All articles by Ed Devlin – Page 71
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NewsMedia Bites 24 May: Starbucks, Superdrug, THG
Starbucks has become the latest consumer brand to pull out of Russia as the wider exodus of multinational companies from the country continues three months after its invasion of Ukraine.
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NewsCity Snapshot: Moonpig to bulk up gifting proposition with £124m acquisition of Buyagift
Online greeting card group Moonpig has proposed a £124m deal to acquire gifting experiences company Buyagift. Plus, DTC ready meal group Parsley Box hires marketing director.
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NewsMedia Bites 23 May: THG, M&S, Tesco, Ocado, Pets at Home
THG remains in focus for the papers over the weekend as the embattled firm awaits further higher bids in takeover talks.
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NewsThis plots biggest-ever meat-free crowd round to supercharge growth
This – launched in 2019 by Andy Shovel and Pete Sharman – is aiming to raise at least £4m from the round but expects to overfund and beat the €5.4m (£4.6m) raised by Spanish brand Heura last month
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NewsMedia Bites 20 May: THG, Iceland, online sales tax, Co-op
A shock offer by property mogul Nick Candy to take THG private makes headlines this morning.
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NewsMedia Bites 19 May: Premier Foods, inflation, Arla Foods, Ocado, Impossible Foods
The papers are filled with stories on the latest inflation figures and how it is affecting the likes of Premier Foods, Ocado and milk producer Arla.
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NewsS-Ventures acquires Amazon specialist Market Rocket to launch digital drive for brand portfolio
Fmcg investment house S-Ventures has added an Amazon specialist to its portfolio, with the acquisition of Market Rocket.
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NewsM&A activity slows as inflationary pressure builds
Soaring inflation is putting increasing pressure on M&A activity in the food and drink industry, a new report warns
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NewsCity Snapshot: Premier Foods to hike prices higher as Mr Kipling helps group beat profit forecasts
Premier Foods beats profit expectations for the year but warns of more price hikes. Plus, UK inflation hits 40-year high of 9% in April; Virgin Wines strikes strategic partnerships with Great Western Railway and Currys; and Marston’s returns to profit as pub trading returns to normal.
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NewsJam n Vegan scores backing from Veg Capital for retail push
The business will use the £200,000 investment to build brand awareness, expand the team around founder Kyle Parchment and open up new channels.
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NewsSomething & Nothing targets US expansion with £1.5m VC backing
Premium seltzer brand Something & Nothing has raised £1.5m in a private investment round to capitalise on growing demand in the US for its range of drinks.
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NewsMedia Bites 17 May: Greggs, inflation, pig farmers, McDonald’s
Greggs makes the headlines as outgoing CEO Roger Whiteside delivers final trading update, while the Bank of England govenor appears before a select committee to talk about soaring inflation and an “apocalyptic” rise in food prices.
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NewsCity Snapshot: Greggs recovery continues but cost pressures set to increase
A recovery at Greggs has continued in the first quarter as like-for-like sales jumped 27.4% but the high street bakery chain warned of increasing cost pressures.
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NewsTom Savano ready to scale premium premixed cocktail brand with help from the crowd
After launching at the end of 2019, the business has already generated £700k in revenues, selling more than 40,000 of its bottled “super-premium” cocktails.
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NewsMedia Bites 22 April: Nestlé, EG Group, Boots, THG, Poundland, Carlsberg, AB InBev, Oatly
The papers are packed with food and drink news this morning as Nestlé warns of more price rises, consumer confidence plunges, THG reveals it has become a takeover target, fears that a sale of Boots may be stalling and more…
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NewsMedia Bites 21 April: Just Eat Takeaway, P&G, Heineken
The papers put the spotlight on Just Eat Takeaway’s decision to offload Grubhub.
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NewsHeura smashes €1m crowdfunding target as thousands invest in plant-based brand
Its second ‘Equity for Good Rebels’ campaign on the Crowdcube platform saw the Spanish-headquartered business reach its €1m goal in just 30 minutes.
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsDrty Drinks plans retail expansion after securing six-figure funding package
Founded in 2019 by Matija Pisk and Oli Clements, Drty makes carb-free hard seltzer in a range of natural fruit flavours, with listings in Waitrose, Asda, Ocado and BP forecourts.
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NewsCity Snapshot: Heineken sales surge as pubs reopen but cost pressures remain
Beers sales at Heineken have rocketed in the first quarter as pubs reopened across Europe and Asia and the Dutch brewer hiked prices. Plus, full-year trading updates for Naked Wines and Real Good Food; and first-quarter figures from Danone and Just Eat Takeaway.