All articles by Ed Devlin – Page 48
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NewsFormer Tree of Life staff win backing for new healthy food wholesaler
An Irish investment group is backing a group of former Tree of Life employees to establish a new healthy food wholesaler in the UK
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NewsCity snapshot: Retail sales return to pre-Covid levels as consumer confidence edges up
Retail sales have jumped by more than expected in February despite the inflationary challenges facing consumers, according to new data published this morning. Plus, consumer confidence also rises in March
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NewsMedia Bites 23 March: John Lewis, Fever-Tree, inflation
John Lewis keeps making headlines amid reports of its plan to sell a minority stake.
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NewsSalad shortages fuels surprise jump in inflation as food prices soar 18%
Food price inflation has hit a 45-year high of 18% amid shortages of fruit and vegetables, according to the latest data out this morning
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NewsCity snapshot: Fever-Tree profits hit by soaring inflation as UK sales fall
Profits have declined at Fever-Tree as inflationary pressures squeezed margins and sales in the UK market shrank as consumers cut back spending to cope with the cost-of-living crisis. Plus, surprise jump in UK inflation as veg shortages push food prices 18% higher.
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NewsDelevingne sisters’ Della Vite secures investment from La Hechicera founders
Della Vite, launched by Chloe, Poppy and Cara Delevingne in 2020, secured more than £3m in an investment round led by the founders of premium rum brand La Hechicera
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NewsCity snapshot: British Honey Co calls in administrators
Listed producer of honey and spirits British Honey Co has announced its intention to appoint administrators following the failure to raise critical funds
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NewsMedia Bites 21 March: John Lewis, Amazon, Magnum
John Lewis remains firmly in the headlines this morning as the papers weigh up what comes next for the retailer.
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NewsNice nears £1m in crowdfunding round to boost wine-on-tap offering
The canned wine startup has raised almost £1m from the crowd to boost the on-trade channel and invest in NPD
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NewsCity snapshot: John Lewis Partnership considers changes to employee-owned structure
The John Lewis Partnership is weighing up plans to dilute its 100% employee ownership in a bid to raise new investment in the face of difficult trading
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NewsKTC snaps up Scottish margarine manufacturer Cardowan Creameries
The deal strengthened the private equity-backed group’s value-added processing capabilities and broadened the product offering, KTC said.
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NewsElla’s Kitchen growth soars as babyfood sector bounces back
Revenues soared 17.9% to £85.8m in the year ended 30 June 2022, according to newly filed accounts.
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NewsMedia Bites 17 March: John Lewis, Deliveroo
The annual John Lewis results take centre stage in the business pages today, with room for Deliveroo as well.
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NewsMedia Bites 16 March: Budget, John Lewis, British American Tobacco
The Budget dominates the papers today, but there is plenty of coverage for John Lewis’ first-ever appointment of a CEO.
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NewsOatly shares surge on profitability promises and better end to 2022 than expected
Shares in Oatly have surged thanks to better-than-expected annual figures, promises of a future profit and $425m of new financing. CEO Toni Petersson said the group was ”well-positioned to start playing offence in 2023”.
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NewsCity snapshot: Vape maker Supreme sells IP of e-liquid brand T-Juice to La Vape Professional Distribution
Vape manufacturer Supreme has agreed to sell the intellectual property of premium e-cig liquid brand T-Juice to a French wholesaler for €4.5m.
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NewsOcean Saver plots ambitious grocery growth plan as it cleans up second crowd round
Sustainable cleaning challenger brand Ocean Saver has returned to the crowd as it seeks to double the size of its grocery business.
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NewsMedia Bites 14 March: Silicon Valley Bank, John Lewis, inflation
The fallout from the failure of Silicon Valley Bank dominates front pages as well as the business sections of today’s papers.
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NewsDunbia picks up Jasper family lamb abattoir in Cornwall
Red meat processor Dunbia has expanded its West Country presence with the acquisition of a lamb processing site in Cornwall
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NewsScrumbles wins BGF backing to grow natural pet food brand
Natural pet food brand Scrumbles has secured a £6m investment from the BGF to continue its omni-channel growth strategy.