All articles by Ed Devlin – Page 36
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NewsCoca-Cola launches $138m sustainability fund to reduce carbon footprint
The Coca-Cola Company and its bottling partners around the world have closed a $138m (£105.6m) venture capital fund focusing on sustainability investments
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NewsMedia Bites 13 July: Superdrug, Co-op, Molson Coors, JD Wetherspoon
In a quiet morning for fmcg news, the papers pick up on financial results at Superdrug and a potential frontrunner to take the chair at Co-op Group.
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NewsSamworth poised to axe plant-based Revolution Kitchen business
Samworth Brothers is exploring the closure of its lossmaking plant-based Revolution Kitchen business, putting hundreds of jobs at risk
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NewsCity snapshot: Wincanton volumes hit in challenging market
Revenues have declined at logistics provider Wincanton as its grocery, consumer and general merchandise divisions recorded lower volumes amid the ongoing economic headwinds.
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NewsRTD cocktail brand Whitebox ready for UK and export growth thanks to crowd backing
RTD cocktail startup Whitebox has beaten a £450k crowdfunding target as it aims to ramp up NPD and grow distribution in the UK and overseas
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NewsJude’s forecasts more rapid growth as sales jump 38%
The sustainable ice cream brand significantly expanded distribution and boosted its offering with wide-ranging NPD, including a move into plant-based products
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NewsMedia Bites 11 July: Waitrose, Amazon, Ocado
Waitrose customers will have the option to order their produce from Uber Eats after the supermarket signed a multi-year deal with the online delivery company.
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NewsPooch & Mutt snapped up by production partner Vafo
Petfood brand Pooch & Mutt has been taken over by long-term production partner and backer Vafo in ‘a multimillion-pound deal’
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NewsOatly ready for next phase of growth as it appoints new CFO
Oatly has appointed Marie-Jose David as chief financial officer, marking a complete change in the leadership team of the plant-based group
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NewsCity snapshot: Wilko in talks to secure turnaround investment
Struggling discounter Wilko is seeking fresh capital from turnaround investors as it continues to work on a restructuring agreement.
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NewsTesco confirms appointment of Tate & Lyle chairman to replace John Allan
Tesco has appointed Gerry Murphy as its new chairman to replace scandal-hit John Allan
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NewsTonic Health launches with Walmart supported by six-figure crowd investment
The gummies are made without any sweeteners or artificial ingredients, and use beetroot fibre instead of sugar as a primary ingredient
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NewsMedia Bites 6 July: Asda, Waitrose, Diageo
Asda has been summoned to appear before MPs again after “discrepancies” emerged over its fuel pricing strategy and “unclear” fire-and-rehire policy.
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NewsMeatless Farm administration report lifts lid on collapse
Meatless Farm owed creditors more than £2m when it collapsed last month, according to a report, which also revealed how much vegan rival VFC paid to rescue brand
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NewsCity snapshot: Supreme upgrades profit forecasts as it strikes ElfBar distribution deal
Vape manufacturer Supreme has significantly upgraded its profit expectations for its 2023/24 financial year. Plus, Science in Sport chairman John Clarke is stepping down after nine years
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NewsMedia Bites 4 July: Fuel prices, Unilever, plant-based, low & no
The CMA’s report on supermarket price practices at the forecourts makes headlines in this morning’s papers.
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NewsHeather Mills picks up Plant & Bean meat alternatives factory from administration
Mills – the founder of plant-based group VBites – purchased the Lincolnshire factory and associated equipment from administrators at Interpath for an undisclosed sum
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NewsCity snapshot: Tesco confirms appointment of Tate & Lyle chairman to replace John Allan
Tesco has appointed Gerry Murphy as its new chairman to replace scandal-hit John Allan. Plus, shares in Science in Sport have been suspended, and Eagle Eye to enhance Morrisons loyalty offering following contract win.
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NewsYum Bug to take insects mainstream with BrewDog backing
The business secured £200k from James Watt and topped up with another £101k from more than 320 investors on Crowdcube, with the round valuing the startup at £5m
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NewsMedia Bites 29 June: Greedflation, Ocado/Amazon, Nestlé
A quiet morning in the papers that covers Chancellor Jeremy Hunt scrutinising profits in the food industry supply chain and Ocado Amazon rumours fading away.