All articles by Ed Devlin – Page 28
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NewsBeyond Meat to axe staff in turnaround attempt
Embattled vegan brand Beyond Meat is planning to axe 19% of its non-production employees in a move to drastically reduce costs
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NewsAdministrators seeking buyer for The Crab Company Scotland
Administrators of premium Scottish shellfish processor The Crab Company are seeking a buyer for the business and assets.
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NewsMedia Bites 2 November: M&S, food waste, CBD
Marks & Spencer has kicked off the Christmas ads season showcasing glamour and featuring celebrities such as Sophie Ellis-Bextor and Tan France
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NewsFmcg profit warnings slow sharply in Q3
Profit warnings at retailers and suppliers have slowed significantly ahead of the golden quarter, according to the latest research
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NewsRaynor Foods shifts to employee ownership model
Family run food-to-go supplier Raynor Foods has transformed its ownership structure and transferred the entire shareholding to its 300 employees
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NewsSeep seeking to clean up household category with £750k fundraise
Founder Laura Harnett launched the eco brand in 2020 with a mission to prevent one billion plastic cleaning tools from entering landfill by 2030
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NewsCity snapshot: Volumes fall at Coca-Cola Europacific Partners as bottler focuses on revenues and margin
Coca-Cola Europacific Partners has seen sales grow ahead of volumes in the third quarter as a result of mixed weather across Europe, higher prices and lapping strong comparatives last year. Plus, Heineken appoints new European president and Glanbia upgrades profit expectations.
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NewsMedia Bites 31 October: Unilever, Premier Foods, McDonald’s
Unilever has frozen the salary of its new chief executive for the next two years after shareholders protested over its executive pay.
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NewsCity snapshot: Premier Foods snaps up Fuel10K in £34m deal
Premier Foods has expanded its presence in the breakfast category with the £34m acquisition of protein brand Fuel10K
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NewsJohn West hit by 78% profits decline as shoppers trade down
John West profits have sunk by 78% as cash-strapped shoppers flocked to discounters and turned to own label to combat inflation.
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NewsOatsu hits funding target as it prepares for major listings
Healthy breakfast start-up Oatsu has surpassed a £100k crowdfunding target as it prepares to launch overnight oats in Holland & Barrett and Co-op.
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NewsMedia Bites 26 October: Shoplifting, Christmas, Reckitt Benckiser, Heineken
John Lewis chair Sharon White has raised fears for the safety of store workers amid a rise of “organised gangs” of shoplifters targeting high-value items
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NewsSignature Brew plots supermarket launch as it hits £700k crowd goal
Signature Brew has launched a £700k crowdfunding campaign to fuel growth and take its beer into supermarkets
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NewsNirvana raises £500k to maintain growth momentum for its low & no brews
The low & now alcohol brewery will use the funds to maintain trading momentum as the London-based business enjoys its most successful year to date
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NewsCity snapshot: Virgin Wines tumbles into the red as sales falter
Virgin Wines UK has fallen into the red as pressure on consumer spending hit revenues and rising costs hurt margins. Plus, Reckitt and Heineken Q3 volumes tumble on higher prices, while Nichols appoints a new CFO.
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NewsCoca-Cola sees boost to volumes despite higher prices
Coca-Cola has defied the trend for declining volumes at its global CPG peers as consumers kept buying its flagship drinks despite further price increases
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NewsMedia Bites 24 October: Eggs, Lidl, real living wage
Low-welfare eggs are flooding into the UK from abroad as experts warn the effects of Brexit could cause even more to be imported.
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NewsCity Snapshot: ‘Unwavering commitment’ in London sees Lidl become capital’s third biggest supermarket
Lidl has overtaken Asda to become the third largest supermarket in London, hitting a market share high of 9.1%.
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NewsCity snapshot: Treatt seeks new CEO as Daemmon Reeve retires
Drinks ingredients supplier Treatt has kicked off a search for a new CEO after Daemmon Reeve informed the board of his decision to retire from the role he has held for the past 11 years. Plus, retail sales register bigger-than-expected drop in September and consumer confidence plunges in October.
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NewsMedia Bites 20 October: shoplifting, Nestle, Deliveroo
Shoplifting has hit a record high of 1,000 offences a day, an unprecedented 25% increase in a year, official figures showed on Thursday.