Latest Headlines – Page 332
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NewsCity snapshot: John Lewis Partnership swings to £234m loss as it warns of job cuts
The John Lewis Partnership has plunged to a £234m loss on property writedowns and a drop in core profitability at both retail brands, while warning of future job cuts and declining to pay a staff bonus
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NewsMedia Bites 16 March: Budget, John Lewis, British American Tobacco
The Budget dominates the papers today, but there is plenty of coverage for John Lewis’ first-ever appointment of a CEO.
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Comment and OpinionBudget fails to alleviate pressure on companies caught in cost of living crossfire
After the chaos unleashed by the mini-budget last November, Jeremy Hunt’s ‘steady as she goes’ budget was not exactly unwelcome – though it left grocery industry participants frustrated that more help isn’t being offered
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NewsRussian discounter Mere planning UK restart after year-long pause
The hard discounter paused operations in a number of European countries for ‘economic reasons’ following Russia’s invasion of Ukraine
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KVI TrackerSugar prices continue to mount after hitting 10-year high
Lidl and Morrisons both hiked their sugar prices last week, according to the KVI tracker
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NewsOatly shares surge on profitability promises and better end to 2022 than expected
Shares in Oatly have surged thanks to better-than-expected annual figures, promises of a future profit and $425m of new financing. CEO Toni Petersson said the group was ”well-positioned to start playing offence in 2023”.
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NewsBooker retailers fear impact of Tesco’s new fulfilment fees for suppliers
Tesco wrote to suppliers last week announcing new charges for those selling on its online platform or through its Booker wholesale operations
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NewsCo-op rolls out robot deliveries to Greater Manchester
The service will initially be available to 10,500 households in the region, with customers ordering via the Starship food delivery app
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NewsSqueaky Bean makes frozen debut with ‘chicken-style’ pieces
‘This range is just the start of an exciting pipeline of NPD, as we aim to continue to innovate and expand into new categories,’ said Squeaky Bean
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Guide ToThe Grocer Guide To Packaging
Sustainability is firmly in the spotlight for packaging suppliers as they respond to customer and consumer pressure. However, supply constraints have made for a challenging year. Discover how suppliers are meeting these obstacles and why the expansion in e-commerce and q-commerce is driving NPD. This is an ...
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NewsFever-Tree makes cocktail mixer debut with three-strong range
Margarita, Mojito and Espresso Martini were ‘crafted to take the fuss out of making cocktails at home’, it said
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NewsGreens Retail to go national as part of major expansion with 20 new stores
The major expansion programme follows a five-year contract renewal with Nisa, which is predicted to be worth up to £200m in sales
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NewsJohn Lewis appoints former Hovis boss Nish Kankiwala as its first ever CEO
Kankiwala, who has been a non-executive director since April 2021, will take up the CEO role full time from 27 March
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NewsCadbury Dairy Milk shrinks Giant Buttons packs by 23%
At the time of writing, Tesco and Asda were selling the new packs at £2 – the same shelf price as the previous size, according to Assosia data
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NewsBrook Street Foodservice joins Country Range buying group
Brook Street MD Mark Thomas said joining Country Range formed part of a five-year plan to establish the business as the dominant player in the East Anglia region
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NewsCo-op partners with Barnardo’s to help young people
Co-op aims to raise the money by engaging colleagues, members and customers in a range of national and local fundraising
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Comment and OpinionProfitability isn’t a dirty word. It’s fundamental to challenger brands
The focus on growth with massive expenditure and low ROI has wrongly overtaken the focus on long-term profitability, says Barty Walsh, co-founder at Ordo
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NewsSteven Bartlett’s Flight Fund invests $2.5m in personalised nutrition player Zoe
Dragons’ Den star Steven Bartlett has made a $2.5m (£2.1m) investment in personalised nutrition specialist Zoe via his newly launched $100m Flight Fund investment vehicle
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NewsMedia Bites 15 March: Asda/Co-op, Tesco, Sainsbury’s
Asda’s £600m takeover of the Co-op’s petrol forecourts could raise prices or lead to less choice, the competition watchdog has warned
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NewsCity snapshot: Vape maker Supreme sells IP of e-liquid brand T-Juice to La Vape Professional Distribution
Vape manufacturer Supreme has agreed to sell the intellectual property of premium e-cig liquid brand T-Juice to a French wholesaler for €4.5m.