All articles by Ed Devlin – Page 39
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NewsHeura turnover boosted by Waitrose listing in 2023
Plant-based brand Heura has boosted turnover by more than 20% to €38.3m (£32.8m) in 2023, helped by growth of 81% in the UK as its listing in Waitrose bolstered the Spanish-headquartered business
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NewsJollyes appoints Andy Bond as chairman as Asda co-owner TDR Capital takes majority stake
Asda’s PE backer TDR Capital has taken control of fast-growing petcare retail chain Jollyes, bringing in Andy Bond as chairman
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NewsMedia Bites 29 February: Ocado, Jollyes, Reckitt Benckiser, Just Eat Takeaway
Results from Reckitt Benckiser and Just Eat Takeaway are picked up by the papers, along with stories on Ocado and Jollyes
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NewsBeyond Meat shares rally as vegan brand plots higher prices and better margins
Shares in Beyond Meat have shot up by 45% as the plant-based foods group signalled a move to raise its prices and highlighted improving margins as a result of cost cutting
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NewsMorrisons explores potential sale of Rathbones bakery
Morrisons is reportedly weighing up a sale of its Rathbones bakery as the supermarket continues to investigate ways to shrink its debt burden
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NewsWincanton shares soar as GXO sparks potential bidding war for logistics group
US logistics firm GXO has been given a deadline to ‘put up or shut up’ after sparking a potential bidding war for Wincanton this week
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NewsCity snapshot: Reckitt Benckiser disappoints amid falling volumes and a weak Q4
Consumer goods giant Reckitt Benckiser has performed below City expectations in 2023 as like-for-like revenues declined 1.2% in a “unsatisfactory” fourth quarter. Plus, Just Eat Takeaway and Glanbia report full-year results
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NewsVegan Food Group acquires Germany’s TofuTown
TofuTown generates annual revenues of €60m (£51m) and makes all-natural, organic tofu, plant-based spreads and meat alternatives in one of Europe’s largest vegan factories
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NewsMedia Bites 27 February: Morrisons, budget, food inflation, Wincanton
Morrisons has hired advisers to explore the potential sale of its bakery business, as the supermarket considers offloading assets to pay down debts, according to reports in this morning’s papers
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NewsVegetarian Express to scale faster thanks to £15m NVM Private Equity investment
Plant-based ingredients supplier Vegetarian Express has secured a £15m investment in return for a controlling stake in the business from NVM Private Equity
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NewsDriscoll’s strikes deal to acquire Australia’s Costa Group
US berry giant Driscoll’s has expanded its presence in Australia with the acquisition of Costa Group, a leading grower, packer and marketer of fresh fruit and vegetables in the country
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NewsCity snapshot: Wincanton backs increased £605m takeover offer from CEVA
Logistics group Wincanton has received a higher takeover offer from French multinational CEVA Logistics after a final-hour approach from a potential competing bidder
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NewsCraft beer platform Brewser nears £150k crowd target
The business, founded by Lewis Ryan, Oliver Morgan and James Atherton in 2021, connects drinkers directly with indie breweries in the UK and overseas
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NewsCharlie Bigham’s growth slows as straitened shoppers buy less
Volumes were flat in the year ended 31 August 2023, compared with double-digit gains in the prior 12 months
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NewsMedia Bites 22 February: UPF, Brexit, Mondelez
Seven of the top ten global food manufacturers made more than two thirds of their food and drink sales in Britain from unhealthy products, according to a study covered in this morning’s papers
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NewsCity snapshot: Tate & Lyle hit by soft consumer demand in Q3
Tate & Lyle has reported a 4% drop in third-quarter revenues as softer consumer demand and customer de-stocking hit the ingredients supplier. Plus, C&C Group launches €15m share buyback programme
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NewsWholegood founder Carl Saxton-Pizzie back as CEO in turnaround bid
Wholegood has parted ways with CEO Martin Sandler, with founder Carl Saxton-Pizzie retaking the reins as the specialist wholesaler looks to cut costs
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NewsMedia Bites 20 February: Farmer protests, Aldi, farm shops
It’s a quiet morning for fmcg news in the papers, with the FT picking up on farmer protests in Europe
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NewsFaace secures Dragons’ Den deal from trio of dragons
Founder Jasmine Wicks-Stephens walked away from the den with a combined £60k investment from Steven Bartlett, Peter Jones and Touker Suleyman
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NewsCity snapshot: Artisanal Spirits Company on track as membership soars
Scottish whisky business Artisanal Spirits Company has reported its revenues for 2023 to be at the top end of its expectations as membership numbers increased significantly