All articles by Elena Cherubini – Page 13
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Vegan DTC startup Allplants seeks £2m in fundraising
Allplants is aiming to raise up to £20m this year
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City snapshot: Vegan DTC startup Allplants kicks off £20m fundraising push
Vegan DTC meal delivery startup Allplants will kick off a fundraising push next week as it aims to raise up to £20m this year.
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‘Volcanic’ chocolate brand Firetree takes to the crowd to raise £200k
The ’super premium’ chocolate manufacturer plans to use the funds raised to scale-up its newly launched brand
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City snapshot: Imperial Brands issues profits warning on US e-cigarette crackdown
Imperial Brands has issued a stark profit warning ahead of its annual general meeting as increased regulation on new generation products and a US ban on flavoured cigarettes are expected to hit revenues and profits
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Media Bites 5 Feb: M&S, Grocery sales, Meat tax
M&S Food finance director Nick Hewitt has left the chain last month, the latest high profile exit at the chain, while Morrisons boss David Potts has come under pressure to restore the grocer’s furtune as market share and sales keep falling
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Typhoo Tea to cut jobs to ‘safeguard future of the company’
The tea maker said the move was necessary amid an increasingly challenging trading environment
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Wild Cosmetics raises six-figure sum to launch eco-friendly deodorant
DTC startup Wild Cosmetics has raised £500k to roll out its 100% biodegradable deodorant refills and reusable aluminium cases from March
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Pasta Evangelists raises £3.5m to ramp up omnichannel efforts
The four-year-old brand raised the cash from funds including Pembroke VCT and Guinness Asset Management
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Dessert maker Indulgence Patisserie in talks with buyer after collapse
The own-label and branded dessert manufacturer appointed advisors last month after falling sales and legal issues led to its collapse into administration
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Plantifull seeks funding to support ‘major’ Holland & Barrett launch
The vegan meal pot startup is looking to raise £350k in exchange for an 18% stake to support in-store expansion and NPD
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City snapshot: Britvic reports ‘robust’ start of the year as sales surge
Britvic has reported a “robust start” of the year with first quarter revenues surging 4.9% to £369.8m
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Media Bites 31 Jan: Unilever; Coca Cola, Diageo
Unilever is considering a sale of its tea business, despite denying earlier media reports, the fishing industry is on the line as the UK leaves the European Union tonigh and Coca Cola’s push into healthier variants boosts sales
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PG Tips tea sale on the table as Unilever explores all options
Unilever has initiated a full strategic review of its global tea business, which could lead to a sale, despite its pledge two months ago to keep the brands.
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CMA to probe PepsiCo’s acquisition of Fruit Bowl maker Pioneer Foods
The UK’s competition watchdog will assess wether the merger will result in a “substantial lessening of competition”
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Wells & Co profits rise ahead of return to brewing
Wells & Co’s profits have jumped following a complete rebrand as it prepares to re-enter the brewing business.
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McDonald’s posts strongest revenues growth in a decade
Comparable sales at McDonald’s rose 5.9% last year as the US fast food giant continued to invest in technology and delivery
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Hattingley Valley Wines secures £7.5m to fund international expansion
English sparkling wine producer Hattingley Valley has secured a £7.5m finance facility to support its international expansion plans.
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City snapshot: UK shop prices continue to fall but food prices accelerate
Despite overall decline, food prices accelerated in January as discounting returned to a more normal level following Christmas
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Media Bites 29 Jan: John Lewis; Co-op; Suntory Holdings
John Lewis and Waitrose to stop publishing weekly trading updates, the Co-op is close to offload part of its pension liabilities and Suntory Holdings bought a 10% stake in the owner of The Macallan and The Famous Grouse Scotch whiskies
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Just Eat agrees UK partnership with McDonald’s
Just Eat has agreed to partner nationwide with McDonald’s in the UK and Ireland to become the fast food chain’s second exclusive delivery partner for McDelivery.