All articles by Ed Devlin – Page 42
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NewsCity snapshot: Cigarettes and alcohol behind surprise jump in inflation
Rising alcohol and tobacco prices have contributed to an unexpected increase in the annual rate of inflation in December. Plus, Hotel Chocolat shareholders vote on Mars deal, Just Eat Takeaway and Wincanton issue trading updates and Gusbourne appoints a new boss
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NewsVegan and brewery distress sees deal volumes pick up in 2023, says Oghma
M&A activity in food & drink picked up in the final months of 2023 thanks to a combination of pent-up demand and distress in the plant-based and craft brewery sectors, according to a new report published this morning
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NewsMedia Bites 16 January: Ben & Jerry’s, Superdrug, fuel prices
Ben & Jerry’s has called for a permanent ceasefire in Gaza, in a move that risks reigniting tensions with parent company Unilever over the ice cream maker’s stance on Israeli policies
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NewsElla’s Kitchen parachutes in new boss as management team leave en masse
Will Howard left the company last week, part of a management team exodus since owner Hain Celestial introduced a global restructuring strategy at the end of 2023
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NewsFreja raises £2m from fmcg heavyweights and sport stars Harry Kane and Alistair Brownlee
Former Unilever boss Paul Polman and serial investor Giles Brook have backed the business, alongside Childs Farm founder Joanna Jensen and Kiddylicious founder Sally Preston
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NewsLDC-backed Bramble Foods bolts on The Bay Tree Food Co
Private equity-backed fine foods manufacturer Bramble Foods has added to its offering with the acquisition of The Bay Tree Food Co
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NewsM&A 'will ramp up in plant-based category’ in 2024
Consolidation in the plant-based category is expected to ramp up in 2024 as the difficulties facing the sector continue this year, according to a new survey
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NewsCity snapshot: Bakkavor major shareholder Baupost sells stake to US PE firm
Bakkavor has revealed major shareholder Baupost has sold its entire 20.1% stake in the listed prepared food manufacturer to US private equity firm Long Range Capital
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Analysis & FeaturesWhich grocery players hit the stock market jackpot in 2023?
In 2023, crises from Ukraine to the Middle East, plus the ongoing cost of living crisis, battered stocks. Who coped best and what will 2024 bring?
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NewsTDR Capital acquires controlling stake in Popeyes UK
Fast food chicken chain Popeyes UK is under new ownership as British private equity house TDR Capital increased its shareholding
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NewsMedia Bites 11 January: Sainsbury’s, Greggs, BrewDog
Trading updates from Sainsbury’s and Greggs dominate business headlines this morning, but BrewDog’s controversial move to drop new workers from the Real Living Wage also gained plenty of column inches
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NewsVFC Foods eyes more acquisitions as it aims to become ‘vegan Unilever’
Veganuary founder Matthew Glover will be taking a more hands-on role at the group this year
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NewsCity snapshot: Sainsbury’s boosts volumes as Nectar Prices and Taste the Difference win over Christmas customers
Sainsbury’s has boosted food volumes by more than the wider grocery market over Christmas thanks to its Nectar Prices promotions and shoppers trading up to its Taste the Difference range. Plus, full-year trading updates from Greggs and Vimto maker Nichols
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NewsSt Pierre Groupe appoints Sarah Boddy as new boss
Boddy will take the reins from David Wagstaff, who has left the bakery supplier for ‘new ventures’
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NewsCranswick bolts on pork processor Froch Foods
Meat processor Cranswick has completed a bolt-on acquisition of Yorkshire-based bacon supplier Froch Foods to boost its capacity
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NewsCrosta & Mollica secures backing from Perwyn and brings in David Milner
The Italian food brand has secured private equity investment from Perwyn to maintain rapid growth and support international expansion, with fmcg heavyweight David Milner brought in as chairman
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NewsMedia Bites 9 January: Dry January, Majestic Wine, Christmas sales
The Grocer exclusive that Britain’s biggest supermarkets have been increasing the cost of low and no-alcohol drinks for Dry January makes headlines this morning
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NewsGriffiths Family Foods acquires Framptons egg division
Griffiths Family Foods has taken control of the non-core egg division of Framptons to expand the business into the foodservice sector
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NewsCity snapshot: Eagle Eye wins major contract with Canada’s Pattison Food Group
Grocery software provider Eagle Eye has signed a five-year contract with one of Canada’s largest supermarket chains, with the deal also including a first win for the group’s AI offering
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Analysis & FeaturesHow grocery stock market players coped with 2023’s uncertainty
Fmcg players are used to volatility and uncertainty, driven by a plethora of global crises in recent years.