All articles by Ed Devlin – Page 40
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NewsThis preps crowdfunding campaign ahead of move to profitability
This is returning to the crowd for the final time ahead of a major funding round planned for later this year as it seeks to continuing supercharging growth and move into profitability
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NewsMedia Bites 15 February: Heineken, Kraft Heinz, Coca-Cola HBC
Annual results at Heineken, Kraft Heinz and Coca-Cola HBC make headlines this morning
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NewsSpacegoods secures £2.5m to supercharge functional mushrooms and nootropics blends
Wellness startup Spacegoods has closed a £2.5m seed round to accelerate growth of its functional mushrooms and nootropics range
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NewsThe Uncommon raises £1.2m to meet growing demand for English canned wine
Canned wine challenger The Uncommon has secured £1.2m in its biggest funding round to date to help it scale production to meet growing demand in the mults
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NewsCoca-Cola boosted by high prices but volumes come under pressure
Coca-Cola has beaten market expectations as higher prices continued to help the drinks giant to boost revenues. However, volumes declined in its domestic North American market in 2023
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NewsCity snapshot: Food prices fall for first time in more than two years
Food prices have fallen for the first time in more than two years as inflation in the sector continued to ease. Plus, full-year results from Heineken and Coca-Cola HBC
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NewsNaked Wines cashes in Majestic Wine £12m loan to fuel turnaround
The online wine retailer agreed the early redemption of the loan note with CF Bacchus HoldCo for a discounted price of £9.1m
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NewsMedia Bites 13 February: Tea shortages, The Body Shop, M&S
Shoppers have been warned there is a “nationwide” shortage of black tea linked to Houthi attacks on ships in the Red Sea
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NewsLA Brewery seeking £1m from crowd to meet low & no demand
Kombucha maker LA Brewery is launching a £1m crowdfunding campaign amid fizzing consumer demand for alcohol-free alternatives
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NewsCity snapshot: SSP Group expands Australian footprint with ARE deal
Travel food-to-go operator SSP Group has expanded its presence in Australia with the acquisition of Airport Retail Enterprises
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NewsFrozen meal startup Stocked secures £50k on Dragons’ Den
Frozen ready meals start-up Stocked has won backing from Steven Bartlett following an appearance on tonight’s Dragons’ Den
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NewsMedia Bites 8 February: Sainsbury’s, Co-op, Nestlé, PZ Cussons
The unveiling of Sainsbury’s new startegy on Wednesday generated headlines across the papers this morning
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NewsSerious Pig beats £200k crowd target to help DTC sales fly
The business beat its £200k target on the Crowdcube platform in just more than a week, with the campaign standing (at time of publication) at £215k from 445 investors
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NewsHain Celestial lowers 2024 forecasts as it struggles with turnaround
Hain Celestial has downgraded its sales and profits forecasts for 2024 as the owner of Ella’s Kitchen, Covent Garden and Sun-Pat continues with its turnaround strategy
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NewsOMGTea sells majority stake to Japan’s Aiya to bring matcha to the masses
Matcha green tea brand OMGTea has been snapped up by Japan’s Aiya to help the business build a bigger presence in the UK
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NewsCity snapshot: Sainsbury’s targets £1bn in savings as it launches ‘Next Level Sainsbury’s’ strategy
Sainsbury’s is targeting £1bn in cost savings over the next three years as part of its new strategy launch this morning. Plus, PZ Cussons issues a profits warning and Just Eat Takeaway appoints new CFO.
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NewsHeura raises £34m in series B round to fund ‘new chapter’ in plant-based foods
European plant-based brand Heura has closed its long-running series B funding round, raising €40m (£34.2m) in total as it seeks to turn rapid growth into profitability
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NewsEasing inflation helps supermarket volumes in January
Food sales at the supermarkets have grown faster than inflation in January as shopper behaviour normalises amid reducing cost pressures, according to new data published this morning
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NewsMedia Bites 6 February: McDonald’s, junk food, Asda
The business sections focus on McDonald’s reporting its first quarterly sales miss in nearly four years
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NewsCompleat Food Group acquires SK Foods and Zorba Foods
The two businesses specialise in private-label chilled party foods, dips and deli fillings, and have a combined turnover of more than £160m, with in excess of 1,150 employees