All articles by Ed Devlin – Page 75
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Lindt sales soar as it emerges from Covid restrictions
Swiss confectionery giant Lindt & Sprüngli has soared back into double-digit growth as the shops emerged from lockdowns across the world and it continued to benefit from strong demand for premium chocolate in supermarkets.
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Plant-based nutrition brand Pulsin acquired by VC firm S-Ventures
Pulsin makes a wide range of protein, keto, high-fibre and oat snack bars, as well as protein powders and shakes, under its own brand and for third parties.
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Media Bites 27 July: Pingdemic, Just Eat Takeaway, Cranswick
Christmas shopping risks being ruined by a shortage of lorry drivers caused by Covid restrictions and the migration of foreign staff.
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City Snapshot: Positive start for Cranswick on strong meat demand in supermarkets
Meat producer Cranswick has continued to benefit from strong demand in supermarkets over the summer, as well as the beginnings of a recovery for food-to-go and foodservice sales as Covid-19 restrictions eased further.
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Cheeky Panda lines up £300m IPO and eyes major player status
CEO Chris Forbes said he expected Cheeky Panda to grow large enough to compete with the biggest players in the household paper category
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Ember to ramp up campaign against factory farming as it hits £800k crowdfunding target
Founded three years ago by brothers Harry and Jack Mayhew, the business has currently raised £945,000 from 244 investors, including ASOS CEO Nick Beighton, with the Seedrs round closing next week.
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Media Bites 22 July: Pingdemic, M&S, BrewDog, Asda
Supermarkets apologised for empty shelves in stores yesterday amid warnings that the “pingdemic” was putting a strain on supply chains.
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Momentum gathers at Vimto owner Nichols as lockdown ends
Vimto maker Nichols is seeing good momentum returning to its out-of-home business thanks to the easing of lockdown restrictions, hot weather and demand driven by England’s performance at the delayed Euro 2020.
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City Snapshot: Vimto maker Nichols returns to sales and profits growth as Covid restrictions end
Revenues and profits have returned to strong growth at soft drinks supplier Nichols thanks to the easing of lockdown restrictions and continued demand for the Vimto brand. Plus, Bakkavor reports ready meals and other prepared foods back at pre-pandemic levels.
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Parsley Box boss Kevin Dorren confident in long-term growth of DTC model
Parsley Box CEO Kevin Dorren told The Grocer he is confident about the long-term viability of the DTC model in the face of investor scepticism.
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Cheeky Panda unveils IPO ambitions as £2.5m crowdfunding campaign closes
The company, which is this week bringing a £2.5m crowdfunding campaign on the Seedrs platform to a close, said it planned to float on the London market in the next 24 months.
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Media Bites 20 July: Freedom Day, Ocado, Johnson & Johnson
The papers focus on yesterday’s ‘Freedom Day’ this morning, including the global stock market sell-off and the ongoing ‘pingdemic’.
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Eagle Eye boosted by retail reopenings
Grocery tech firm Eagle Eye has enjoyed a strong end to the year as the lifting of Covid restrictions helped customers such as Pret a Manger increase transactions. Group revenues rose 12% to £22.8m in the year ended 30 June, with adjusted EBITDA up 28% to £4.2m, ...
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City Snapshot: Parsley Box sales soar in H1 but board warns of slowdown as Covid restrictions end
Revenues at DTC meal delivery firm Parsley Box have soared following its IPO earlier this year as the pandemic continued to drive the number of customers using the service to record levels. However, its shares have tanked 20% this morning on worries over the long-term sustainability of the DTC model as Covid restrictions are fully lifted in the UK.
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Doisy & Dam appoints fmcg veteran Mike Hedges as chairman
Confectionery challenger brand Doisy & Dam has appointed fmcg veteran Mike Hedges as chairman ahead of a £300,000 crowdfunding push.
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Fearne & Rosie turns down Dragons’ Den offer in favour of Giles Brook backing
The Yorkshire-headquartered business has partnered with Giles Brook as it readies to scale up expansion in the fast-growing category
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Media Bites 15 July: John Lewis Partnership, National Food Strategy, Sainsbury’s, SSP Group
A busy morning in the papers sees stories on another 1,000 job cuts at John Lewis and Waitrose, the next part of Henry Dimbleby’s National Food Strategy, Sainsbury’s encouraging customers to continue wearing face coverings from next week, and the chief executive of SSP resigning.
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Houlihan Lokey expands coverage of consumer market with Baylor Klein acquisition
Investment bank Houlihan Lokey has acquired boutique advisory firm Baylor Klein in a move that bolsters its coverage of the consumer sector
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City Snapshot: SSP Group chief executive Simon Smith quits Upper Crust owner
SSP Group chief executive Simon Smith has quit his role at the Upper Crust and Ritazza owner to pursue opportunities elsewhere. Plus, trading updates from Finsbury Food Group, Science in Sport and McBride.
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Bepps bags six-figure backing from Mission Ventures’ Good Food Fund
As well as the funding, Bepps will also receive support and advice from Missions Venture, the food and drink start-up accelerator behind the Good Food Fund.