All articles by Ed Devlin – Page 74
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NewsZinda Foods secures six-figure investment as food-to-go recovers from Covid disruption
Food-to-go supplier Zinda Foods has bounced back from Covid disruption to close its first-ever investment round.
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NewsCity Snapshot: Fever-Tree revenues fizz higher but short-term cost pressures loom
Revenues at premium mixer brand Fever-Tree Drinks have jumped 23% to £311.1m despite Covid restrictions hampering on-trade activity as shoppers enjoyed more cocktails at home. Plus, a profits warning from Bulmers owner C&C Group and strong interims from Eagle Eye Solutions.
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NewsFoodHak secures seven-figure backing to take on meal kit market
Entrepreneur Sakshi Chhabra Mittal – a member of the Indian billionaire family dynasty – launched the London-based business at the start of the year.
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NewsJC Rook & Sons falls into administration with 155 redundancies
Butchers chain JC Rook and Sons has ceased trading after the Omicron surge at the end of 2021 hampered the peak Christmas period.
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NewsMedia Bites 15 March: Wilko, National Lottery, Ukraine/Russia, inflation
UK homeware retailer Wilko has apologised after issuing guidance to staff in England telling them they should attend work even if they are Covid-positive, as concerns grow over a fresh wave of hospital admissions.
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NewsSmall Beer to ramp up brewing capacity as demand for low & no booms
Small Beers has pulled in more than double its £300k target in a new crowdfunding campaign as backers flocked to invest in the fast-growing low ABV craft brand.
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NewsSkinny Tonic owner Happy Drinks Co smashes £5m crowdfunding round
Happy Drinks Co has smashed a £5m crowdfunding target to expand the reach of its collection of ‘healthier’ drinks.
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NewsCity Snapshot: Cake Box strengthens exec team in bid to move past audit issues
Bakery chain Cake Box has brought in new blood to its board and management team as it looks to move past governance and audit problems, with co-founder Pardip Dass stepping down as CFO after more than ten years in the role.
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NewsMedia Bites 10 March: Russia/Ukraine, cost-of-living crisis, Unilever
The main focus in the papers today is the ongoing exodus of Western brands from Russia, with those refusing to stop operations facing increasing pressure.
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NewsOatly losses balloon as it puts growth ahead of profits
Losses at plant-based milk brand Oatly have ballooned as costs spiralled, inflation squeezed margins and it ploughed more money into growing production capacity to meet rising demand.
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NewsLindt suspends Russian business – as it heralds ‘remarkable’ UK growth
Swiss chocolatier Lindt & Sprüngli has bounced back from the pandemic with double-digit growth last year
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NewsLittle Moons sells stake to US PE firm L Catterton
The terms of the deal for the significant minority shareholding were not disclosed but are understood to value the business at much higher than £100m, according to sources in the City
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NewsDanone unveils turnaround plan under new CEO Antoine de Saint-Affrique
Danone has set out a multi-year turnaround plan as de Saint-Affrique unveiled his vision for the French consumer products group
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NewsCoke, Pepsi, McDonald’s and Starbucks suspend operations in Russia
Drinks giants Coca-Cola and PepsiCo, fast food chain McDonald’s and coffee house Starbucks have bowed to increasing pressure to halt operations in Russia amid the country’s invasion in Ukraine.
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NewsParson’s Nose hires advisors to find investment partner
The London-based family-run business is aiming to leverage the brand to become the UK’s leading online butcher.
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NewsFarmison sells majority stake to private equity investor Inverleith
Established in 2011 by John Pallagi and Lee Simmonds, the Yorkshire-based business aims to encourage UK consumers to ‘eat better meat’.
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NewsNimble aims for retail expansion following crowdfunding campaign and Justin King joining as advisor
The raise coincides with former Sainsbury’s boss Justin King joining the business as an investor and advisor.
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NewsMedia Bites 8 March: Ukraine, food prices, cost of living crisis
The effects of the war in Ukraine continues to dominate coverage in the papers, which this morning examine rising food prices and growing pressure on the likes of McDonald’s, Coca-Cola and Pepsi to pull out of Russia.
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NewsUnilever agrees to HFSS transparency after shareholder pressure
Unilever will now measure the sales of its products against major government-endorsed nutrient profile models
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NewsCity Snapshot: Food and drink shares plummet as Ukraine war hammers markets
The FTSE 100 has plunged further this morning as investor fears over the war in Ukraine continue to hammer markets across the globe.