All articles by Elena Cherubini
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Juicy Jerk launches accelerator fund to support black-owned food businesses
The accelerator will offer cash grants up to £1k as well as mentoring, support and masterclasses
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Proper Snacks sales rise 25% amid expansion and NPD
For the year ended 29 December 2019, the company’s turnover amounted to £15.9m from £12.7m the prior year
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Media Bites 23 July: Tesco, Face masks, Lockdown treats
Tesco shop staff to be asked to scrub floors from August, face masks to be compulsory in takeaway outlets and Britons spend £800 each on lockdown treats
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City snapshot: Nichols profits halve as coronavirus pandemic hits out of home sales
The company’s adjusted operating profits for the six months to 30 June amounted to £6.8m, a 48.9% drop on the previous year’s £13.3m
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Euro Food Brands snaps up The Food Doctor for an undisclosed amount
The Food Doctor joins Euro Food Brands’ portfolio of international brands, including Reese’s, Barilla, Campbell’s Soup, Ainsley Harriott and Voss
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DTC detergent startup Smol secures £8m in funding
Smol will use the funding to expand its services to more households after reporting tripled interest in its products since the start of the coronavirus crisis
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Media Bites 21 July: Walmart/Asda, Marks & Spencer, Shrinkinflation
Walmart resumes talks to sell a stake in Asda, Marks & Spencer to axe 950 jobs and Cadbury’s shrinks the size of its chocolate bars
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Pip & Nut secures seven-figure funding package to ramp up expansion plans
Pip & Nut has been growing strongly during the coronavirus pandemic, closing its best quarter ever due to a “huge surge” in sales in March
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City snapshot: M&S to announce hundreds of job cuts
According to Sky News, the retailer will start announcing redundancy plans within days, following other prominent high street names such as John Lewis, Boots and Debenhams
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Food surplus retailer Company Shop sales rise 17% on estate expansion
During the year the company opened its first retail store in Scotland, doubled the size of its Corby store and opened its fifth Community Shop in Halton
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Media Bites 16 July: Dobbies Garden/Sainsbury’s, Amazon/Deliveroo, VAT cuts
Dobbies Garden Centres inks a deal to stock Sainsbury’s food, rival delivery firms warn against Amazon tie-up with Deliveroo and some high street food chains vow to pass on VAT cuts to customers through lower prices
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Ella’s Kitchen continues to ‘outperform’ babyfood market despite pandemic
The Hain Celestial-owned brand reported revenues for the year ended 2019, up to £73.4m from £70.6m the prior year
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City Snapshot: Finsbury Food Group sales fall on coronavirus impact
The listed bakery manufacturer has guided for revenues in the year ended 27 June to be £306.3m, down from £315.3m last year
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Mighty Pea secures £1m funding in UK government Future Fund scheme
The company was one of a handful of brands to receive cash under the Future Fund, with only about 10% of applications having been accepted so far
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Warburtons partners with Mission Ventures to support next generation of baking businesses
Batch Ventures combines equity funding and hands-on support from entrepreneurs and industry professionals to help the selected cohort of businesses grow and succeed
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Media Bites 9 July: Mini budget, Uber Eats/Asda, Kbox
Sunak unveils £30bn economic package in the Summer “Mini Budget”, Uber Eats teams up with Adsa for grocery deliveries and Deliveroo backer Hoxton Venutures invests in Kbox
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Plant-based meat startup This readies £2m crowdfunding push
The startup will use the funds to open a plant-based innovation centre in London
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City snapshot: Distil revenues rise 21% since April on strong retail sales
The premium drinks brands owner now expects revenues for the first half up by 75% to 85%
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UK footfall recovery remains sluggish despite lockdown easing
UK footfall recovered slightly in the third week of shops reopening in England and Northern Ireland, but were still down almost 50% year on year
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Media Bites 7 Jul: Pret A Manger, High Street spending, Uber
Pret A Manger mulls closing 30 stores and axing over 1,000 staff after coronavirus hit, high street spending partly rebounds as casual dining sector reopens and Chancellor Sunak is due to announce a £3bn package of green investment