All articles by Ed Devlin – Page 87
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NewsCity snapshot: Gosh closes in on £50m buyout
Free-from brand Gosh is close to sealing a £50m deal with a new owner after it revived a three-year long M&A process amid soaring demand for plant-based foods
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NewsCity Snapshot: Supermarket price war keeps lid on inflation fears
Food prices have fallen for a third month in a row as the supermarkets continue to fight it out to attract shoppers from rivals, according to new data. Plus, record full-year results for Cake Box; and Treatt CFO Richard Hope to retire after 20 years with the ingredients company.
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NewsMedia Bites 29 June: BrewDog, Greggs, Molson Coors
The co-founder of BrewDog is selling off personal property assets linked to the craft brewer ahead of a planned flotation amid concerns over potential conflicts of interest.
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NewsThis secures biggest ever series A fundraise for UK plant-based brand
This plans to use the cash to support the rapid growth of the business, expand its R&D capabilities and bring to a pipeline of new products to the market.
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NewsCity Snapshot: Greggs sales recovery continues at stronger-than-expected pace
Greggs has continued to see customers flooding back to its stores in greater than expected numbers since the relaxing of coronavirus restrictions, the high street bakery chain said in an unscheduled trading update. Plus, Coca-Cola HBC acquires minority stake in premium Italian coffee company Caffè Vergnano.
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News2 Sisters continues branded exit with bakery sale plan
Brands up for sale include Lancashire pie maker Holland’s and Irish sausage roll producer Portumna
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Analysis & FeaturesWhat does £5.5bn takeover tussle mean for Morrisons?
Clayton Dubilier & Rice has form in UK retail. Is its bid likely to succeed, and what would the implications be for Morrisons and the sector?
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NewsMedia Bites 24 June: HFSS, Morrisons, GSK
It is much quieter in the papers this morning as the dust on the Morrisons story settles for now. The main story is that junk food adverts will be subject to a near total online ban and a 9pm television watershed by the end of next year.
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NewsCity Snapshot: Krispy Kreme lines up $4bn IPO
Doughnut maker Krispy Kreme looks set to be valued at up to $4bn in an upcoming IPO in New York. Plus, Pernod Ricard upgrades profit expectations as pace of recovery quickens.
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NewsItsu sells stake to PE house Bridgepoint as grocery sales soar
Asian-inspired brand Itsu has sold a significant minority stake to PE firm Bridgepoint as sales of its grocery brand soars in supermarkets.
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NewsMedia Bites 22 June: Morrisons, Hotel Chocolat, Selfridges
The papers continued to focus on the suprise £5.5bn approach from CD&R for Morrisons this morning, with blanket coverage.
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NewsKerry Group agrees €853m acquisition of preservatives maker Niacet
It follows an announcement on Friday that the Irish group had agreed to sell its UK and Ireland consumer foods business to Moy Park owner Pilgrim’s Pride
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NewsMorrisons shares balloon more than 30% after it rejects £5.5bn offer
US private equity giant CD&R, which counts former Tesco boss Terry Leahy as an operating partner, now has 28 days under City takeover rules to table a new offer or walk away
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NewsGood Food Fund signs up Better Nature and Spare Snacks brands
Better Nature and Spare Snacks join the 12-month programme and will receive business support
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NewsElla’s Kitchen defies slump in babyfood to increase revenues
Ella’s Kitchen has defied a pandemic-driven slump in the babyfood category to grow revenues and market share in the UK
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NewsMedia Bites 17 June: Brexit, Asda, Coca-Cola, Morrisons
Labour shortages are causing the UK meat industry to cut production and warn that it will soon be unable to meet orders unless the government relaxes post-Brexit immigration rules.
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NewsCity snapshot: UK inflation rises to 2.1% in May as lockdown eases
Inflation has continued to soar in the UK as the relaxation of lockdown restrictions led to a rise in consumer spending. Plus, a third-quarter trading update from agri-services group Origin Enterprises.
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NewsUnilever grows DTC empire with Paula’s Choice deal
Unilever has agreed to acquire digital-led skin care brand Paula’s Choice as it continues to widen its exposure to the growing DTC market
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NewsMedia Bites 15 June: Covid, hospitality, Boxed, Meatless Farm
Boris Johnson has said that Britain must learn to live with coronavirus as he delayed the end of Covid restrictions by four weeks and insisted that July 19 would be the new “terminus date”.
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Comment & OpinionMeatless Farm’s fundraise shows plant-based is reaching a tipping point
The brand is likely to reap the rewards of an increasingly mainstream following with its consumer-facing Crowdcube campaign