All articles by Ed Devlin – Page 63
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NewsMedia Bites 1 September: Co-op/Asda, John Lewis, Cake Box
The Co-op’s decision to sell its petrol stations to Asda in a £600m gets plenty of coverage in this morning’s papers.
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NewsPuresport to tackle retail market after beating £1.3m crowdfunding goal
Professional rugby union player Grayson Hart founded Puresport in 2018 to offer drug-tested athletes a natural alternative to opioid-based painkillers.
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NewsCity Snapshot: Food prices race to 14-year high
Food prices soared to their highest levels for 14 years as mounting pressures on the industry saw strong rises in both fresh and ambient products, according to the latest data. Plus, Asda buys Co-op petrol stations in £600m deal, and Cake Box issues profits warning.
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NewsKerry Group continues ingredients push with $108m acquisition of Kraft Heinz powdered cheese business
The deal for the B2B powdered cheese business – which is part of Kraft Heinz’s ingredients division – includes a factory in Minnesota in the US and 62 employees.
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NewsTree of Life owner Health Made Easy enters administration as health brands sold off
Two health and wellness brands owned by Tree of Life owner Health Made Easy have been sold following the collapse of the group last week
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NewsMedia Bites 30 August: C-stores, energy bills, Co-op, Boots, Waitrose
A round-up of all the news in fmcg across the bank holiday weekend papers.
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NewsCity Snapshot: Asda leads race in £450m sale of Co-op petrol forecourt business
The Co-op has hired advisors to sell its petrol forecourts operation in a bid to raise £450m, with the Issa brothers-owned Asda the front runner to buy the business, according to reports.
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NewsCity snapshot: Hain Celestial blames UK economic struggles for sharp drop in sales
US consumer foods giant Hain Celestial has blamed soaring food prices and falling consumer confidence in the UK for a steep drop in full-year revenues
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NewsMedia Bites 26 August: Asda, Love Hemp, M&S
Asda’s latest quarterly results make headlines in this morning’s papers.
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NewsClean Kitchen Club raises £2m-plus for expansion and retail push
Plant-based fast food chain Clean Kitchen Club has raised more than £2m in a joint seed and crowdfunding round to expand the roll-out of its estate outside of London and push the brand into supermarkets.
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NewsTrip secures £10m for mainstream CBD push
CBD start-up Trip has secured a £10m investment to fuel its rapid growth and bring the brand to a mainstream customer base.
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NewsMedia Bites 25 August: CO2, Asda, Lidl
The UK’s biggest carbon dioxide producer said it would close its Billingham plant in north-east England and Asda to remove best-before dates from fruit and veg.
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NewsGreen Beverages appoints Howard Prince-Wright as chairman
Prince-Wright’s career includes spells as a director at Pepsi-Cola International and as CFO of Burger King Europe, the Middle East and Africa
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NewsTree of Life administrators seek rescue deal as 143 staff made redundant
Almost 150 employees have lost their jobs after wholesalers Tree of Life and The Health Store collapsed this week
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NewsCity Snapshot: Tree of Life appoints administrators
Health food distributor Tree of Life has collapsed into administration after failing to secure investment needed to stay afloat.
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NewsHealth food wholesaler Tree of Life falls into administration
Health food wholesaler Tree of Life has fallen into administration following a failed attempt to secure third party investment earlier this year
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NewsEIT Food launches funding call to support innovation projects in agrifood
EIT Food will support food projects bringing innovative technology solutions to the market in response to specific challenges in the agrifood sector.
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NewsMedia Bites 18 August: inflation, wonky veg, Haleon
The main story of the day is the latest inflation figures, with UK inflation passing double-digits for the first time in 40 years.
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NewsSamworth Brothers pays tribute to late founder and life president Sir David Samworth
The group said Sir David helped shape the modern food industry over ‘a long and successful business career’, as well as giving ‘distinguished service’ in many other roles
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NewsCity Snapshot: Food prices soar to 14-year high
Food and drink prices have jumped sharply once again as inflation in the sector continued to race ahead of the UK headline rate. Plus, first-half results from Carlsberg and Glanbia.