Latest Headlines – Page 362
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Iceland founder Malcolm Walker rebuffs takeover suitors
Opportunistic investors are reported to have bought the supermarket’s debt for as little as 67p in the pound earlier this year, in a strategy that can prelude a debt-for-equity swap and takeover if borrowing becomes unaffordable
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Nestlé wraps Quality Street chocolates in different colours due to foil shortage
The Green Triangle has been wrapped in gold packaging, while Orange Crunch has been packaged in dark bronze foil in a limited run of cartons, tubs and pouches
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Supply chain & logistics operators warn of potential food shortages over rising fuel costs
Trade body Logistics UK said that, if introduced, the fuel duty hike would be a “body blow to the logistics industry”
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Leon to embark on major expansion with 100 new kiosks in Asda stores
Leon said under the expansion plans it will also open four new sites at its EG convenience stores in forecourts before Christmas
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Home Bargains director Joe Morris steps down
Joe Morris served as the retailer’s operations director for 20 years before becoming its director of innovation early in 2021
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City snapshot: Compass Group accelerates ahead of pre-pandemic trading
Profits have soared at catering giant Compass as annual revenues surpassed pre-Covid levels and the business completed its recovery from the pandemic. Plus, Real Good Food secures new funding to supoort turnaround; and
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Superdrug launches third-party marketplace with 300 brands
The new markeplace doubles the number of products available on Superdrug.com from today
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Media Bites 21 Nov: Iceland, Lottery, UK Retail sales
The founder of Iceland has reasserted his intention to retain control of the frozen foods retailer after rebuffing takeover interest from several suitors since the onset of the pandemic
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Iceland launches Christmas ad featuring Noddy Holder and Brian Blessed
The 30-second ad comes after a series of teasers posted on Iceland’s social media channels and website
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Unitas Wholesale appoints Peter Burleigh as trading controller for grocery
The business said Burleigh has a wealth of experience, accrued across numerous roles in the retail and wholesale channels
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M&S names Jeremy Townsend interim CFO as Eoin Tonge heads to ABF
Tonge is officially stepping down from the board on 9 December, with Townsend taking over. He will report to Machin
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Global cage-free egg progress increasing, new report reveals
In the UK, 64.6% of eggs are now cage-free and there has been an increase in free-range
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Lidl ‘well stocked for Christmas’ after sporadic localised summer availability issues
Lidl GB chief Ryan McDonnell acknowledged there had been sporadic localised issues throughout the summer but said it was ‘well stocked’ for the festive season
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Fruit and veg prescription pilot launched in London boroughs
The trial will explore the viability of fruit and veg on prescription as a long-term solution to tackling diet-related ill health and food insecurity
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Cheeky Panda returns to crowd to boost rapid growth
Cheeky Panda is set to launch a new funding round to continue rapid growth and grab a larger share of the personal care market.
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Farmison guarantees availability of turkey for Christmas season
Farmison has guaranteed Christmas turkey availability as the premium online butcher kicked off a £2m crowdfunding campaign.
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M&S Christmas lines begin rolling out across Target stores in US
The retailer has joined forces with the American chain to sell some of its most iconic seasonal products in Target stores across the US
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Thérèse Coffey demands crisis talks to save Defra policy worth billions
Coffey is asking business leaders to attend a series of workshops, in which they would be asked to thrash out alternative plans for delivery
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City snapshot: Parsley Box sets out delisting timetable to leave AIM
Embattled DTC group Parsley Box has set out a timetable for cancelling its listing on London’s junior exchange. Plus, consumer confidence edges up in November and October’s UK retail sales rebound.
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Media Bites 18 November: Autumn Statement, Lidl, avian flu
The front pages are dominated by reaction to the Autumn Statement.