All articles by Ed Devlin – Page 69
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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.
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NewsCity Snapshot: WH Smith appoints new chairman to succeed Henry Staunton
Annette Court will join the board of the retailer as a non-executive director and chairman designate on 1 September and take over Staunton’s position on 1 December.
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NewsMedia Bites 7 June: Sainsbury’s, alcohol-free beer, petrol prices
Sainsbury’s revealed its chief executive received pay worth £3.8m in the latest financial year even as it rejected calls from big investors for it to ensure all workers in its stores receive a living wage.
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NewsLixir secures seven-figure funding to ‘catapult’ it to next stage of growth
New strategic investors joined with existing backers, including former Pernod Ricard commercial director Chris Ellis, to invest £1.1m in the future growth of the brand.
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NewsFootballer Chris Smalling launches eco-friendly VC fund
ForGood will invest between £50,000 and £1m in businesses addressing environmental issues, such as climate change.
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NewsCity Snapshot: Gusbourne reveals sparkling growth on Covid recovery
Revenues have almost doubled at Gusbourne as the English wine maker emerged from the pandemic with a growing online presence.
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NewsBrewDog narrows losses thanks to efficiencies and jump in sales
Punk craft beer brand BrewDog has narrowed its losses as NPD and growing supermarket distribution helped revenues jumped 21% last year.
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NewsCity Snapshot: Grocery price inflation accelerates at decade-high pace
Food prices accelerated at their fastest rate in more than decade as retail trade body the BRC warns inflation is set “to get worse before it gets better”.
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NewsUnilever shares soars as it hands activist investor Nelson Peltz board seat
Peltz will join the Persil, Dove and Magnum maker as non-executive director on 20 July, as well as taking a place on the group’s compensation committee.
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NewsShandy Shack closes second funding round as revenues accelerate towards £1m
The business will use the £235,000 raised from a group of angel investors to grow its team, including the recruitment of a brand manager joining from Graze in June, support listings with Sainsbury’s and to expand the direct-to-consumer operation.
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NewsUnilever snaps up hair loss supplements brand Nutrafol
Unilever has continued to expand its focus on the health and wellness category with the acquisition of US hair loss supplement maker Nutrafol.
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NewsMedia Bites 31 May: Inflation, Morrisons/McColl’s, Jus-Rol, National Lottery
The papers all have different takes on the effect of the cost of living crisis on supermarket value ranges.
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NewsNomad Foods boss Wayne Hudson to leave Birds Eye owner
Wayne Hudson is leaving his role as UK MD of Bird’s Eye owner Nomad Foods and taking time out of the food and drink industry