales in food stores last month, according to the latest official figures.
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News
Fmcg administrators hopeful of striking a rescue deal
A buyer is being sought to rescue a personal care and consumer goods business which supplies its products to supermarkets, pharmacies, discounters and wholesalers throughout the UK.
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News
City snapshot: Reckitt Benckiser raises full-year revenue targets
Reckitt Benckiser has defied the City yet again by continuing to beat analyst expectations with a 7% jump in like-for-like sales to £2.2bn in the third quarter.
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News
Media Bites 21 October: Mark Price, Kantar Worldpanel
There is only really one retail story dominating the papers this morning and that is the surprise news of Mark Price’s departure as MD of Waitrose
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News
TDR backs Euro Garages in £1.3bn deal
Forecourt retailer Euro Garages has secured the backing of investment firm TDR Capital in a deal which values the business at £1.3bn.
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News
Vita Coco expands rapidly in UK
Sales and profits at coconut water brand Vita Coco have rocketed in the UK as consumers increasingly look to healthier alternatives to sugary drinks.
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News
Conditions remain tough for big four as discounters speed up growth again
Trading conditions for the big four supermarkets are showing no signs of improving as Aldi and Lidl ramp up growth again, according to the latest market share data.
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News
Mark Price to quit as Waitrose MD
Mark Price is to step down from his role as MD of Waitrose with retail director Rob Collins taking over next year, the retailer has confirmed.
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News
Deals and discounters fuel UK growth at R&R Ice Cream
Ice-cream maker R&R Ice Cream has reaped the benefits of consolidation and the growth of the discounters as sales and profits in the UK soared by 25% and 90% respectively.
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News
Danone baby food growth drives sales ahead of expectations
French food group Danone has beaten forecasts with like-for-like sales rising 4.6% in the third quarter thanks to double-digit growth in its baby formula division.
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News
‘Green shoots’ appear for grocery sector – Begbies Traynor
The beleaguered UK grocery sector is showing the first “green shoots” of recovery as levels of failing businesses in the supply chain eased for the first time in more than two years.