All articles by Ed Devlin – Page 63
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NewsMondelez International expands healthier snacking portfolio with $2.9bn Clif takeover
The deal expands the Cadbury owner’s snack bar business to more than $1bn following previous complementary takeovers of performance nutrition brand Grenade in the UK and refrigerated snacking player Perfect Snacks in the US.
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NewsMedia Bites 21 June: Ocado, inflation, Primark, M&S
There is plenty going on in today’s papers from a fresh injection of capital at Ocado to ABF kicking off a digital trial at Primark.
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NewsRococo Chocolates rescued in £100k pre-pack deal by Gruppo Illy company
Established on the King’s Road in London in 1983 by Chantal Coady, Rococo struggled to cope during the pandemic, despite a significant increase in online sales throughout lockdown.
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NewsCity Snapshot: ABF sales soar on food price increases and Primark reopening
Group revenues at ABF increased 32% to £4bn as all Primark stores reopened following the ending of lockdown restrictions and it hiked prices in its grocery and ingredients divisions. Plus, Deliveroo appoints a new CFO.
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NewsLittle Cooks kicks off £750k funding drive to back ‘HelloFresh for kids’ concept
The business, founded by Helen Burgess in 2017, will use the funds to grow beyond its monthly subscription boxes of home baking and cooking kits, which are designed to help children and parents engage with healthy eating.
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NewsFerrero UK sales soar by £40m as shoppers seek boxed chocs
Revenues for the UK and Irish operations increased 10.3% to £450.1m in the year ended 31 August
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NewsMedia Bites 17 June: Interest rates, THG, Revlon
The main news in the papers is the latest rise of interest rates by the Bank of England and the subsequent crash in global markets.
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NewsThe Magic Bean Co to create 4,000 jobs under major expansion drive
Starbucks franchise group The Magic Bean Co has outlined ambitious expansion plans to open hundreds of new stores and create 4,000 jobs after securing a £10m bank support package.
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NewsMedia Bites 16 June: WH Smith, THG, Sainsbury’s, food inflation, Unilever, Boots
The papers cover the latest trading update from WH Smith, alongside news of more food price rises to come and Sainsbury’s upping the price war against Aldi and Lidl.
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NewsBloody Drinks hits crowdfunding goal to support retail listings
The campaign on the Seedrs platform is currently overfunding and, at the time of publishing, has raised £265k from almost 200 backers.
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NewsAKT smashes £600k crowdfunding round to scale natural deodorant brand
The campaign on Seedrs values the London-based business at £5m, with 450 investors pledging £800k since the round went live on Monday.
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NewsCity Snapshot: WH Smith optimistic as travel recovery lifts sales above pre-pandemic levels for first time
Group revenues in the 15 weeks to 11 June were 7% ahead of 2019 levels thanks to “a particularly strong” performance from travel.
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NewsMedia Bites 14 June: Petrol prices, Tesco/Lidl, National Food Strategy
The UK competition watchdog will open an investigation into competition in the retail fuel market amid soaring petrol prices.
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NewsCity Snapshot: Distil sinks to a loss as Covid sales fall away
Premium spirits group Distil has fallen to a loss as revenues returned to more normal levels following a lockdown surge.
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NewsNielsenIQ snaps up data consultancy CGA to bring together on and off-trade insight
Based in Chicago in the US and Manchester in the UK, CGA specialises in the out-of-home food and drinks market, working with some the world’s biggest consumer brands, including drinks manufacturers, suppliers and wholesalers, as well as pubs, bars and restaurants.
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NewsGenius to target gut health after takeover
Genius has sought to reposition itself in the functional bread market in a bid to restart growth, tapping into growing consumer interest in gut health.
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NewsThorntons losses under Ferrero hit £190m as closure of retail stores hits sales
Pre-tax losses totalled £26.7m in the 12 months ended 31 August 2021 – a 29% improvement on the prior year’s £37.7m – as overheads associated with the retail operations were erased.
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NewsMedia Bites 10 June: Boots, GCA, Morrisons, Poundland, petrol prices
A potential £5.5bn agreement to buy Boots by PE firm Apollo and one of India’s richest men fills the papers this morning.
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NewsMedia Bites 9 June: CO2, inflation, Tesco, John Lewis
Britain’s biggest fertiliser producer and carbon dioxide supplier to the country’s meat, beer and soft drinks sectors is to close one of its plants as soaring energy costs continue to bite.
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NewsGluten-free bakery Genius Food acquired by German confectionery giants Katjes
Katjes VC arm Greenfood acquired the gluten-free bakery group for an undisclosed amount but said it was its largest acquisition to date.