Latest Headlines – Page 163
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Comment and OpinionHow long will destocking headaches last for fmcg players?
Diageo’s recent profit warning was associated with retailers pausing orders having built up inventory levels too much, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsReal Good Food hires recovery specialist as it sells off Rainbow Dust brand
Cake decoration specialist Real Good Food has sold its Rainbow Dust brand and hired an insolvency specialist to explore options for the remaining Renshaw business
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NewsCo-op relaunches largest store in multimillion-pound makeover
The near 22,000 sq ft store, in Stornoway on the Isle of Lewis, had been transformed in a bid to better serve the Island community, Co-op said
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NewsHugh Fearnley-Whittingstall fronts appeal on food waste legal challenge
Fearnley-Whittingstall said the volume of food going to waste and lack of accountability was “a scandal, especially when so many people are going hungry”
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NewsMore retailers will follow Wilko unless business rates frozen across the board, experts warn
Jeremy Hunt has reportedly indicated the business rates multiplier – used the calculate the tax bill – will remain frozen for small business in his autumn statement, but not for larger ones
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NewsBabybel launches limited edition Maxi Babybel for Christmas
The snacking cheese brand has unveiled its Maxi Babybel, which comes in at 200g and is expected to hit shelves this month
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NewsAsda launches 100th Asda Express store
The store launched in Hexham last week, stocking up to 3,000 branded and own-label products across top-up essentials, food to go, and cooking ingredients
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NewsPoundland holding first ever Black Friday event
The deals will include fragrances for both men and women, from the likes of Burberry, Calvin Klein, Jimmy Choo, Britney Spears and Issey Miyake
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NewsTate & Lyle Sugars adds low-calorie sucralose sweetener
‘We’ve seen a growing trend towards consumers regularly opting for sweetener,’ said Tate & Lyle Sugars
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NewsMedia Bites 20 November: Retail sales, Tesco Bank, Hotel Chocolat
British retail sales have fallen to their lowest level since February 2021 as consumers curb their spending
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NewsCity snapshot: Kitwave strengthens foodservice division with Wilds of Oldham deal
Buy-and-build wholesaler Kitwave Group has added another business to its portfolio with the acquisition of Wilds of Oldham. Plus, McBride issues a trading update, CCEP agrees Coca-Cola Beverages Philippines deal and Compass announces “a strong” year.
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NewsTesco launches Christmas advert during I’m a Celebrity premiere
Tesco to air its Christmas advert during the premiere of I’m at Celebrity Get Me Out of Here on ITV at 9pm
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Comment and OpinionHow the government is empowering farming innovation
The government stands firmly behind innovation, research and development as the cornerstones of modern farming practices, says farming minister Mark Spencer
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Comment and OpinionHow LSE is boosting the next generation of F&B entrepreneurs
The Food & Beverage Deepdive Programme will connect aspiring entrepreneurs with industry experts, says Nisha Ramisetty, advisor – special programmes, LSE Generate
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NewsMighty Slice backed by footballer Reece James ahead of first national listing
High protein dessert brand Mighty Slice has received backing from England and Chelsea footballer Reece James as it prepares for its first nationwide supermarket listing
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NewsVirtue Drinks lands £1.2m in funding to push global growth
Natural energy drinks brand Virtue Drinks has raised £1.2m to underpin a major brand refresh and accelerate global growth
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NewsBurts boosts sales with brand relaunch
A brand relaunch and investment in capacity helped premium snacking player Burts grow sales and profits last year ahead of its sale to Europe Snacks
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NewsCity news: Premier Foods impresses with bumper growth in half year results
Premier Foods shares were on the up again on Thursday as it upgraded profit expectations after maintaining bumper growth in its second quarter
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Comment and OpinionJoint business plans are often meaningless – suppliers don’t need them
The customer agrees to JBPs whilst chuckling quietly about how much they are getting for a simple signature on a meaningless plan, says David Sables, CEO of Sentinel Management Consultants
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NewsCampari ‘looking at’ UK Aperol RTD play
Campari sells an Aperol Spritz ready-to-serve in 13 countries